New Senior Investment Group (NYSE:SNR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Friday. The brokerage presently has a $8.00 price target on the real estate investment trust’s stock. Zacks Investment Research‘s target price suggests a potential upside of 14.61% from the company’s current price.

According to Zacks, “New Senior Investment Group Inc. is a real estate investment trust focused on investing in senior housing properties across the United States. It operates in two reportable segments: Managed Properties and Triple Net Lease Properties. The Company’s managed portfolio includes assisted living, memory care and independent living properties. Its triple net lease portfolio includes assisted living, memory care, independent living and continuing care retirement communities. New Senior Investment Group Inc. is based in United States. “

Other equities analysts have also recently issued research reports about the stock. ValuEngine cut shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Morgan Stanley cut their price target on shares of New Senior Investment Group from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, December 14th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. New Senior Investment Group currently has a consensus rating of “Hold” and an average price target of $9.00.

New Senior Investment Group (SNR) opened at $6.98 on Friday. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 4.23. New Senior Investment Group has a 12 month low of $6.77 and a 12 month high of $10.82. The company has a market cap of $577.51, a P/E ratio of -24.07 and a beta of 0.84.

Hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. purchased a new stake in shares of New Senior Investment Group in the 2nd quarter valued at $101,000. Amalgamated Bank purchased a new stake in shares of New Senior Investment Group in the 2nd quarter valued at $104,000. Institutional & Family Asset Management LLC purchased a new stake in shares of New Senior Investment Group in the 3rd quarter valued at $102,000. Schroder Investment Management Group purchased a new stake in shares of New Senior Investment Group in the 3rd quarter valued at $104,000. Finally, Jane Street Group LLC purchased a new stake in shares of New Senior Investment Group in the 3rd quarter valued at $105,000. 67.40% of the stock is owned by institutional investors and hedge funds.

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New Senior Investment Group Company Profile

New Senior Investment Group Inc is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States. The Company operates through two segments: Managed Properties and Triple Net Lease Properties. As of December 31, 2016, the Company owned a diversified portfolio of 152 primarily private pay senior housing properties located across 37 states.

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