New Senior Investment Group (NYSE:SNR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Thursday.

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. “

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A number of other research firms have also commented on SNR. Morgan Stanley lowered their price target on New Senior Investment Group from $9.00 to $8.00 and set an “underweight” rating for the company in a research report on Thursday, December 14th. ValuEngine raised New Senior Investment Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $9.25.

Shares of New Senior Investment Group stock opened at $7.98 on Thursday. The company has a market capitalization of $657.19, a price-to-earnings ratio of 53.20 and a beta of 0.69. New Senior Investment Group has a 12-month low of $6.77 and a 12-month high of $10.82. The company has a debt-to-equity ratio of 3.77, a current ratio of 3.03 and a quick ratio of 3.03.

New Senior Investment Group (NYSE:SNR) last released its quarterly earnings results on Friday, February 23rd. The real estate investment trust reported $0.28 EPS for the quarter, meeting analysts’ consensus estimates of $0.28. The business had revenue of $106.90 million during the quarter, compared to analyst estimates of $106.00 million. New Senior Investment Group had a return on equity of 2.35% and a net margin of 2.72%. New Senior Investment Group’s quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 EPS. equities analysts anticipate that New Senior Investment Group will post 1.13 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the business. Institutional & Family Asset Management LLC bought a new position in New Senior Investment Group in the 3rd quarter valued at $102,000. Schroder Investment Management Group bought a new position in New Senior Investment Group in the 3rd quarter valued at $104,000. Jane Street Group LLC bought a new position in New Senior Investment Group in the 3rd quarter valued at $105,000. SG Americas Securities LLC bought a new position in New Senior Investment Group in the 3rd quarter valued at $151,000. Finally, Cambridge Investment Research Advisors Inc. grew its stake in New Senior Investment Group by 59.0% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 17,846 shares of the real estate investment trust’s stock valued at $163,000 after purchasing an additional 6,620 shares during the period. Hedge funds and other institutional investors own 69.13% of the company’s stock.

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About New Senior Investment Group

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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