New Senior Investment Group (NYSE:SNR) had its price objective decreased by investment analysts at Morgan Stanley from $8.00 to $7.30 in a report released on Wednesday. The brokerage currently has an “underweight” rating on the real estate investment trust’s stock. Morgan Stanley’s price target indicates a potential downside of 2.41% from the company’s previous close.

Several other brokerages have also weighed in on SNR. Zacks Investment Research upgraded shares of New Senior Investment Group from a “hold” rating to a “buy” rating and set a $9.25 target price on the stock in a research report on Tuesday, April 3rd. Stifel Nicolaus restated a “hold” rating on shares of New Senior Investment Group in a research report on Monday, May 21st. Finally, ValuEngine upgraded shares of New Senior Investment Group from a “hold” rating to a “buy” rating in a research report on Tuesday, February 27th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $9.14.

NYSE SNR opened at $7.48 on Wednesday. The stock has a market cap of $651.44 million, a P/E ratio of 6.56 and a beta of 0.61. New Senior Investment Group has a 52-week low of $6.77 and a 52-week high of $10.57. The company has a debt-to-equity ratio of 4.04, a current ratio of 2.73 and a quick ratio of 2.73.

New Senior Investment Group (NYSE:SNR) last posted its quarterly earnings results on Thursday, May 10th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.40). The firm had revenue of $99.22 million for the quarter, compared to analysts’ expectations of $98.69 million. New Senior Investment Group had a return on equity of 1.75% and a net margin of 2.02%. The company’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.30 earnings per share. sell-side analysts predict that New Senior Investment Group will post 1.01 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC acquired a new position in New Senior Investment Group during the first quarter worth about $111,000. BlueCrest Capital Management Ltd acquired a new stake in shares of New Senior Investment Group in the fourth quarter valued at approximately $140,000. AMP Capital Investors Ltd grew its position in shares of New Senior Investment Group by 60.6% in the fourth quarter. AMP Capital Investors Ltd now owns 23,148 shares of the real estate investment trust’s stock valued at $175,000 after purchasing an additional 8,736 shares during the last quarter. Landscape Capital Management L.L.C. acquired a new stake in shares of New Senior Investment Group in the fourth quarter valued at approximately $198,000. Finally, Cambridge Investment Research Advisors Inc. grew its position in shares of New Senior Investment Group by 48.3% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 26,458 shares of the real estate investment trust’s stock valued at $200,000 after purchasing an additional 8,612 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

New Senior Investment Group Company Profile

New Senior Investment Group (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. As of December 31, 2017, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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