Northern Trust Corp cut its position in shares of New Senior Investment Group Inc (NYSE:SNR) by 7.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,361,888 shares of the real estate investment trust’s stock after selling 108,332 shares during the quarter. Northern Trust Corp owned 1.66% of New Senior Investment Group worth $10,309,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in New Senior Investment Group by 177.2% in the first quarter. JPMorgan Chase & Co. now owns 209,457 shares of the real estate investment trust’s stock worth $1,713,000 after purchasing an additional 133,908 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in New Senior Investment Group by 2.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,244,463 shares of the real estate investment trust’s stock worth $10,180,000 after purchasing an additional 33,539 shares during the last quarter. Jane Street Group LLC purchased a new stake in New Senior Investment Group in the first quarter worth approximately $111,000. Millennium Management LLC boosted its stake in shares of New Senior Investment Group by 569.0% during the 1st quarter. Millennium Management LLC now owns 668,785 shares of the real estate investment trust’s stock worth $5,471,000 after acquiring an additional 568,810 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of New Senior Investment Group by 7.7% during the 1st quarter. Legal & General Group Plc now owns 254,831 shares of the real estate investment trust’s stock worth $2,084,000 after acquiring an additional 18,120 shares during the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.

SNR has been the topic of several analyst reports. Zacks Investment Research upgraded shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a research note on Wednesday, August 1st. ValuEngine upgraded shares of New Senior Investment Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 24th. Finally, Morgan Stanley upgraded shares of New Senior Investment Group from an “underweight” rating to an “equal weight” rating and set a $6.00 price target on the stock in a research note on Monday, October 29th.

Shares of New Senior Investment Group stock opened at $5.50 on Friday. The firm has a market cap of $455.11 million, a PE ratio of 4.82 and a beta of 0.40. New Senior Investment Group Inc has a 1-year low of $5.20 and a 1-year high of $8.89. The company has a debt-to-equity ratio of 5.14, a quick ratio of 3.98 and a current ratio of 3.74.

New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported ($0.25) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.19) by ($0.06). The business had revenue of $117.76 million for the quarter. New Senior Investment Group had a negative return on equity of 8.87% and a negative net margin of 9.06%. As a group, equities analysts expect that New Senior Investment Group Inc will post 0.22 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Friday, December 7th will be paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 9.45%. The ex-dividend date is Thursday, December 6th. New Senior Investment Group’s dividend payout ratio is presently 45.61%.

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New Senior Investment Group 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 March 31, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

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