ValuEngine upgraded shares of New Senior Investment Group (NYSE:SNR) from a hold rating to a buy rating in a research report report published on Thursday, ValuEngine reports.

Several other equities analysts have also weighed in on SNR. Robert W. Baird began coverage on shares of New Senior Investment Group in a report on Friday, May 31st. They set a neutral rating and a $7.00 target price for the company. Morgan Stanley set a $111.00 target price on shares of Procter & Gamble and gave the company a buy rating in a research report on Thursday, March 28th.

Shares of NYSE:SNR opened at $6.87 on Thursday. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 7.22. The stock’s fifty day moving average is $6.68. New Senior Investment Group has a fifty-two week low of $4.04 and a fifty-two week high of $7.62. The company has a market capitalization of $570.28 million, a price-to-earnings ratio of 12.05 and a beta of 0.72.

New Senior Investment Group (NYSE:SNR) last posted its quarterly earnings results on Friday, May 3rd. The real estate investment trust reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. The company had revenue of $117.62 million for the quarter. New Senior Investment Group had a negative net margin of 33.97% and a negative return on equity of 47.15%. Equities research analysts anticipate that New Senior Investment Group will post 0.58 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Shareholders of record on Friday, June 7th were paid a $0.13 dividend. The ex-dividend date of this dividend was Thursday, June 6th. This represents a $0.52 annualized dividend and a yield of 7.57%. New Senior Investment Group’s dividend payout ratio is currently 91.23%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cutler Group LP increased its position in shares of New Senior Investment Group by 92.0% in the first quarter. Cutler Group LP now owns 6,677 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 3,200 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in shares of New Senior Investment Group in the second quarter valued at $75,000. Pensionmark Financial Group LLC purchased a new position in shares of New Senior Investment Group in the fourth quarter valued at $72,000. Two Sigma Securities LLC purchased a new position in shares of New Senior Investment Group in the fourth quarter valued at $54,000. Finally, Evergreen Capital Management LLC purchased a new position in shares of New Senior Investment Group in the first quarter valued at $75,000. 70.35% of the stock is owned by hedge funds and other institutional investors.

New Senior Investment Group Company Profile

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

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