BlackRock Group LTD increased its stake in shares of New Senior Investment Group Inc. (NYSE:SNR) by 5.0% during the third quarter, Holdings Channel reports. The institutional investor owned 581,005 shares of the real estate investment trust’s stock after buying an additional 27,495 shares during the period. BlackRock Group LTD’s holdings in New Senior Investment Group were worth $6,705,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SNR. Teacher Retirement System of Texas raised its position in New Senior Investment Group by 2.8% in the second quarter. Teacher Retirement System of Texas now owns 10,943 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 303 shares in the last quarter. Veritable L.P. raised its position in New Senior Investment Group by 5.5% in the second quarter. Veritable L.P. now owns 11,080 shares of the real estate investment trust’s stock valued at $118,000 after buying an additional 580 shares in the last quarter. Cubist Systematic Strategies LLC bought a new position in New Senior Investment Group during the second quarter valued at $134,000. GSA Capital Partners LLP bought a new position in New Senior Investment Group during the second quarter valued at $143,000. Finally, Clinton Group Inc. bought a new position in New Senior Investment Group during the second quarter valued at $148,000. Hedge funds and other institutional investors own 72.21% of the company’s stock.

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

New Senior Investment Group Inc. (NYSE:SNR) opened at 10.36 on Friday. The firm’s market cap is $850.84 million. The stock’s 50 day moving average is $9.98 and its 200 day moving average is $10.90. New Senior Investment Group Inc. has a 52 week low of $7.78 and a 52 week high of $12.68.

New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.34 by $0.03. New Senior Investment Group had a negative return on equity of 13.51% and a negative net margin of 19.32%. The business had revenue of $118.50 million for the quarter, compared to analyst estimates of $120.17 million. The company’s revenue for the quarter was up 13.4% on a year-over-year basis. Equities research analysts expect that New Senior Investment Group Inc. will post ($1.07) EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 22nd. Stockholders of record on Thursday, December 8th were given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 10.04%. The ex-dividend date of this dividend was Tuesday, December 6th. New Senior Investment Group’s dividend payout ratio is -94.54%.

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Separately, Zacks Investment Research upgraded shares of New Senior Investment Group from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Saturday, October 1st.

New Senior Investment Group Company Profile

New Senior Investment Group Inc is a real estate investment trust (REIT) with a diversified portfolio of senior housing properties located across the United States. The Company conducts its business through two segments: Managed Properties and Triple Net Lease Properties. Under its Managed Properties segment, the Company operates approximately 100 properties under property management agreements with the Property Managers.

5 Day Chart for NYSE:SNR

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