Morgan Stanley reduced its holdings in New Senior Investment Group Inc (NYSE:SNR) by 44.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 271,310 shares of the real estate investment trust’s stock after selling 216,619 shares during the quarter. Morgan Stanley’s holdings in New Senior Investment Group were worth $1,600,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. grew its holdings in New Senior Investment Group by 5.2% in the third quarter. BlackRock Inc. now owns 7,495,564 shares of the real estate investment trust’s stock valued at $44,224,000 after purchasing an additional 369,698 shares during the period. First Trust Advisors LP grew its holdings in New Senior Investment Group by 1,059.2% in the third quarter. First Trust Advisors LP now owns 139,211 shares of the real estate investment trust’s stock valued at $821,000 after purchasing an additional 127,202 shares during the period. Martingale Asset Management L P grew its holdings in New Senior Investment Group by 368.1% in the third quarter. Martingale Asset Management L P now owns 136,675 shares of the real estate investment trust’s stock valued at $807,000 after purchasing an additional 107,475 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in New Senior Investment Group by 60.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 375,098 shares of the real estate investment trust’s stock valued at $2,213,000 after purchasing an additional 141,396 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in New Senior Investment Group by 1.3% in the third quarter. Dimensional Fund Advisors LP now owns 1,270,749 shares of the real estate investment trust’s stock valued at $7,497,000 after purchasing an additional 16,186 shares during the period. 64.83% of the stock is currently owned by institutional investors.

Shares of NYSE:SNR opened at $5.17 on Friday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 6.67. The company has a market capitalization of $425.03 million, a PE ratio of 9.07 and a beta of 0.99. New Senior Investment Group Inc has a 1 year low of $4.04 and a 1 year high of $8.89.

New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings results on Friday, February 22nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The firm had revenue of $118.47 million for the quarter. New Senior Investment Group had a negative return on equity of 41.28% and a negative net margin of 35.87%. Research analysts anticipate that New Senior Investment Group Inc will post 0.53 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 10.06%. The ex-dividend date of this dividend is Thursday, March 7th. New Senior Investment Group’s dividend payout ratio is presently 91.23%.

Several analysts have commented on the company. Zacks Investment Research lowered New Senior Investment Group from a “hold” rating to a “sell” rating in a report on Friday, February 15th. ValuEngine lowered New Senior Investment Group from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th.

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About New Senior Investment Group

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 September 30, 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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