New Senior Investment Group Inc (NYSE:SNR) saw a significant decline in short interest in the month of July. As of July 31st, there was short interest totalling 1,545,400 shares, a decline of 12.8% from the June 30th total of 1,771,800 shares. Currently, 1.9% of the company’s shares are sold short. Based on an average daily volume of 446,500 shares, the short-interest ratio is presently 3.5 days.

Several institutional investors have recently added to or reduced their stakes in SNR. JPMorgan Chase & Co. raised its stake in shares of New Senior Investment Group by 1,632.4% in the 1st quarter. JPMorgan Chase & Co. now owns 1,810,986 shares of the real estate investment trust’s stock valued at $9,870,000 after acquiring an additional 1,706,448 shares during the period. Heitman Real Estate Securities LLC purchased a new stake in shares of New Senior Investment Group in the 2nd quarter valued at approximately $11,200,000. Vanguard Group Inc. raised its stake in shares of New Senior Investment Group by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 12,518,641 shares of the real estate investment trust’s stock valued at $84,125,000 after acquiring an additional 940,002 shares during the period. Bank of New York Mellon Corp raised its stake in shares of New Senior Investment Group by 110.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,591,530 shares of the real estate investment trust’s stock valued at $10,696,000 after acquiring an additional 834,710 shares during the period. Finally, Norges Bank purchased a new stake in shares of New Senior Investment Group in the 4th quarter valued at approximately $3,042,000. 70.73% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on SNR shares. Zacks Investment Research raised shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a research note on Saturday. Robert W. Baird started coverage on shares of New Senior Investment Group in a research note on Friday, May 31st. They set a “neutral” rating and a $7.00 target price on the stock. ValuEngine downgraded shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, BTIG Research initiated coverage on shares of New Senior Investment Group in a research note on Tuesday, July 16th. They set a “buy” rating and a $8.00 target price on the stock. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $6.67.

Shares of New Senior Investment Group stock traded down $0.22 on Wednesday, reaching $6.31. The company had a trading volume of 440,265 shares, compared to its average volume of 535,181. The business has a 50 day simple moving average of $6.82. The stock has a market cap of $542.81 million, a price-to-earnings ratio of 11.07 and a beta of 0.72. New Senior Investment Group has a 52-week low of $4.04 and a 52-week high of $7.26. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 8.00.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 8.24%. The ex-dividend date is Thursday, September 5th. New Senior Investment Group’s dividend payout ratio (DPR) is 91.23%.

About New Senior Investment Group

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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