New Senior Investment Group Inc. (SNR) Declares Quarterly Dividend of $0.26
New Senior Investment Group Inc. (NYSE:SNR) declared a quarterly dividend on Thursday, November 2nd, Zacks reports. Stockholders of record on Friday, December 8th will be given a dividend of 0.26 per share by the real estate investment trust on Friday, December 22nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.64%. The ex-dividend date of this dividend is Thursday, December 7th.
New Senior Investment Group has a payout ratio of 92.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect New Senior Investment Group to earn $1.10 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 94.5%.
Shares of New Senior Investment Group (NYSE:SNR) opened at $8.23 on Friday. The firm has a market cap of $676.09, a P/E ratio of 7.01 and a beta of 0.88. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.23. New Senior Investment Group has a 52-week low of $7.87 and a 52-week high of $10.82.
A number of equities analysts have issued reports on the company. BidaskClub upgraded New Senior Investment Group from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. Compass Point cut New Senior Investment Group from a “buy” rating to a “neutral” rating and cut their target price for the stock from $13.00 to $10.00 in a report on Thursday, August 31st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. New Senior Investment Group has a consensus rating of “Hold” and a consensus target price of $9.67.
About New Senior Investment Group
New Senior Investment Group Inc is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States. The Company operates through two segments: Managed Properties and Triple Net Lease Properties. As of December 31, 2016, the Company owned a diversified portfolio of 152 primarily private pay senior housing properties located across 37 states.
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