Schwab Charles Investment Management Inc. cut its position in shares of New Senior Investment Group Inc (NYSE:SNR) by 5.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 446,890 shares of the real estate investment trust’s stock after selling 27,570 shares during the quarter. Schwab Charles Investment Management Inc.’s holdings in New Senior Investment Group were worth $4,090,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SNR. Principal Financial Group Inc. acquired a new stake in New Senior Investment Group during the second quarter worth about $101,000. Amalgamated Bank acquired a new stake in New Senior Investment Group during the second quarter worth about $104,000. Schroder Investment Management Group acquired a new stake in New Senior Investment Group during the third quarter worth about $104,000. Stevens Capital Management LP acquired a new stake in New Senior Investment Group during the second quarter worth about $106,000. Finally, MML Investors Services LLC increased its stake in New Senior Investment Group by 2.9% during the second quarter. MML Investors Services LLC now owns 10,955 shares of the real estate investment trust’s stock worth $110,000 after acquiring an additional 310 shares during the last quarter. Institutional investors own 67.25% of the company’s stock.

Shares of New Senior Investment Group Inc (NYSE:SNR) opened at $7.55 on Friday. New Senior Investment Group Inc has a 1 year low of $7.37 and a 1 year high of $10.82. The company has a quick ratio of 1.82, a current ratio of 1.82 and a debt-to-equity ratio of 4.23. The firm has a market capitalization of $621.87, a PE ratio of -26.03 and a beta of 0.82.

The business also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Friday, December 8th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a dividend yield of 13.77%. The ex-dividend date was Thursday, December 7th. New Senior Investment Group’s payout ratio is -358.62%.

Several equities research analysts have commented on the company. Zacks Investment Research upgraded New Senior Investment Group from a “strong sell” rating to a “hold” rating in a research note on Saturday, December 16th. Morgan Stanley dropped their price target on New Senior Investment Group from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, December 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. New Senior Investment Group currently has an average rating of “Hold” and an average price target of $9.19.

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

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