New Senior Investment Group (NYSE:SNR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Friday. The brokerage presently has a $8.75 price target on the real estate investment trust’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 15.74% from the company’s previous close.

According to Zacks, “New Senior Investment Group Inc. is a real estate investment trust focused on investing in senior housing properties across the United States. It operates in two reportable segments: Managed Properties and Triple Net Lease Properties. The Company’s managed portfolio includes assisted living, memory care and independent living properties. Its triple net lease portfolio includes assisted living, memory care, independent living and continuing care retirement communities. New Senior Investment Group Inc. is based in United States. “

Separately, Morgan Stanley dropped their price target on shares of New Senior Investment Group from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, December 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $9.19.

New Senior Investment Group (NYSE SNR) traded down $0.03 during trading on Friday, reaching $7.56. 518,169 shares of the company traded hands, compared to its average volume of 740,083. New Senior Investment Group has a 12-month low of $7.44 and a 12-month high of $10.82. The stock has a market cap of $621.05, a P/E ratio of -26.07 and a beta of 0.86. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.82 and a quick ratio of 1.82.

Several institutional investors and hedge funds have recently added to or reduced their stakes in SNR. Legal & General Group Plc increased its position in shares of New Senior Investment Group by 2.0% in the 2nd quarter. Legal & General Group Plc now owns 192,756 shares of the real estate investment trust’s stock worth $1,937,000 after purchasing an additional 3,702 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of New Senior Investment Group by 29.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 39,339 shares of the real estate investment trust’s stock worth $395,000 after purchasing an additional 9,004 shares during the last quarter. American Century Companies Inc. bought a new stake in shares of New Senior Investment Group in the 2nd quarter worth about $2,558,000. Prudential Financial Inc. increased its position in shares of New Senior Investment Group by 79.6% in the 2nd quarter. Prudential Financial Inc. now owns 318,233 shares of the real estate investment trust’s stock worth $3,198,000 after purchasing an additional 141,010 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of New Senior Investment Group in the 2nd quarter worth about $113,000. 67.25% of the stock is owned by institutional investors.

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New Senior Investment Group Company Profile

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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