Senior Housing Properties Trust (SNH) Downgraded by BidaskClub to “Sell”
BidaskClub cut shares of Senior Housing Properties Trust (NASDAQ:SNH) from a hold rating to a sell rating in a research note issued to investors on Thursday morning.
Other research analysts also recently issued reports about the company. B. Riley reissued a buy rating on shares of Senior Housing Properties Trust in a research note on Wednesday, November 1st. ValuEngine raised Senior Housing Properties Trust from a hold rating to a buy rating in a research note on Monday, October 2nd. Morgan Stanley boosted their price objective on Senior Housing Properties Trust from $18.50 to $19.50 and gave the company an equal weight rating in a research note on Monday, September 25th. Robert W. Baird reaffirmed a hold rating and issued a $21.00 target price on shares of Senior Housing Properties Trust in a research report on Friday, November 3rd. Finally, Royal Bank Of Canada reaffirmed a hold rating and issued a $20.00 target price on shares of Senior Housing Properties Trust in a research report on Wednesday, September 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $21.31.
Senior Housing Properties Trust (SNH) opened at $19.06 on Thursday. The company has a market capitalization of $4,530.00, a PE ratio of 10.36, a price-to-earnings-growth ratio of 3.43 and a beta of 0.48. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 1.08. Senior Housing Properties Trust has a twelve month low of $17.14 and a twelve month high of $22.52.
Senior Housing Properties Trust (NASDAQ:SNH) last announced its quarterly earnings data on Thursday, November 9th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The business had revenue of $266.68 million during the quarter, compared to analyst estimates of $266.23 million. Senior Housing Properties Trust had a net margin of 11.72% and a return on equity of 3.79%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. equities analysts anticipate that Senior Housing Properties Trust will post 1.78 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 16th. Shareholders of record on Monday, October 23rd were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 8.18%. The ex-dividend date was Friday, October 20th. Senior Housing Properties Trust’s dividend payout ratio is currently 294.34%.
Institutional investors and hedge funds have recently modified their holdings of the business. Cetera Advisors LLC increased its holdings in Senior Housing Properties Trust by 30.8% during the 3rd quarter. Cetera Advisors LLC now owns 13,047 shares of the real estate investment trust’s stock worth $254,000 after purchasing an additional 3,070 shares in the last quarter. Belpointe Asset Management LLC bought a new position in shares of Senior Housing Properties Trust in the third quarter valued at approximately $436,000. Lido Advisors LLC grew its holdings in shares of Senior Housing Properties Trust by 214.8% in the third quarter. Lido Advisors LLC now owns 47,629 shares of the real estate investment trust’s stock valued at $876,000 after acquiring an additional 32,500 shares in the last quarter. Alyeska Investment Group L.P. bought a new position in shares of Senior Housing Properties Trust in the third quarter valued at approximately $1,063,000. Finally, Eii Capital Management Inc. bought a new position in shares of Senior Housing Properties Trust in the third quarter valued at approximately $1,156,000. 73.80% of the stock is owned by hedge funds and other institutional investors.
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Senior Housing Properties Trust Company Profile
Senior Housing Properties Trust is a real estate investment trust (REIT). The Company’s segments include triple net senior living communities that provide short term and long term residential care and other services for residents; managed senior living communities that provide short term and long term residential care and other services for residents; properties leased to medical providers, medical related businesses, clinics and biotech laboratory tenants (MOBs), and all other, including certain properties that offer wellness, fitness and spa services to members.
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