Senior Housing Properties Trust (NYSE:SNH) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.

According to Zacks, “Senior Housing Properties Trust is a Maryland real estate investment trust that invests in senior housing income producing real estate, including senior apartments and assisted living, congregate care and nursing home properties. Senior apartments are marketed to residents who are generally capable of caring for themselves. Residence is generally restricted on the basis of age. Purpose built properties may have special function rooms, concierge services, high levels of security and centralized call buttons for emergency use. “

Several other research analysts have also recently commented on SNH. Royal Bank Of Canada restated a “hold” rating and issued a $22.00 target price on shares of Senior Housing Properties Trust in a research report on Monday, July 24th. FBR & Co restated a “buy” rating on shares of Senior Housing Properties Trust in a research report on Monday, May 8th. Cantor Fitzgerald restated a “buy” rating and issued a $24.00 target price on shares of Senior Housing Properties Trust in a research report on Friday, June 9th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $21.00 target price on shares of Senior Housing Properties Trust in a research report on Friday, May 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Senior Housing Properties Trust has a consensus rating of “Hold” and an average price target of $22.20.

Shares of Senior Housing Properties Trust (NYSE:SNH) opened at 19.60 on Thursday. Senior Housing Properties Trust has a 1-year low of $17.14 and a 1-year high of $23.85.

Senior Housing Properties Trust (NYSE:SNH) last released its quarterly earnings data on Thursday, August 3rd. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.45 by $0.01. The business had revenue of $265.01 million for the quarter, compared to analyst estimates of $260.72 million. Senior Housing Properties Trust had a return on equity of 2.01% and a net margin of 6.43%. Senior Housing Properties Trust’s revenue was up 1.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 EPS. On average, equities research analysts expect that Senior Housing Properties Trust will post $0.61 earnings per share for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in SNH. Schroder Investment Management Group acquired a new stake in Senior Housing Properties Trust during the second quarter valued at approximately $107,000. Invictus RG acquired a new stake in Senior Housing Properties Trust during the first quarter valued at approximately $128,000. Ffcm LLC raised its stake in Senior Housing Properties Trust by 112.7% in the second quarter. Ffcm LLC now owns 7,661 shares of the company’s stock valued at $158,000 after buying an additional 4,060 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new stake in Senior Housing Properties Trust during the second quarter valued at approximately $205,000. Finally, Cetera Investment Advisers acquired a new stake in Senior Housing Properties Trust during the second quarter valued at approximately $205,000.

About Senior Housing Properties Trust

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.

Analyst Recommendations for Senior Housing Properties Trust (NYSE:SNH)

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