Zacks Investment Research downgraded shares of Senior Housing Properties Trust (NASDAQ:SNH) from a hold rating to a strong sell rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Senior Housing Properties Trust is a healthcare Real Estate Investment Trust or REIT which owns senior living communities; office buildings leased to medical providers, medical related businesses, clinics, and biotech laboratory tenants; as well as wellness centers. “

SNH has been the subject of several other reports. BidaskClub cut shares of Senior Housing Properties Trust from a buy rating to a hold rating in a report on Wednesday, February 27th. ValuEngine cut shares of Senior Housing Properties Trust from a hold rating to a sell rating in a report on Monday, April 1st. Morgan Stanley set a $11.00 price target on shares of Senior Housing Properties Trust and gave the stock a sell rating in a report on Thursday, March 28th. Finally, FBR & Co set a $24.00 price target on shares of Senior Housing Properties Trust and gave the stock a buy rating in a report on Thursday, December 20th. Six equities research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $14.40.

Shares of NASDAQ:SNH traded down $0.15 on Wednesday, reaching $8.54. The company’s stock had a trading volume of 67,156 shares, compared to its average volume of 3,602,605. Senior Housing Properties Trust has a 52-week low of $8.65 and a 52-week high of $19.17. The company has a debt-to-equity ratio of 1.15, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of 5.42, a PEG ratio of 2.84 and a beta of 0.84.

Senior Housing Properties Trust (NASDAQ:SNH) last announced its earnings results on Friday, March 1st. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.11. Senior Housing Properties Trust had a net margin of 25.68% and a return on equity of 6.71%. The business had revenue of $285.22 million during the quarter, compared to analysts’ expectations of $287.42 million. During the same period in the prior year, the company earned $0.15 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. As a group, research analysts forecast that Senior Housing Properties Trust will post 1.5 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of SNH. Nordea Investment Management AB acquired a new position in Senior Housing Properties Trust during the fourth quarter worth about $26,000. Cutler Group LP grew its position in shares of Senior Housing Properties Trust by 161.5% in the fourth quarter. Cutler Group LP now owns 2,400 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 6,300 shares during the last quarter. Cedar Wealth Management LLC grew its position in shares of Senior Housing Properties Trust by 72.4% in the fourth quarter. Cedar Wealth Management LLC now owns 2,857 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,200 shares during the last quarter. Quantamental Technologies LLC acquired a new stake in shares of Senior Housing Properties Trust in the fourth quarter valued at approximately $57,000. Finally, Braun Bostich & Associates Inc. grew its position in shares of Senior Housing Properties Trust by 25.0% in the fourth quarter. Braun Bostich & Associates Inc. now owns 6,057 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 1,210 shares during the last quarter. Institutional investors own 71.83% of the company’s stock.

Senior Housing Properties Trust Company Profile

SNH is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), or RMR Inc, an alternative asset management company that is headquartered in Newton, MA.

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