Zacks Investment Research upgraded shares of Senior Housing Properties Trust (NYSE:SNH) from a sell rating to a hold rating in a research note issued to investors on Tuesday.

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. “

A number of other analysts have also recently commented on the stock. Morgan Stanley boosted their target price on shares of Senior Housing Properties Trust from $18.50 to $19.50 and gave the stock an equal weight rating in a research note on Monday, September 25th. Royal Bank Of Canada reissued a hold rating and set a $20.00 target price on shares of Senior Housing Properties Trust in a research note on Wednesday, September 13th. BidaskClub raised shares of Senior Housing Properties Trust from a hold rating to a buy rating in a research note on Wednesday, September 6th. FBR & Co reissued a buy rating and set a $24.00 target price on shares of Senior Housing Properties Trust in a research note on Friday, June 30th. Finally, Cantor Fitzgerald reissued a buy rating and set a $24.00 target price on shares of Senior Housing Properties Trust in a research note on Friday, June 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $21.42.

Senior Housing Properties Trust (NYSE SNH) opened at 19.55 on Tuesday. Senior Housing Properties Trust has a one year low of $17.14 and a one year high of $23.67.

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 analysts’ consensus estimates of $0.45 by ($0.01). The firm had revenue of $265.01 million during the quarter, compared to analysts’ expectations of $260.72 million. Senior Housing Properties Trust had a net margin of 6.43% and a return on equity of 2.01%. The firm’s quarterly revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS. On average, equities research analysts forecast that Senior Housing Properties Trust will post $0.61 EPS for the current year.

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A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Senior Housing Properties Trust by 5.1% during the first quarter. Vanguard Group Inc. now owns 41,184,214 shares of the company’s stock worth $833,981,000 after acquiring an additional 2,017,007 shares during the last quarter. BlackRock Inc. boosted its position in Senior Housing Properties Trust by 5,222.5% during the first quarter. BlackRock Inc. now owns 24,977,660 shares of the company’s stock worth $505,798,000 after acquiring an additional 24,508,377 shares during the last quarter. State Street Corp boosted its position in Senior Housing Properties Trust by 0.3% during the first quarter. State Street Corp now owns 10,522,293 shares of the company’s stock worth $213,077,000 after acquiring an additional 33,747 shares during the last quarter. LSV Asset Management boosted its position in Senior Housing Properties Trust by 11.4% during the second quarter. LSV Asset Management now owns 9,219,850 shares of the company’s stock worth $188,453,000 after acquiring an additional 946,324 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in Senior Housing Properties Trust by 3.4% during the second quarter. Principal Financial Group Inc. now owns 7,161,923 shares of the company’s stock worth $146,390,000 after acquiring an additional 236,699 shares during the last quarter.

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.

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

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