State Treasurer State of Michigan reduced its holdings in shares of Senior Housing Properties Trust (NYSE:SNH) by 8.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 89,300 shares of the company’s stock after selling 8,600 shares during the period. State Treasurer State of Michigan’s holdings in Senior Housing Properties Trust were worth $1,746,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SNH. JPMorgan Chase & Co. raised its position in Senior Housing Properties Trust by 58.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,728,923 shares of the company’s stock valued at $117,099,000 after purchasing an additional 2,121,030 shares in the last quarter. LSV Asset Management raised its position in Senior Housing Properties Trust by 11.4% during the 2nd quarter. LSV Asset Management now owns 9,219,850 shares of the company’s stock valued at $188,453,000 after purchasing an additional 946,324 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Senior Housing Properties Trust by 18.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 4,672,493 shares of the company’s stock valued at $95,506,000 after purchasing an additional 733,975 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Senior Housing Properties Trust by 55.6% during the 2nd quarter. Goldman Sachs Group Inc. now owns 2,018,763 shares of the company’s stock valued at $41,263,000 after purchasing an additional 720,980 shares in the last quarter. Finally, Balyasny Asset Management LLC raised its position in Senior Housing Properties Trust by 2,239.1% during the 2nd quarter. Balyasny Asset Management LLC now owns 636,245 shares of the company’s stock valued at $13,005,000 after purchasing an additional 609,045 shares in the last quarter.

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A number of brokerages have weighed in on SNH. Robert W. Baird reaffirmed a “hold” rating and set a $21.00 target price on shares of Senior Housing Properties Trust in a research report on Friday. BidaskClub lowered Senior Housing Properties Trust from a “sell” rating to a “strong sell” rating in a research report on Friday, October 27th. Zacks Investment Research lowered Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 19th. Jefferies Group LLC reaffirmed a “hold” rating and set a $20.00 target price on shares of Senior Housing Properties Trust in a research report on Tuesday, October 3rd. Finally, UBS AG decreased their target price on Senior Housing Properties Trust from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, October 2nd. Three analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Senior Housing Properties Trust currently has an average rating of “Hold” and an average target price of $21.07.

Senior Housing Properties Trust (NYSE:SNH) opened at $18.56 on Friday.

Senior Housing Properties Trust (NYSE:SNH) last released its quarterly earnings results on Thursday, August 3rd. The company reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.01). The company had revenue of $265.01 million during the quarter, compared to the consensus estimate of $260.72 million. Senior Housing Properties Trust had a return on equity of 2.01% and a net margin of 6.43%. The company’s revenue was up 1.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 16th. Stockholders of record on Monday, October 23rd will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 8.41%. The ex-dividend date of this dividend is Friday, October 20th.

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.

Institutional Ownership by Quarter for Senior Housing Properties Trust (NYSE:SNH)

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