Somewhat Favorable News Coverage Somewhat Unlikely to Impact New Senior Investment Group (SNR) Stock Price
News stories about New Senior Investment Group (NYSE:SNR) have trended somewhat positive on Friday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New Senior Investment Group earned a news impact score of 0.20 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.1574764680398 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
SNR has been the subject of a number of recent analyst reports. BidaskClub lowered New Senior Investment Group from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Zacks Investment Research raised New Senior Investment Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $10.00 price objective on shares of New Senior Investment Group in a research note on Friday, July 14th. Finally, Compass Point lowered New Senior Investment Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $13.00 to $10.00 in a research note on Thursday, August 31st. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. New Senior Investment Group currently has a consensus rating of “Hold” and an average target price of $9.67.
New Senior Investment Group (SNR) traded down 1.52% during midday trading on Friday, hitting $9.10. The company had a trading volume of 113,309 shares. New Senior Investment Group has a 1-year low of $8.82 and a 1-year high of $10.97. The company has a 50 day moving average price of $9.26 and a 200 day moving average price of $9.81. The firm’s market capitalization is $747.55 million.
New Senior Investment Group (NYSE:SNR) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.01). New Senior Investment Group had a negative return on equity of 5.28% and a negative net margin of 6.41%. The firm had revenue of $114.29 million during the quarter, compared to analyst estimates of $114.70 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. Equities research analysts forecast that New Senior Investment Group will post ($0.64) earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 22nd. Investors of record on Friday, September 8th were issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 11.26%. The ex-dividend date was Thursday, September 7th. New Senior Investment Group’s payout ratio is -288.88%.
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About New Senior Investment Group
New Senior Investment Group Inc is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States. The Company operates through two segments: Managed Properties and Triple Net Lease Properties. As of December 31, 2016, the Company owned a diversified portfolio of 152 primarily private pay senior housing properties located across 37 states.
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