New Mexico Educational Retirement Board Lowers Holdings in Senior Housing Properties Trust (SNH)

New Mexico Educational Retirement Board decreased its stake in Senior Housing Properties Trust (NASDAQ:SNH) by 13.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 48,100 shares of the real estate investment trust’s stock after selling 7,600 shares during the period. New Mexico Educational Retirement Board’s holdings in Senior Housing Properties Trust were worth $564,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in SNH. Mirae Asset Global Investments Co. Ltd. bought a new stake in Senior Housing Properties Trust in the third quarter worth about $15,145,000. BlackRock Inc. increased its stake in shares of Senior Housing Properties Trust by 2.7% in the third quarter. BlackRock Inc. now owns 27,748,965 shares of the real estate investment trust’s stock worth $487,273,000 after purchasing an additional 718,416 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Senior Housing Properties Trust by 42.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,938,131 shares of the real estate investment trust’s stock worth $34,035,000 after purchasing an additional 572,782 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Senior Housing Properties Trust by 48.8% in the third quarter. Renaissance Technologies LLC now owns 1,463,100 shares of the real estate investment trust’s stock worth $25,692,000 after purchasing an additional 479,700 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Senior Housing Properties Trust in the third quarter worth about $8,146,000. 72.52% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have recently weighed in on the stock. ValuEngine upgraded shares of Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, October 24th. Morgan Stanley downgraded shares of Senior Housing Properties Trust from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $17.00 to $15.00 in a research note on Monday, October 29th. B. Riley reduced their target price on shares of Senior Housing Properties Trust from $23.00 to $21.00 and set a “buy” rating for the company in a research note on Monday, November 12th. Zacks Investment Research upgraded shares of Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 2nd. Finally, Jefferies Financial Group downgraded shares of Senior Housing Properties Trust from a “hold” rating to an “underperform” rating in a research note on Friday, November 16th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. Senior Housing Properties Trust currently has a consensus rating of “Hold” and a consensus target price of $18.13.

Shares of NASDAQ:SNH opened at $14.07 on Friday. The company has a market cap of $3.34 billion, a P/E ratio of 8.91, a PEG ratio of 2.76 and a beta of 0.87. Senior Housing Properties Trust has a 12 month low of $11.13 and a 12 month high of $19.17. The company has a debt-to-equity ratio of 1.09, a current ratio of 4.49 and a quick ratio of 4.49.

Senior Housing Properties Trust (NASDAQ:SNH) last issued its quarterly earnings data on Tuesday, November 6th. The real estate investment trust reported $0.42 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.03). The firm had revenue of $279.00 million for the quarter, compared to analysts’ expectations of $279.10 million. Senior Housing Properties Trust had a net margin of 42.36% and a return on equity of 13.42%. Senior Housing Properties Trust’s revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. As a group, equities research analysts anticipate that Senior Housing Properties Trust will post 1.57 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 21st. Investors of record on Monday, January 28th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, January 25th. This represents a $1.56 annualized dividend and a yield of 11.09%. Senior Housing Properties Trust’s dividend payout ratio is currently 98.73%.

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

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