Senior Housing Properties Trust (NASDAQ:SNH) Rating Lowered to Hold at Zacks Investment Research

Senior Housing Properties Trust (NASDAQ:SNH) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday, 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. “

A number of other equities research analysts also recently commented on SNH. BidaskClub raised Senior Housing Properties Trust from a “hold” rating to a “buy” rating in a report on Friday, October 25th. ValuEngine downgraded Senior Housing Properties Trust from a “strong-buy” rating to a “buy” rating in a report on Friday, November 1st. Bank of America initiated coverage on Senior Housing Properties Trust in a report on Monday, October 14th. They issued an “underperform” rating for the company. Finally, Morgan Stanley initiated coverage on Senior Housing Properties Trust in a report on Friday, September 6th. They issued an “equal weight” rating and a $8.50 target price for the company. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.85.

Shares of SNH stock traded up $0.10 during trading hours on Wednesday, reaching $8.33. 2,041,700 shares of the stock were exchanged, compared to its average volume of 2,351,328. The company has a debt-to-equity ratio of 1.24, a current ratio of 2.41 and a quick ratio of 2.41. The business’s fifty day moving average is $9.35 and its two-hundred day moving average is $8.59. Senior Housing Properties Trust has a 12-month low of $7.49 and a 12-month high of $16.47. The firm has a market capitalization of $2.34 billion, a P/E ratio of 5.24, a P/E/G ratio of 1.86 and a beta of 0.60.

Senior Housing Properties Trust (NASDAQ:SNH) last issued its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported $0.34 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.27. Senior Housing Properties Trust had a negative return on equity of 4.45% and a negative net margin of 7.31%. The firm had revenue of $262.00 million during the quarter, compared to the consensus estimate of $256.11 million. During the same period last year, the company earned $0.52 earnings per share. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. As a group, equities research analysts predict that Senior Housing Properties Trust will post 1.32 earnings per share for the current fiscal year.

Several hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of Senior Housing Properties Trust by 16.4% in the third quarter. Quadrant Capital Group LLC now owns 8,921 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 1,258 shares in the last quarter. AGF Investments LLC increased its position in Senior Housing Properties Trust by 80.8% during the 2nd quarter. AGF Investments LLC now owns 3,066 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 1,370 shares in the last quarter. World Asset Management Inc increased its position in Senior Housing Properties Trust by 9.2% during the 2nd quarter. World Asset Management Inc now owns 16,506 shares of the real estate investment trust’s stock worth $137,000 after purchasing an additional 1,387 shares in the last quarter. Commerce Bank increased its position in Senior Housing Properties Trust by 13.3% during the 2nd quarter. Commerce Bank now owns 12,984 shares of the real estate investment trust’s stock worth $107,000 after purchasing an additional 1,527 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in Senior Housing Properties Trust by 1.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 96,603 shares of the real estate investment trust’s stock worth $799,000 after purchasing an additional 1,711 shares in the last quarter. Institutional investors and hedge funds own 72.83% 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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