BTC Capital Management Inc. boosted its position in New Senior Investment Group (NYSE:SNR) by 160.6% in the first quarter, HoldingsChannel reports. The firm owned 26,595 shares of the real estate investment trust’s stock after purchasing an additional 16,388 shares during the quarter. BTC Capital Management Inc.’s holdings in New Senior Investment Group were worth $217,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Northern Trust Corp increased its holdings in New Senior Investment Group by 6.7% in the 1st quarter. Northern Trust Corp now owns 1,470,220 shares of the real estate investment trust’s stock worth $12,027,000 after purchasing an additional 91,777 shares in the last quarter. WESPAC Advisors LLC increased its holdings in New Senior Investment Group by 30.5% in the 1st quarter. WESPAC Advisors LLC now owns 108,535 shares of the real estate investment trust’s stock worth $888,000 after purchasing an additional 25,381 shares in the last quarter. Teachers Insurance & Annuity Association of America acquired a new position in New Senior Investment Group in the 1st quarter worth about $887,000. Thompson Siegel & Walmsley LLC increased its holdings in New Senior Investment Group by 45.3% in the 1st quarter. Thompson Siegel & Walmsley LLC now owns 77,150 shares of the real estate investment trust’s stock worth $631,000 after purchasing an additional 24,071 shares in the last quarter. Finally, Aperio Group LLC increased its holdings in New Senior Investment Group by 52.6% in the 1st quarter. Aperio Group LLC now owns 45,674 shares of the real estate investment trust’s stock worth $374,000 after purchasing an additional 15,749 shares in the last quarter. 68.94% of the stock is owned by institutional investors and hedge funds.
Get New Senior Investment Group alerts:SNR has been the subject of a number of recent research reports. Zacks Investment Research raised New Senior Investment Group from a “hold” rating to a “buy” rating and set a $9.00 target price for the company in a report on Wednesday, March 21st. ValuEngine cut New Senior Investment Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 7th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of New Senior Investment Group in a report on Monday. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $9.31.
Shares of SNR stock opened at $7.81 on Thursday. The stock has a market capitalization of $625.15 million, a PE ratio of 6.85 and a beta of 0.61. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 4.04. New Senior Investment Group has a 1-year low of $6.77 and a 1-year high of $10.57.
New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings results on Thursday, May 10th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.40). The company had revenue of $99.22 million during the quarter, compared to analyst estimates of $98.69 million. New Senior Investment Group had a net margin of 2.02% and a return on equity of 1.75%. The company’s quarterly revenue was down 13.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.30 EPS. research analysts predict that New Senior Investment Group will post 1.01 earnings per share for the current year.
About New Senior Investment Group
New Senior Investment Group (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. As of December 31, 2017, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.
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