Levin Capital Strategies L.P. Has $11.248 Million Stake in New Senior Investment Group Inc (SNR)

Levin Capital Strategies L.P. lowered its position in New Senior Investment Group Inc (NYSE:SNR) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,102,723 shares of the real estate investment trust’s stock after selling 6,837 shares during the period. Levin Capital Strategies L.P. owned 1.34% of New Senior Investment Group worth $11,248,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Century Capital Management LLC acquired a new position in New Senior Investment Group during the first quarter worth approximately $1,674,000. Rational Advisors LLC acquired a new position in New Senior Investment Group during the first quarter worth approximately $2,049,000. Ameriprise Financial Inc. acquired a new position in New Senior Investment Group during the first quarter worth approximately $1,215,000. Karp Capital Management Corp acquired a new position in New Senior Investment Group during the first quarter worth approximately $194,000. Finally, UBS Asset Management Americas Inc. increased its position in New Senior Investment Group by 25.3% in the first quarter. UBS Asset Management Americas Inc. now owns 141,972 shares of the real estate investment trust’s stock worth $1,448,000 after buying an additional 28,630 shares during the last quarter. 72.99% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

New Senior Investment Group Inc (NYSE:SNR) remained flat at $9.82 during trading on Friday. The stock had a trading volume of 435,802 shares. The company’s 50 day moving average price is $10.23 and its 200-day moving average price is $10.08. The firm’s market capitalization is $806.62 million. New Senior Investment Group Inc has a one year low of $9.02 and a one year high of $12.68.

New Senior Investment Group (NYSE:SNR) last released its quarterly earnings results on Thursday, May 4th. The real estate investment trust reported ($0.12) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by $0.43. New Senior Investment Group had a negative net margin of 19.32% and a negative return on equity of 13.51%. The business had revenue of $114.97 million during the quarter, compared to analyst estimates of $118.45 million. During the same quarter last year, the company posted $0.32 earnings per share. The company’s revenue was down 2.5% on a year-over-year basis. Equities analysts forecast that New Senior Investment Group Inc will post ($0.76) EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 22nd. Investors of record on Thursday, June 8th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Tuesday, June 6th. This represents a $1.04 annualized dividend and a dividend yield of 10.59%. New Senior Investment Group’s dividend payout ratio (DPR) is presently -94.54%.

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A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of New Senior Investment Group from a “hold” rating to a “strong sell” rating in a report on Tuesday. Canaccord Genuity reaffirmed a “buy” rating on shares of New Senior Investment Group in a report on Monday. Stifel Nicolaus reduced their price objective on shares of New Senior Investment Group from $11.00 to $10.00 and set a “hold” rating for the company in a report on Friday, May 12th. Finally, Morgan Stanley assumed coverage on shares of New Senior Investment Group in a report on Monday, March 20th. They set an “underweight” rating and a $9.00 price objective for the company. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $12.13.

New Senior Investment Group Company Profile

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.

12 Month Chart for NYSE:SNR

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