Asset Management One Co. Ltd. Cuts Holdings in New Senior Investment Group Inc. (SNR)

Asset Management One Co. Ltd. decreased its position in New Senior Investment Group Inc. (NYSE:SNR) by 6.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 172,517 shares of the real estate investment trust’s stock after selling 12,693 shares during the period. Asset Management One Co. Ltd. owned about 0.21% of New Senior Investment Group worth $1,583,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in New Senior Investment Group by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 13,504,924 shares of the real estate investment trust’s stock valued at $135,724,000 after acquiring an additional 180,288 shares in the last quarter. State Street Corp lifted its stake in New Senior Investment Group by 1.6% in the 2nd quarter. State Street Corp now owns 1,919,581 shares of the real estate investment trust’s stock valued at $19,287,000 after acquiring an additional 30,977 shares in the last quarter. Renaissance Technologies LLC lifted its stake in New Senior Investment Group by 39.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,754,900 shares of the real estate investment trust’s stock valued at $17,637,000 after acquiring an additional 494,200 shares in the last quarter. Northern Trust Corp lifted its stake in New Senior Investment Group by 9.0% in the 2nd quarter. Northern Trust Corp now owns 1,377,951 shares of the real estate investment trust’s stock valued at $13,849,000 after acquiring an additional 113,669 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of New Senior Investment Group by 5.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,176,883 shares of the real estate investment trust’s stock worth $10,769,000 after purchasing an additional 56,372 shares during the last quarter. Hedge funds and other institutional investors own 67.25% of the company’s stock.

Several research analysts have weighed in on the company. Compass Point lowered New Senior Investment Group from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $13.00 to $10.00 in a research report on Thursday, August 31st. Zacks Investment Research raised New Senior Investment Group from a “strong sell” rating to a “hold” rating in a research report on Saturday, December 16th. Finally, Morgan Stanley lowered their price target on New Senior Investment Group from $9.00 to $8.00 and set an “underweight” rating on the stock in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.33.

New Senior Investment Group Inc. (NYSE:SNR) opened at $7.63 on Thursday. The firm has a market capitalization of $629.26, a P/E ratio of 6.55 and a beta of 0.86. New Senior Investment Group Inc. has a 1 year low of $7.62 and a 1 year high of $10.82. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.82 and a current ratio of 1.82.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 13.63%. The ex-dividend date of this dividend is Thursday, December 7th. New Senior Investment Group’s dividend payout ratio (DPR) is -358.61%.

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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.

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

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