New Senior Investment Group Inc (SNR) Stake Lifted by LSV Asset Management

LSV Asset Management raised its position in New Senior Investment Group Inc (NYSE:SNR) by 13.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,247,691 shares of the real estate investment trust’s stock after purchasing an additional 267,700 shares during the period. LSV Asset Management’s holdings in New Senior Investment Group were worth $16,992,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Prudential Financial Inc. increased its stake in shares of New Senior Investment Group by 67.3% in the 3rd quarter. Prudential Financial Inc. now owns 532,463 shares of the real estate investment trust’s stock valued at $4,872,000 after acquiring an additional 214,230 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of New Senior Investment Group by 152.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 269,767 shares of the real estate investment trust’s stock valued at $2,468,000 after acquiring an additional 163,055 shares in the last quarter. Ranger Global Real Estate Advisors LLC increased its stake in shares of New Senior Investment Group by 4.9% in the 3rd quarter. Ranger Global Real Estate Advisors LLC now owns 535,569 shares of the real estate investment trust’s stock valued at $4,900,000 after acquiring an additional 25,000 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of New Senior Investment Group by 48.7% in the 2nd quarter. Nationwide Fund Advisors now owns 67,414 shares of the real estate investment trust’s stock valued at $678,000 after acquiring an additional 22,090 shares in the last quarter. Finally, State Street Corp increased its stake in shares of 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. Institutional investors own 67.40% of the company’s stock.

Several research firms have recently weighed in on SNR. Zacks Investment Research lowered shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine lowered shares of New Senior Investment Group from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Morgan Stanley lowered their price objective on shares of New Senior Investment Group from $9.00 to $8.00 and set an “underweight” rating for the company in a research note on Thursday, December 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. New Senior Investment Group presently has a consensus rating of “Hold” and a consensus target price of $9.19.

Shares of New Senior Investment Group Inc (SNR) opened at $7.03 on Friday. The firm has a market cap of $593.11, a price-to-earnings ratio of 6.17 and a beta of 0.84. The company has a debt-to-equity ratio of 4.23, a current ratio of 1.82 and a quick ratio of 1.82. New Senior Investment Group Inc has a one year low of $7.02 and a one year high of $10.82.

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New Senior Investment Group 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.

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

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