New Senior Investment Group (NYSE:SNR) announced its quarterly earnings data on Friday. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.28, Bloomberg Earnings reports. The company had revenue of $106.90 million for the quarter, compared to the consensus estimate of $106.00 million. New Senior Investment Group had a negative return on equity of 4.49% and a negative net margin of 5.25%. The firm’s revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS.
New Senior Investment Group (NYSE:SNR) traded up $0.87 during mid-day trading on Friday, reaching $7.84. The company had a trading volume of 3,460,000 shares, compared to its average volume of 767,561. New Senior Investment Group has a fifty-two week low of $6.77 and a fifty-two week high of $10.82. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 4.23. The firm has a market cap of $644.05, a P/E ratio of -27.03 and a beta of 0.80.
A number of research analysts have recently issued reports on SNR shares. Morgan Stanley dropped their price objective on New Senior Investment Group from $9.00 to $8.00 and set an “underweight” rating on the stock in a research note on Thursday, December 14th. Zacks Investment Research raised New Senior Investment Group from a “strong sell” rating to a “hold” rating in a research note on Saturday, December 16th. Finally, ValuEngine downgraded New Senior Investment Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $9.00.
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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.
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