Senior Housing Properties Trust (SNH) Shares Bought by Sumitomo Mitsui Trust Holdings Inc.

Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Senior Housing Properties Trust (NASDAQ:SNH) by 5.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 233,349 shares of the real estate investment trust’s stock after purchasing an additional 11,346 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.10% of Senior Housing Properties Trust worth $3,654,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Certified Advisory Corp acquired a new position in Senior Housing Properties Trust during the 4th quarter worth approximately $100,000. Mycio Wealth Partners LLC acquired a new position in Senior Housing Properties Trust in the 4th quarter valued at approximately $199,000. Greenleaf Trust acquired a new position in Senior Housing Properties Trust in the 4th quarter valued at approximately $219,000. Jane Street Group LLC acquired a new position in Senior Housing Properties Trust in the 4th quarter valued at approximately $220,000. Finally, ETRADE Capital Management LLC acquired a new position in Senior Housing Properties Trust in the 4th quarter valued at approximately $229,000. Institutional investors and hedge funds own 75.64% of the company’s stock.

SNH opened at $16.03 on Friday. Senior Housing Properties Trust has a twelve month low of $16.12 and a twelve month high of $16.24. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 1.07. The firm has a market cap of $3.82 billion, a PE ratio of 10.15, a PEG ratio of 2.45 and a beta of 0.39.

Senior Housing Properties Trust (NASDAQ:SNH) last posted its quarterly earnings data on Wednesday, May 9th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.45. Senior Housing Properties Trust had a net margin of 32.36% and a return on equity of 10.55%. The company had revenue of $275.80 million during the quarter, compared to analysts’ expectations of $271.43 million. During the same period in the prior year, the company posted $0.46 earnings per share. Senior Housing Properties Trust’s revenue for the quarter was up 4.2% compared to the same quarter last year. research analysts anticipate that Senior Housing Properties Trust will post 1.73 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 17th. Stockholders of record on Monday, April 30th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 9.73%. The ex-dividend date of this dividend was Friday, April 27th. Senior Housing Properties Trust’s dividend payout ratio (DPR) is presently 98.73%.

Several brokerages have issued reports on SNH. ValuEngine cut shares of Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. B. Riley set a $22.00 price target on shares of Senior Housing Properties Trust and gave the company a “buy” rating in a research report on Wednesday, May 9th. Zacks Investment Research cut shares of Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. BidaskClub upgraded shares of Senior Housing Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, Cantor Fitzgerald decreased their price target on shares of Senior Housing Properties Trust from $24.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, February 28th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $19.45.

Senior Housing Properties Trust Company Profile

SNH is a real estate investment trust, or REIT, which owns senior living communities, medical office and life science properties and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), or RMR Inc, an alternative asset management company that is headquartered in Newton, MA.

Institutional Ownership by Quarter for Senior Housing Properties Trust (NASDAQ:SNH)

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