Pensionfund DSM Netherlands Decreases Stake in New Senior Investment Group Inc (SNR)

Pensionfund DSM Netherlands lowered its position in shares of New Senior Investment Group Inc (NYSE:SNR) by 56.9% in the first quarter, HoldingsChannel.com reports. The firm owned 53,000 shares of the real estate investment trust’s stock after selling 70,000 shares during the period. Pensionfund DSM Netherlands’ holdings in New Senior Investment Group were worth $289,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SNR. Quantamental Technologies LLC purchased a new position in New Senior Investment Group in the 4th quarter worth approximately $44,000. Two Sigma Securities LLC purchased a new position in New Senior Investment Group in the 4th quarter worth approximately $54,000. Great West Life Assurance Co. Can boosted its holdings in New Senior Investment Group by 14.1% in the 4th quarter. Great West Life Assurance Co. Can now owns 15,836 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 1,953 shares during the period. Pensionmark Financial Group LLC purchased a new position in New Senior Investment Group in the 4th quarter worth approximately $72,000. Finally, Virtu Financial LLC purchased a new position in New Senior Investment Group in the 4th quarter worth approximately $77,000. Institutional investors and hedge funds own 65.68% of the company’s stock.

A number of equities analysts have weighed in on the company. Morgan Stanley set a $5.00 price target on New Senior Investment Group and gave the stock a “hold” rating in a report on Thursday, March 28th. Zacks Investment Research cut New Senior Investment Group from a “hold” rating to a “sell” rating in a report on Friday, February 15th. Finally, ValuEngine cut New Senior Investment Group from a “hold” rating to a “sell” rating in a report on Thursday, February 28th.

NYSE SNR opened at $5.50 on Tuesday. The company has a market capitalization of $452.16 million, a price-to-earnings ratio of 9.65 and a beta of 1.00. New Senior Investment Group Inc has a fifty-two week low of $4.04 and a fifty-two week high of $8.89. The company has a debt-to-equity ratio of 6.67, a current ratio of 2.37 and a quick ratio of 2.37.

New Senior Investment Group (NYSE:SNR) last released its quarterly earnings results on Friday, February 22nd. The real estate investment trust reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.03. The firm had revenue of $118.47 million during the quarter. New Senior Investment Group had a negative return on equity of 41.28% and a negative net margin of 35.87%. As a group, sell-side analysts forecast that New Senior Investment Group Inc will post 0.53 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 22nd. Shareholders of record on Friday, March 8th were issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 9.45%. The ex-dividend date of this dividend was Thursday, March 7th. New Senior Investment Group’s dividend payout ratio is presently 91.23%.

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About New Senior Investment Group

New Senior Investment Group Inc (NYSE: SNR) is a publicly-traded real estate investment trust with a diversified portfolio of senior housing properties located across the United States. As of December 31, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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

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