Senior Housing Properties Trust (NASDAQ:SNH) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Senior Housing Properties Trust (NASDAQ:SNH) from a strong sell rating to a hold rating in a research note released on Tuesday morning, Zacks.com reports.

According to Zacks, “Senior Housing Properties Trust is a healthcare Real Estate Investment Trust or REIT which owns senior living communities; office buildings leased to medical providers, medical related businesses, clinics, and biotech laboratory tenants; as well as wellness centers. “

Other equities analysts have also issued reports about the company. B. Riley set a $14.00 price target on Senior Housing Properties Trust and gave the company a buy rating in a research note on Thursday, April 4th. Royal Bank of Canada lowered Senior Housing Properties Trust from a sector perform rating to an underperform rating and set a $8.00 price target on the stock. in a research note on Tuesday, April 2nd. Morgan Stanley set a $111.00 price target on Procter & Gamble and gave the company a buy rating in a research note on Thursday, March 28th. ValuEngine lowered Zumiez from a hold rating to a sell rating in a research note on Tuesday, July 2nd. Finally, BidaskClub lowered ZIX from a strong-buy rating to a buy rating in a research note on Tuesday, May 21st. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Senior Housing Properties Trust currently has a consensus rating of Hold and an average price target of $14.40.

Shares of SNH opened at $8.10 on Tuesday. Senior Housing Properties Trust has a 12-month low of $7.49 and a 12-month high of $19.17. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.20. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 5.09, a price-to-earnings-growth ratio of 1.57 and a beta of 0.65. The firm’s 50-day moving average price is $8.25.

Senior Housing Properties Trust (NASDAQ:SNH) last issued its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.01). Senior Housing Properties Trust had a net margin of 7.31% and a return on equity of 0.59%. The firm had revenue of $266.29 million for the quarter, compared to the consensus estimate of $268.21 million. During the same quarter in the prior year, the firm earned $0.99 earnings per share. The company’s revenue was down 3.4% on a year-over-year basis. On average, equities research analysts expect that Senior Housing Properties Trust will post 1.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 29th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $0.60 annualized dividend and a dividend yield of 7.41%. Senior Housing Properties Trust’s dividend payout ratio is currently 37.74%.

Hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. grew its stake in shares of Senior Housing Properties Trust by 28.7% in the 4th quarter. Macquarie Group Ltd. now owns 278,930 shares of the real estate investment trust’s stock valued at $3,269,000 after purchasing an additional 62,130 shares during the period. Old Port Advisors grew its stake in shares of Senior Housing Properties Trust by 8.6% in the 1st quarter. Old Port Advisors now owns 126,712 shares of the real estate investment trust’s stock valued at $1,493,000 after purchasing an additional 10,046 shares during the period. First Trust Advisors LP grew its stake in shares of Senior Housing Properties Trust by 24.8% in the 1st quarter. First Trust Advisors LP now owns 957,879 shares of the real estate investment trust’s stock valued at $11,284,000 after purchasing an additional 190,404 shares during the period. Millennium Management LLC grew its stake in shares of Senior Housing Properties Trust by 99.0% in the 4th quarter. Millennium Management LLC now owns 1,640,830 shares of the real estate investment trust’s stock valued at $19,231,000 after purchasing an additional 816,414 shares during the period. Finally, Commonwealth Bank of Australia grew its stake in shares of Senior Housing Properties Trust by 11.1% in the 4th quarter. Commonwealth Bank of Australia now owns 32,900 shares of the real estate investment trust’s stock valued at $385,000 after purchasing an additional 3,300 shares during the period. Institutional investors own 71.11% of the company’s stock.

Senior Housing Properties Trust Company Profile

SNH is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities 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.

Featured Story: What does a hold rating mean?

Get a free copy of the Zacks research report on Senior Housing Properties Trust (SNH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Senior Housing Properties Trust (NASDAQ:SNH)

Receive News & Ratings for Senior Housing Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Senior Housing Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.