Senior Housing Properties Trust (NASDAQ:SNH) Lowered to “Underperform” at Royal Bank of Canada

Royal Bank of Canada cut shares of Senior Housing Properties Trust (NASDAQ:SNH) from a sector perform rating to an underperform rating in a research note released on Tuesday, April 2nd, Stock Target Advisor reports. Royal Bank of Canada currently has $8.00 price objective on the real estate investment trust’s stock.

Other equities analysts have also issued reports about the company. Wells Fargo & Co raised Senior Housing Properties Trust from a market perform rating to an outperform rating in a report on Monday, December 3rd. Morgan Stanley set a $11.00 price target on shares of Senior Housing Properties Trust and gave the company a sell rating in a research note on Thursday, March 28th. BidaskClub downgraded shares of Senior Housing Properties Trust from a sell rating to a strong sell rating in a research note on Thursday, December 27th. ValuEngine raised shares of Senior Housing Properties Trust from a strong sell rating to a sell rating in a research note on Tuesday, January 29th. Finally, FBR & Co set a $24.00 price target on shares of Senior Housing Properties Trust and gave the company a buy rating in a research note on Thursday, December 20th. Six research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $14.40.

NASDAQ:SNH traded down $0.09 during trading hours on Tuesday, reaching $8.09. The company had a trading volume of 4,617,665 shares, compared to its average volume of 2,620,215. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 5.09, a PEG ratio of 2.62 and a beta of 0.84. Senior Housing Properties Trust has a twelve month low of $7.86 and a twelve month high of $19.17.

Senior Housing Properties Trust (NASDAQ:SNH) last issued its quarterly earnings data on Friday, March 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.11. Senior Housing Properties Trust had a net margin of 25.68% and a return on equity of 6.71%. The firm had revenue of $285.22 million during the quarter, compared to analysts’ expectations of $287.42 million. During the same period last year, the company earned $0.15 earnings per share. The business’s revenue was up 2.4% on a year-over-year basis. Equities analysts predict that Senior Housing Properties Trust will post 1.36 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 29th will be paid a $0.15 dividend. The ex-dividend date is Friday, April 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.42%. Senior Housing Properties Trust’s dividend payout ratio (DPR) is presently 98.11%.

Several institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. boosted its holdings in Senior Housing Properties Trust by 28.7% in the fourth 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 last quarter. Morgan Stanley lifted its holdings in shares of Senior Housing Properties Trust by 4.4% in the third quarter. Morgan Stanley now owns 7,046,976 shares of the real estate investment trust’s stock valued at $123,746,000 after purchasing an additional 297,136 shares in the last quarter. Old Port Advisors lifted its holdings in shares of Senior Housing Properties Trust by 8.6% in the first 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 in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Senior Housing Properties Trust by 5.5% in the third quarter. Belpointe Asset Management LLC now owns 22,910 shares of the real estate investment trust’s stock valued at $402,000 after purchasing an additional 1,196 shares in the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of Senior Housing Properties Trust by 2.0% in the fourth quarter. Prudential Financial Inc. now owns 2,781,554 shares of the real estate investment trust’s stock valued at $32,600,000 after purchasing an additional 54,561 shares in the last quarter. Hedge funds and other institutional investors own 71.88% 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.

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

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