Senior Housing Properties Trust (NASDAQ:SNH) Expected to Announce Quarterly Sales of $257.93 Million

Brokerages expect Senior Housing Properties Trust (NASDAQ:SNH) to report $257.93 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Senior Housing Properties Trust’s earnings. The lowest sales estimate is $255.66 million and the highest is $259.60 million. Senior Housing Properties Trust posted sales of $277.25 million in the same quarter last year, which indicates a negative year-over-year growth rate of 7%. The firm is scheduled to report its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that Senior Housing Properties Trust will report full year sales of $1.02 billion for the current fiscal year, with estimates ranging from $998.16 million to $1.04 billion. For the next financial year, analysts anticipate that the business will report sales of $1.71 billion, with estimates ranging from $1.67 billion to $1.75 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Senior Housing Properties Trust.

Senior Housing Properties Trust (NASDAQ:SNH) last released its 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). The firm had revenue of $266.29 million during the quarter, compared to analyst estimates of $268.21 million. Senior Housing Properties Trust had a net margin of 7.31% and a return on equity of 0.59%. Senior Housing Properties Trust’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.99 earnings per share.

A number of research firms have weighed in on SNH. B. Riley set a $14.00 target price on shares of Senior Housing Properties Trust and gave the stock a “buy” rating in a research note on Thursday, April 4th. Zacks Investment Research upgraded shares of Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, June 13th. BidaskClub downgraded shares of Senior Housing Properties Trust from a “sell” rating to a “strong sell” rating in a research note on Friday, April 5th. Royal Bank of Canada cut shares of Senior Housing Properties Trust from a “sector perform” rating to an “underperform” rating and set a $8.00 price objective for the company. in a research report on Tuesday, April 2nd. Finally, ValuEngine cut shares of Senior Housing Properties Trust from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 9th. Six research analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $14.40.

Shares of NASDAQ:SNH traded up $0.33 during trading on Thursday, reaching $8.40. 3,926,297 shares of the company’s stock traded hands, compared to its average volume of 2,828,736. Senior Housing Properties Trust has a fifty-two week low of $7.49 and a fifty-two week high of $19.17. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.20. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 5.18, a PEG ratio of 1.55 and a beta of 0.65. The stock has a 50-day simple moving average of $8.06.

Large investors have recently modified their holdings of the stock. Pensionfund Sabic increased its position in shares of Senior Housing Properties Trust by 35.7% in the second quarter. Pensionfund Sabic now owns 76,100 shares of the real estate investment trust’s stock worth $629,000 after acquiring an additional 20,000 shares in the last quarter. Pensionfund DSM Netherlands increased its position in shares of Senior Housing Properties Trust by 33.5% in the second quarter. Pensionfund DSM Netherlands now owns 199,100 shares of the real estate investment trust’s stock worth $1,647,000 after acquiring an additional 50,000 shares in the last quarter. First Trust Advisors LP increased its position in shares of Senior Housing Properties Trust by 24.8% in the first quarter. First Trust Advisors LP now owns 957,879 shares of the real estate investment trust’s stock worth $11,284,000 after acquiring an additional 190,404 shares in the last quarter. FMR LLC increased its position in shares of Senior Housing Properties Trust by 8.9% in the first quarter. FMR LLC now owns 2,911,571 shares of the real estate investment trust’s stock worth $34,298,000 after acquiring an additional 237,216 shares in the last quarter. Finally, B. Riley Wealth Management Inc. purchased a new position in shares of Senior Housing Properties Trust in the first quarter worth approximately $322,000. Hedge funds and other 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.

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Earnings History and Estimates for Senior Housing Properties Trust (NASDAQ:SNH)

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