New Senior Investment Group (NYSE:SNR) Issues FY 2019 Earnings Guidance

New Senior Investment Group (NYSE:SNR) issued an update on its FY 2019 earnings guidance on Friday morning. The company provided EPS guidance of $0.52-0.57 for the period.

SNR traded down $0.10 on Friday, hitting $6.97. 415,319 shares of the company’s stock were exchanged, compared to its average volume of 363,613. New Senior Investment Group has a fifty-two week low of $4.04 and a fifty-two week high of $7.26. The company has a debt-to-equity ratio of 7.22, a quick ratio of 1.55 and a current ratio of 1.55. The firm’s 50-day simple moving average is $6.87. The company has a market capitalization of $586.88 million, a PE ratio of 12.23 and a beta of 0.72.

New Senior Investment Group (NYSE:SNR) last announced its earnings results on Friday, May 3rd. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.03. New Senior Investment Group had a negative net margin of 33.97% and a negative return on equity of 47.15%. The company had revenue of $117.62 million for the quarter. As a group, equities research analysts forecast that New Senior Investment Group will post 0.55 EPS for the current fiscal year.

SNR has been the topic of several recent research reports. ValuEngine cut shares of New Senior Investment Group from a buy rating to a hold rating in a research note on Thursday. Robert W. Baird assumed coverage on shares of New Senior Investment Group in a research note on Friday, May 31st. They set a neutral rating and a $7.00 target price on the stock. Finally, BTIG Research assumed coverage on New Senior Investment Group in a report on Tuesday, July 16th. They set a buy rating and a $8.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $6.67.

New Senior Investment Group Company Profile

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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