BidaskClub Downgrades Senior Housing Properties Trust (NASDAQ:SNH) to Sell

Author

15 July, 2017

The present value of the firm in the stock market is $4.75B. While looking the figure depicted by the Price to Earning we can suggest that the shares of Senior Housing Properties Trust (SNH) are overvalued. They noted that the move was a valuation call. Jefferies Group LLC reiterated a "hold" rating and issued a $21.00 price target on shares of Senior Housing Properties Trust in a report on Friday, May 12th. The company has managed to keep price to sales ratio of 0.94 against an industry average of 4.04. Cantor Fitzgerald reiterated a "buy" rating and set a $24.00 target price on shares of Senior Housing Properties Trust in a research report on Friday, June 9th.

With all other things going on, Senior Housing Properties Trust (NASDAQ:SNH) has been on a free fall - declining -9.51 percent in just three months. Senior Housing Properties Trust (SNH) shares have been seen trading -18.70% off its 52 week- peak value and changed 13.13% from its 52 week-bottom price value.

Senior Housing Properties Trust (NYSE:SNH) last issued its quarterly earnings results on Friday, May 5th. A total volume of 2.23 million shares were traded versus to average volume of 1.65 million shares. The business had revenue of $264.56 million for the quarter, compared to the consensus estimate of $266.02 million. Properties in triple net senior living communities segment include leased independent living communities, assisted living communities and skilled nursing facilities. The firm's quarterly revenue was up 2.4% compared to the same quarter a year ago. Stock analysts expect that Senior Housing Properties Trust to post $0.61 earnings per share for the full year. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of global trademark & copyright laws. The legal version of this news story can be accessed at https://www.baseball-news-blog.com/2017/07/10/11905-shares-in-senior-housing-properties-trust-snh-acquired-by-jane-street-group-llc.html.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Monday, July 24th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, July 20th. SNH's annual dividend yield measured at 8.05%. Also, the number of hedge funds holding Senior Housing Properties Trust in their top 10 equity positions decreased from 4 to 2 for a decrease of 2. Rafferty Asset Management LLC now owns 42,672 shares of the company's stock worth $864,000 after buying an additional 30,836 shares during the period.

ILLEGAL ACTIVITY NOTICE: "Senior Housing Properties Trust (NYSE:SNH) Receiving Somewhat Positive News Coverage, Study Shows" was first posted by Transcript Daily and is the property of of Transcript Daily. Gateway Investment Advisers LLC boosted its position in shares of Senior Housing Properties Trust by 0.6% in the second quarter. Mastrapasqua Asset Management Inc. now owns 17,800 shares of the company's stock valued at $360,000 after buying an additional 4,945 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Senior Housing Properties Trust by 33.4% in the second quarter. FMR has an ownership of 3,548,830 stocks of the firms shares valued $67,179,000 after scooping up an extra 54,940 shares through out the quarter. Finally, Renaissance Technologies LLC raised its position in shares of Senior Housing Properties Trust by 175.7% in the fourth quarter. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering. The trust invests in hospitals, nursing homes, senior apartments, independent living properties, and assisted living properties.


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