Rhumbline Advisers Acquires 25,951 Shares of Senior Housing Properties Trust (NASDAQ:SNH)

Rhumbline Advisers boosted its position in Senior Housing Properties Trust (NASDAQ:SNH) by 4.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 640,717 shares of the real estate investment trust’s stock after buying an additional 25,951 shares during the quarter. Rhumbline Advisers owned approximately 0.27% of Senior Housing Properties Trust worth $7,548,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in shares of Senior Housing Properties Trust by 11.1% during the third quarter. JPMorgan Chase & Co. now owns 2,572,169 shares of the real estate investment trust’s stock worth $45,167,000 after buying an additional 258,024 shares in the last quarter. Morgan Stanley boosted its position 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 worth $123,746,000 after acquiring an additional 297,136 shares during the last quarter. Strs Ohio boosted its position in shares of Senior Housing Properties Trust by 8.1% in the fourth quarter. Strs Ohio now owns 385,129 shares of the real estate investment trust’s stock worth $4,513,000 after acquiring an additional 28,973 shares during the last quarter. Cedar Wealth Management LLC boosted its position in shares of Senior Housing Properties Trust by 72.4% in the fourth quarter. Cedar Wealth Management LLC now owns 2,857 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,200 shares during the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Senior Housing Properties Trust in the fourth quarter worth approximately $57,000. 71.11% of the stock is currently owned by institutional investors and hedge funds.

SNH stock traded down $0.45 during midday trading on Friday, reaching $8.02. 2,468,700 shares of the company’s stock traded hands, compared to its average volume of 2,599,165. The stock has a market cap of $2.01 billion, a price-to-earnings ratio of 5.04, a price-to-earnings-growth ratio of 2.38 and a beta of 0.64. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 1.20. Senior Housing Properties Trust has a fifty-two week low of $7.49 and a fifty-two week high of $19.17.

Senior Housing Properties Trust (NASDAQ:SNH) last announced its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The business had revenue of $266.29 million for 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%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm earned $0.99 earnings per share. On average, equities analysts forecast that Senior Housing Properties Trust will post 1.34 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, April 29th were given a dividend of $0.15 per share. The ex-dividend date was Friday, April 26th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.48%. Senior Housing Properties Trust’s payout ratio is currently 37.74%.

Several research firms recently issued reports on SNH. ValuEngine raised shares of Senior Housing Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Monday, April 15th. BidaskClub cut shares of Senior Housing Properties Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Zacks Investment Research cut shares of Senior Housing Properties Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Finally, 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 report on Thursday, March 28th. Five analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Senior Housing Properties Trust presently has an average rating of “Hold” and a consensus target price of $14.40.

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Senior Housing Properties Trust 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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Institutional Ownership by Quarter for Senior Housing Properties Trust (NASDAQ:SNH)

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