Senior Housing Properties Trust (SNH) Holdings Trimmed by State of Alaska Department of Revenue

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State of Alaska Department of Revenue cut its holdings in shares of Senior Housing Properties Trust (NASDAQ:SNH) by 10.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 100,253 shares of the real estate investment trust’s stock after selling 11,565 shares during the period. State of Alaska Department of Revenue’s holdings in Senior Housing Properties Trust were worth $1,760,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the business. Ibex Wealth Advisors bought a new position in Senior Housing Properties Trust during the third quarter worth about $695,000. Old Port Advisors acquired a new stake in shares of Senior Housing Properties Trust in the 2nd quarter valued at about $1,864,000. Northern Trust Corp raised its stake in shares of Senior Housing Properties Trust by 19.3% in the 2nd quarter. Northern Trust Corp now owns 3,826,166 shares of the real estate investment trust’s stock valued at $69,215,000 after purchasing an additional 619,650 shares during the period. Global X Management Co LLC raised its stake in shares of Senior Housing Properties Trust by 4.2% in the 2nd quarter. Global X Management Co LLC now owns 769,205 shares of the real estate investment trust’s stock valued at $13,915,000 after purchasing an additional 31,284 shares during the period. Finally, California Public Employees Retirement System raised its stake in shares of Senior Housing Properties Trust by 7.6% in the 2nd quarter. California Public Employees Retirement System now owns 686,565 shares of the real estate investment trust’s stock valued at $12,420,000 after purchasing an additional 48,727 shares during the period. Hedge funds and other institutional investors own 73.27% of the company’s stock.

SNH opened at $16.86 on Friday. Senior Housing Properties Trust has a 1 year low of $14.86 and a 1 year high of $19.98. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 2.72 and a beta of 0.44. The company has a debt-to-equity ratio of 1.07, a quick ratio of 5.36 and a current ratio of 5.36.

Senior Housing Properties Trust (NASDAQ:SNH) last released its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.38. The business had revenue of $277.25 million for the quarter, compared to the consensus estimate of $277.31 million. Senior Housing Properties Trust had a return on equity of 13.68% and a net margin of 41.79%. During the same quarter in the previous year, the business earned $0.07 earnings per share. On average, analysts expect that Senior Housing Properties Trust will post 1.62 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, October 29th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 9.25%. Senior Housing Properties Trust’s dividend payout ratio is currently 98.73%.

Several analysts have issued reports on SNH shares. ValuEngine raised Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Zacks Investment Research downgraded Senior Housing Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, August 10th. BidaskClub downgraded Senior Housing Properties Trust from a “buy” rating to a “hold” rating in a research note on Saturday, August 11th. B. Riley lifted their price target on Senior Housing Properties Trust from $22.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. Finally, Jefferies Financial Group reissued a “hold” rating on shares of Senior Housing Properties Trust in a research note on Friday, July 20th. Four research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $18.83.

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.

Further Reading: Average Daily Trade Volume – What You Need to Know

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

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