Zacks: Analysts Expect Senior Housing Properties Trust (SNH) Will Post Quarterly Sales of $280.36 Million

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Brokerages expect Senior Housing Properties Trust (NASDAQ:SNH) to report sales of $280.36 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Senior Housing Properties Trust’s earnings, with the highest sales estimate coming in at $281.95 million and the lowest estimate coming in at $278.90 million. Senior Housing Properties Trust reported sales of $266.68 million in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The firm is scheduled to report its next quarterly earnings report before the market opens on Tuesday, November 6th.

On average, analysts expect that Senior Housing Properties Trust will report full-year sales of $1.13 billion for the current year, with estimates ranging from $1.11 billion to $1.17 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.14 billion, with estimates ranging from $1.13 billion to $1.17 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Senior Housing Properties Trust.

Senior Housing Properties Trust (NASDAQ:SNH) last issued its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping 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 period in the prior year, the firm posted $0.07 earnings per share.

A number of equities analysts have recently issued reports on SNH shares. Zacks Investment Research raised Senior Housing Properties Trust from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday, August 2nd. ValuEngine raised Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 6th. Jefferies Financial Group reissued a “hold” rating on shares of Senior Housing Properties Trust in a research report on Friday, July 20th. Finally, BidaskClub raised Senior Housing Properties Trust from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 28th. Four equities 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 company. Senior Housing Properties Trust has an average rating of “Hold” and a consensus target price of $18.83.

Shares of SNH stock traded up $0.01 during trading hours on Tuesday, reaching $16.87. 12,397 shares of the company’s stock were exchanged, compared to its average volume of 1,401,247. The company has a market cap of $3.99 billion, a PE ratio of 10.66, a PEG ratio of 2.72 and a beta of 0.44. The company has a current ratio of 5.36, a quick ratio of 5.36 and a debt-to-equity ratio of 1.07. Senior Housing Properties Trust has a fifty-two week low of $14.86 and a fifty-two week high of $19.98.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 15th. Investors of record on Monday, October 29th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 9.25%. The ex-dividend date is Friday, October 26th. Senior Housing Properties Trust’s dividend payout ratio is presently 98.73%.

Institutional investors have recently modified their holdings of the stock. First Hawaiian Bank purchased a new position in Senior Housing Properties Trust in the 3rd quarter valued at about $126,000. United Capital Financial Advisers LLC purchased a new position in Senior Housing Properties Trust in the 1st quarter valued at about $163,000. Dynamic Technology Lab Private Ltd purchased a new position in Senior Housing Properties Trust in the 1st quarter valued at about $166,000. Qube Research & Technologies Ltd purchased a new position in Senior Housing Properties Trust in the 2nd quarter valued at about $184,000. Finally, CIBC Asset Management Inc purchased a new position in Senior Housing Properties Trust in the 2nd quarter valued at about $185,000. 73.27% of the stock is currently owned by hedge funds and other institutional investors.

About Senior Housing Properties Trust

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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