66,000 Shares in New Senior Investment Group Inc (SNR) Acquired by Virginia Retirement Systems ET AL

Share on StockTwits

Virginia Retirement Systems ET AL acquired a new position in shares of New Senior Investment Group Inc (NYSE:SNR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 66,000 shares of the real estate investment trust’s stock, valued at approximately $272,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SNR. Renaissance Technologies LLC boosted its stake in shares of New Senior Investment Group by 10.5% during the 3rd quarter. Renaissance Technologies LLC now owns 4,813,900 shares of the real estate investment trust’s stock worth $28,402,000 after acquiring an additional 455,700 shares in the last quarter. BlackRock Inc. boosted its stake in shares of New Senior Investment Group by 5.2% during the 3rd quarter. BlackRock Inc. now owns 7,495,564 shares of the real estate investment trust’s stock worth $44,224,000 after acquiring an additional 369,698 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of New Senior Investment Group by 60.5% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 375,098 shares of the real estate investment trust’s stock worth $2,213,000 after acquiring an additional 141,396 shares in the last quarter. Cedar Capital LLC boosted its stake in shares of New Senior Investment Group by 70.5% during the 4th quarter. Cedar Capital LLC now owns 319,556 shares of the real estate investment trust’s stock worth $1,317,000 after acquiring an additional 132,089 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of New Senior Investment Group by 1,059.2% during the 3rd quarter. First Trust Advisors LP now owns 139,211 shares of the real estate investment trust’s stock worth $821,000 after acquiring an additional 127,202 shares in the last quarter. 61.72% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research lowered New Senior Investment Group from a “hold” rating to a “sell” rating in a research note on Friday, February 15th. ValuEngine raised New Senior Investment Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

SNR traded down $0.13 during trading on Thursday, reaching $4.85. 2,986 shares of the stock traded hands, compared to its average volume of 603,471. The stock has a market cap of $398.42 million, a price-to-earnings ratio of 8.47 and a beta of 1.01. New Senior Investment Group Inc has a fifty-two week low of $4.04 and a fifty-two week high of $8.89. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 5.14.

New Senior Investment Group (NYSE:SNR) last released its quarterly earnings data on Friday, February 22nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.03. The firm had revenue of $118.47 million during the quarter. New Senior Investment Group had a negative return on equity of 8.87% and a negative net margin of 9.06%. As a group, sell-side analysts forecast that New Senior Investment Group Inc will post 0.56 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Investors of record on Friday, March 8th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $0.52 dividend on an annualized basis and a yield of 10.72%. New Senior Investment Group’s payout ratio is 91.23%.

ILLEGAL ACTIVITY NOTICE: “66,000 Shares in New Senior Investment Group Inc (SNR) Acquired by Virginia Retirement Systems ET AL” was first posted by Macon Daily and is the property of of Macon Daily. If you are accessing this piece on another publication, it was copied illegally and republished in violation of international copyright laws. The correct version of this piece can be viewed at https://macondaily.com/2019/03/07/66000-shares-in-new-senior-investment-group-inc-snr-acquired-by-virginia-retirement-systems-et-al.html.

About New Senior Investment Group

New Senior Investment Group (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 September 30, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

Read More: Fundamental Analysis – How It Helps Investors

Want to see what other hedge funds are holding SNR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New Senior Investment Group Inc (NYSE:SNR).

Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

Receive News & Ratings for New Senior Investment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New Senior Investment Group and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply