$0.14 EPS Expected for New Senior Investment Group Inc (SNR) This Quarter

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Brokerages expect New Senior Investment Group Inc (NYSE:SNR) to announce $0.14 earnings per share for the current fiscal quarter, Zacks reports. Zero analysts have provided estimates for New Senior Investment Group’s earnings. New Senior Investment Group posted earnings of $0.15 per share in the same quarter last year, which would suggest a negative year over year growth rate of 6.7%. The firm is scheduled to announce its next earnings results on Thursday, August 8th.

According to Zacks, analysts expect that New Senior Investment Group will report full year earnings of $0.53 per share for the current year. For the next fiscal year, analysts anticipate that the business will post earnings of $0.57 per share. Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for New Senior Investment Group.

New Senior Investment Group (NYSE:SNR) last issued its earnings results on Friday, May 3rd. The real estate investment trust reported $0.14 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.03. New Senior Investment Group had a negative return on equity of 47.15% and a negative net margin of 33.97%. The firm had revenue of $117.62 million for the quarter.

A number of brokerages have recently commented on SNR. ValuEngine raised New Senior Investment Group from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. Morgan Stanley set a $5.00 price target on New Senior Investment Group and gave the company a “hold” rating in a report on Thursday, March 28th. Finally, Zacks Investment Research lowered New Senior Investment Group from a “hold” rating to a “sell” rating in a report on Friday, February 15th.

Several institutional investors and hedge funds have recently modified their holdings of the company. BlackRock Inc. boosted its stake in New Senior Investment Group by 5.2% during the third quarter. BlackRock Inc. now owns 7,495,564 shares of the real estate investment trust’s stock valued at $44,224,000 after buying an additional 369,698 shares in the last quarter. Renaissance Technologies LLC boosted its stake in New Senior Investment Group by 11.4% during the first quarter. Renaissance Technologies LLC now owns 6,143,686 shares of the real estate investment trust’s stock valued at $33,483,000 after buying an additional 629,861 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in New Senior Investment Group by 1.0% during the first quarter. Goldman Sachs Group Inc. now owns 3,075,489 shares of the real estate investment trust’s stock valued at $16,762,000 after buying an additional 30,945 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in New Senior Investment Group by 1,632.4% during the first quarter. JPMorgan Chase & Co. now owns 1,810,986 shares of the real estate investment trust’s stock valued at $9,870,000 after buying an additional 1,706,448 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in New Senior Investment Group by 1.3% during the third quarter. Dimensional Fund Advisors LP now owns 1,270,749 shares of the real estate investment trust’s stock valued at $7,497,000 after buying an additional 16,186 shares in the last quarter. 66.41% of the stock is currently owned by institutional investors.

NYSE SNR traded down $0.07 during trading hours on Tuesday, hitting $6.43. The company had a trading volume of 254,239 shares, compared to its average volume of 404,644. The firm has a market capitalization of $528.61 million, a PE ratio of 11.28 and a beta of 1.01. The company has a debt-to-equity ratio of 7.22, a current ratio of 1.55 and a quick ratio of 1.55. New Senior Investment Group has a fifty-two week low of $4.04 and a fifty-two week high of $7.94.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 8.09%. The ex-dividend date of this dividend is Thursday, June 6th. New Senior Investment Group’s dividend payout ratio (DPR) is 91.23%.

About New Senior Investment Group

New Senior Investment Group Inc (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 December 31, 2018, New Senior is one of the largest owners of senior housing properties, with 133 properties across 37 states.

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