Equities research analysts at Morgan Stanley initiated coverage on shares of New Senior Investment Group Inc (NYSE:SNR) in a research note issued to investors on Monday. The brokerage set an “underweight” rating and a $9.00 price target on the real estate investment trust’s stock. Morgan Stanley’s price objective points to a potential downside of 16.51% from the company’s previous close.

Separately, Zacks Investment Research upgraded shares of New Senior Investment Group from a “sell” rating to a “hold” rating in a research report on Thursday, January 5th.

Shares of New Senior Investment Group (NYSE:SNR) opened at 10.78 on Monday. The firm’s market cap is $885.48 million. The firm has a 50 day moving average price of $10.14 and a 200 day moving average price of $10.15. New Senior Investment Group has a 1-year low of $9.02 and a 1-year high of $12.68.

New Senior Investment Group (NYSE:SNR) last issued its quarterly earnings data on Tuesday, February 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.56. The company had revenue of $117.50 million for the quarter, compared to the consensus estimate of $119.46 million. New Senior Investment Group had a negative net margin of 19.32% and a negative return on equity of 13.51%. The firm’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.35 earnings per share. Analysts anticipate that New Senior Investment Group will post ($0.76) EPS for the current year.

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A number of hedge funds have recently made changes to their positions in the stock. Pacad Investment Ltd. acquired a new stake in shares of New Senior Investment Group during the fourth quarter worth approximately $131,000. Credit Agricole S A boosted its stake in shares of New Senior Investment Group by 52.4% in the fourth quarter. Credit Agricole S A now owns 15,250 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 5,246 shares during the period. Stevens Capital Management LP purchased a new stake in shares of New Senior Investment Group during the third quarter worth about $162,000. Creative Planning boosted its stake in shares of New Senior Investment Group by 7.2% in the first quarter. Creative Planning now owns 16,045 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 1,074 shares during the period. Finally, A.R.T. Advisors LLC purchased a new stake in shares of New Senior Investment Group during the fourth quarter worth about $188,000. 72.99% of the stock is owned by institutional investors and hedge funds.

New Senior Investment Group Company Profile

New Senior Investment Group Inc is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States. The Company operates through two segments: Managed Properties and Triple Net Lease Properties. As of December 31, 2016, the Company owned a diversified portfolio of 152 primarily private pay senior housing properties located across 37 states.

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