Zacks: Brokerages Expect Senior Housing Properties Trust (SNH) to Announce $0.26 Earnings Per Share
Wall Street brokerages expect Senior Housing Properties Trust (NASDAQ:SNH) to post $0.26 earnings per share for the current quarter, according to Zacks. Three analysts have issued estimates for Senior Housing Properties Trust’s earnings, with estimates ranging from $0.21 to $0.45. Senior Housing Properties Trust reported earnings per share of $0.25 in the same quarter last year, which suggests a positive year over year growth rate of 4%. The company is expected to announce its next earnings report on Tuesday, February 26th.
On average, analysts expect that Senior Housing Properties Trust will report full year earnings of $1.58 per share for the current financial year, with EPS estimates ranging from $1.52 to $1.76. For the next financial year, analysts expect that the company will post earnings of $1.69 per share, with EPS estimates ranging from $1.56 to $1.80. Zacks’ earnings per share calculations are an average based on a survey of analysts that cover Senior Housing Properties Trust.
Senior Housing Properties Trust (NASDAQ:SNH) last posted its quarterly earnings results on Tuesday, November 6th. The real estate investment trust reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.03). The company had revenue of $279.00 million during the quarter, compared to analyst estimates of $279.10 million. Senior Housing Properties Trust had a net margin of 42.36% and a return on equity of 13.42%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 earnings per share.
A number of institutional investors have recently added to or reduced their stakes in SNH. BlackRock Inc. raised its holdings in Senior Housing Properties Trust by 15.1% during the 2nd quarter. BlackRock Inc. now owns 27,030,549 shares of the real estate investment trust’s stock worth $488,982,000 after purchasing an additional 3,546,467 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Senior Housing Properties Trust during the 3rd quarter worth approximately $15,145,000. Millennium Management LLC raised its holdings in Senior Housing Properties Trust by 150.0% during the 2nd quarter. Millennium Management LLC now owns 1,072,726 shares of the real estate investment trust’s stock worth $19,406,000 after purchasing an additional 643,717 shares during the last quarter. Northern Trust Corp raised its holdings in Senior Housing Properties Trust by 19.3% during the 2nd quarter. Northern Trust Corp now owns 3,826,166 shares of the real estate investment trust’s stock worth $69,215,000 after purchasing an additional 619,650 shares during the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in Senior Housing Properties Trust during the 2nd quarter worth approximately $11,007,000. Hedge funds and other institutional investors own 72.87% of the company’s stock.
NASDAQ SNH traded down $0.42 during trading hours on Friday, reaching $13.30. The company’s stock had a trading volume of 2,815,904 shares, compared to its average volume of 1,928,627. The firm has a market cap of $3.26 billion, a PE ratio of 8.42, a price-to-earnings-growth ratio of 2.29 and a beta of 0.46. Senior Housing Properties Trust has a 52 week low of $13.06 and a 52 week high of $19.98. The company has a debt-to-equity ratio of 1.09, a current ratio of 4.49 and a quick ratio of 4.49.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 15th. Investors of record on Monday, October 29th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, October 26th. This represents a $1.56 dividend on an annualized basis and a yield of 11.73%. Senior Housing Properties Trust’s dividend payout ratio (DPR) is presently 98.73%.
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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