Morgan Stanley lowered its stake in shares of New Senior Investment Group Inc (NYSE:SNR) by 44.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 271,310 shares of the real estate investment trust’s stock after selling 216,619 shares during the quarter. Morgan Stanley owned about 0.33% of New Senior Investment Group worth $1,600,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd raised its stake in New Senior Investment Group by 90.8% in the third quarter. Dynamic Technology Lab Private Ltd now owns 27,246 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 12,966 shares during the last quarter. LPL Financial LLC raised its stake in New Senior Investment Group by 225.1% in the third quarter. LPL Financial LLC now owns 38,985 shares of the real estate investment trust’s stock valued at $230,000 after buying an additional 26,993 shares during the last quarter. GSA Capital Partners LLP raised its stake in New Senior Investment Group by 627.4% in the third quarter. GSA Capital Partners LLP now owns 85,033 shares of the real estate investment trust’s stock valued at $502,000 after buying an additional 73,343 shares during the last quarter. Martingale Asset Management L P raised its stake in New Senior Investment Group by 368.1% in the third quarter. Martingale Asset Management L P now owns 136,675 shares of the real estate investment trust’s stock valued at $807,000 after buying an additional 107,475 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in New Senior Investment Group by 1,059.2% in the third quarter. First Trust Advisors LP now owns 139,211 shares of the real estate investment trust’s stock valued at $821,000 after buying an additional 127,202 shares during the last quarter. 64.83% of the stock is currently owned by institutional investors.

SNR has been the subject of a number of research analyst reports. Zacks Investment Research upgraded New Senior Investment Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 16th. ValuEngine upgraded New Senior Investment Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd.

New Senior Investment Group stock opened at $5.17 on Friday. New Senior Investment Group Inc has a one year low of $4.04 and a one year high of $8.89. The stock has a market capitalization of $425.03 million, a price-to-earnings ratio of 9.07 and a beta of 0.99. The company has a debt-to-equity ratio of 6.67, a current ratio of 2.37 and a quick ratio of 2.37.

New Senior Investment Group (NYSE:SNR) last announced its quarterly earnings data on Friday, February 22nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.03. New Senior Investment Group had a negative return on equity of 41.28% and a negative net margin of 35.87%. The firm had revenue of $118.47 million during the quarter. As a group, equities analysts predict that New Senior Investment Group Inc will post 0.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 22nd. Stockholders of record on Friday, March 8th will be paid a $0.13 dividend. This represents a $0.52 annualized dividend and a dividend yield of 10.06%. The ex-dividend date is Thursday, March 7th. New Senior Investment Group’s payout ratio is 91.23%.

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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.

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

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