Senior Housing Properties Trust (NASDAQ:SNH) Short Interest Up 28.7% in July
Senior Housing Properties Trust (NASDAQ:SNH) was the recipient of a significant increase in short interest in July. As of July 15th, there was short interest totalling 6,884,800 shares, an increase of 28.7% from the June 15th total of 5,350,200 shares. Based on an average daily trading volume, of 3,060,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.9% of the company’s shares are short sold.
A number of hedge funds have recently bought and sold shares of the business. Systematic Financial Management LP boosted its holdings in Senior Housing Properties Trust by 20.8% in the second quarter. Systematic Financial Management LP now owns 113,125 shares of the real estate investment trust’s stock valued at $936,000 after purchasing an additional 19,460 shares during the period. HGI Capital Management LLC purchased a new position in Senior Housing Properties Trust in the second quarter valued at $1,087,000. Mcmillion Capital Management Inc. purchased a new position in Senior Housing Properties Trust in the second quarter valued at $81,000. Strs Ohio lifted its holdings in Senior Housing Properties Trust by 1.5% during the 2nd quarter. Strs Ohio now owns 352,235 shares of the real estate investment trust’s stock worth $2,912,000 after buying an additional 5,042 shares during the last quarter. Finally, Arizona State Retirement System lifted its holdings in Senior Housing Properties Trust by 1.1% during the 2nd quarter. Arizona State Retirement System now owns 172,539 shares of the real estate investment trust’s stock worth $1,427,000 after buying an additional 1,834 shares during the last quarter. 71.10% of the stock is owned by institutional investors.
SNH stock traded up $0.10 during midday trading on Friday, hitting $8.29. 1,500,884 shares of the company’s stock were exchanged, compared to its average volume of 3,782,750. The company’s 50-day simple moving average is $8.30. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $1.98 billion, a PE ratio of 5.21, a PEG ratio of 1.56 and a beta of 0.65. Senior Housing Properties Trust has a 1-year low of $7.49 and a 1-year high of $19.17.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 29th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $0.60 annualized dividend and a yield of 7.24%. Senior Housing Properties Trust’s dividend payout ratio (DPR) is 37.74%.
A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Tuesday, July 16th. BidaskClub downgraded ZIX from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, May 21st. Royal Bank of Canada downgraded Senior Housing Properties Trust from a “sector perform” rating to an “underperform” rating and set a $8.00 price objective on the stock. in a research report on Tuesday, April 2nd. B. Riley set a $14.00 price objective on Senior Housing Properties Trust and gave the stock a “buy” rating in a research report on Thursday, April 4th. Finally, ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.40.
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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