BlackRock Inc. Grows Position in Senior Housing Properties Trust (SNH)

BlackRock Inc. increased its holdings in shares of Senior Housing Properties Trust (NASDAQ:SNH) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,383,720 shares of the real estate investment trust’s stock after acquiring an additional 634,755 shares during the quarter. BlackRock Inc. owned approximately 11.94% of Senior Housing Properties Trust worth $332,655,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. First Trust Advisors LP boosted its position in shares of Senior Housing Properties Trust by 34.0% during the third quarter. First Trust Advisors LP now owns 658,224 shares of the real estate investment trust’s stock valued at $11,558,000 after buying an additional 167,133 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Senior Housing Properties Trust by 264.3% during the third quarter. Russell Investments Group Ltd. now owns 43,633 shares of the real estate investment trust’s stock valued at $765,000 after buying an additional 31,657 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in shares of Senior Housing Properties Trust by 42.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,938,131 shares of the real estate investment trust’s stock valued at $34,035,000 after buying an additional 572,782 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of Senior Housing Properties Trust by 10.4% during the third quarter. Daiwa Securities Group Inc. now owns 36,000 shares of the real estate investment trust’s stock valued at $632,000 after buying an additional 3,400 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Senior Housing Properties Trust by 0.6% during the third quarter. American Century Companies Inc. now owns 1,368,275 shares of the real estate investment trust’s stock valued at $24,027,000 after buying an additional 8,277 shares during the last quarter. Hedge funds and other institutional investors own 71.41% of the company’s stock.

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SNH has been the topic of several research reports. Zacks Investment Research raised Senior Housing Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 17th. ValuEngine cut Senior Housing Properties Trust from a “sell” rating to a “strong sell” rating in a research report on Friday, November 16th. Jefferies Financial Group cut Senior Housing Properties Trust from a “hold” rating to an “underperform” rating in a research report on Friday, November 16th. BidaskClub cut Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Finally, FBR & Co set a $24.00 target price on Senior Housing Properties Trust and gave the stock a “buy” rating in a research report on Thursday, December 20th. Three research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Senior Housing Properties Trust has a consensus rating of “Hold” and a consensus price target of $18.20.

Shares of NASDAQ:SNH opened at $12.21 on Tuesday. The stock has a market capitalization of $2.86 billion, a price-to-earnings ratio of 8.97, a PEG ratio of 2.75 and a beta of 0.87. The company has a debt-to-equity ratio of 1.09, a quick ratio of 4.49 and a current ratio of 4.49. Senior Housing Properties Trust has a 52-week low of $11.13 and a 52-week high of $19.17.

Senior Housing Properties Trust (NASDAQ:SNH) last announced its earnings results on Friday, March 1st. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.11. The business had revenue of $285.22 million for the quarter, compared to analysts’ expectations of $287.42 million. Senior Housing Properties Trust had a return on equity of 13.42% and a net margin of 42.36%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share. As a group, equities analysts anticipate that Senior Housing Properties Trust will post 1.7 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 21st. Shareholders of record on Monday, January 28th were given a $0.39 dividend. The ex-dividend date was Friday, January 25th. This represents a $1.56 annualized dividend and a yield of 12.78%.

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Senior Housing Properties Trust Company Profile

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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