New Senior Investment Group Inc (SNR) was Reiterated by Compass Point to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 14 from a previous price target of $13 . Compass Point advised their investors in a research report released on Apr 29, 2016.
On the company’s financial health, New Senior Investment Group Inc reported $0.35 EPS for the quarter, based on the information available during the earnings call on Feb 25, 2016. Analyst had a consensus estimate of $0.35. The company had revenue of $118.43 million for the quarter, compared to analysts expectations of $115.35 million. The company’s revenue was up 68.3% compared to the same quarter last year.
New Senior Investment Group Inc opened for trading at $10.99 and hit $11.04 on the upside on Wednesday, eventually ending the session at $10.99, with a gain of 0.18% or 0.02 points. The heightened volatility saw the trading volume jump to 2,19,348 shares. Company has a market cap of $902 M.
In a different news, on Aug 31, 2015, Wesley R Edens (director) purchased 200,000 shares at $11.38 per share price. According to the SEC, on Jun 30, 2015, Susan Givens (CEO) purchased 14,545 shares at $13.75 per share price. On Jun 30, 2015, Justine Cheng (CFO) purchased 14,545 shares at $13.75 per share price, according to the Form-4 filing with the securities and exchange commission.
New Senior Investment Group Inc. is a real estate investment trust (REIT) with a portfolio of senior housing properties across the United States. The Companys portfolio is categorized into two segments: Managed Properties which are operated by property managers pursuant to property management agreements and Triple Net Lease Properties which the Company lease to tenants. The Companys managed portfolio includes 42 assisted living memory care and independent living properties. Its triple net lease portfolio includes 57 assisted living memory care independent living and continuing care retirement communities. The Company is an owner of senior housing properties and owns approximately 121 properties across 31 states. The Company has approximately 56 independent living (IL) properties 40 assisted living/memory care (AL/MC) properties and four continuing care retirement communities (CCRC) properties.