New Senior Investment Group (NYSE:SNR) : Traders are bullish on New Senior Investment Group (NYSE:SNR) as it has outperformed the S&P 500 by a wide margin of 7.01% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.27%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.56% in the last 1 week, and is up 8.74% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -17.83% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $13.84 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $10.49 and the 200 Day Moving Average price is recorded at $10.06.
The stock has recorded a 20-day Moving Average of 6.82% and the 50-Day Moving Average is 6.37%.
New Senior Investment Group (NYSE:SNR): stock turned positive on Friday. Though the stock opened at $10.95, the bulls momentum made the stock top out at $11.227 level for the day. The stock recorded a low of $10.8636 and closed the trading day at $11.2, in the green by 2.75%. The total traded volume for the day was 861,457. The stock had closed at $10.9 in the previous days trading.
In an insider trading activity, Edens Wesley R, director of New Senior Investment Group Inc., executed a transaction worth $2,276,000 on August 27, 2015. A total of 200,000 shares were purchased at an average price of $11.38. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.