New Senior Investment Group (SNR) has risen sharply, recording gains of 5.36% in the past 4 weeks. However, the stock has corrected -1.58% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.8% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
New Senior Investment Group (NYSE:SNR): The stock opened at $11.84 on Friday but the bulls could not build on the opening and the stock topped out at $11.97 for the day. The stock traded down to $11.77 during the day, due to lack of any buying support eventually closed down at $11.80 with a loss of -0.17% for the day. The stock had closed at $11.82 on the previous day. The total traded volume was 522,203 shares.
The stock has recorded a 20-day Moving Average of 1.34% and the 50-Day Moving Average is 8.28%. New Senior Investment Group Inc. is up 6.77% in the last 3-month period. Year-to-Date the stock performance stands at 25.93%.
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.