New Senior Investment Group (SNR) : Traders are bullish on New Senior Investment Group (SNR) as it has outperformed the S&P 500 by a wide margin of 7.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.11%, 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 5.17% in the last 1 week, and is up 8.86% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 4.88% and the 50-Day Moving Average is 11.81%. New Senior Investment Group (NYSE:SNR): stock turned positive on Friday. Though the stock opened at $12.2, the bulls momentum made the stock top out at $12.43 level for the day. The stock recorded a low of $12.2 and closed the trading day at $12.41, in the green by 1.89%. The total traded volume for the day was 536,558. The stock had closed at $12.18 in the previous days trading.
The company Insiders own 8.1% of New Senior Investment Group shares according to the proxy statements. Institutional Investors own 74.87% of New Senior Investment Group shares.
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.