Senior Housing Properties Trust (SNH) reported quarterly earnings results on Friday, Aug-5-2016. The company reported $0.47 EPS for the quarter. Analysts had a consensus estimate of $0.47. The company posted revenue of $261.40 million in the period, compared to analysts expectations of $259.07 million. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
Many Wall Street Analysts have commented on Senior Housing Properties Trust. Company shares were Upgraded by RBC Capital Mkts on Jun 17, 2016 to ” Outperform”, Firm has raised the Price Target to $ 23 from a previous price target of $18 .
Senior Housing Properties Trust opened for trading at $22.18 and hit $22.32 on the upside on Thursday, eventually ending the session at $22.32, with a gain of 1.22% or 0.27 points. The heightened volatility saw the trading volume jump to 15,89,609 shares. Company has a market cap of $5,300 M.
Senior Housing Properties Trust is a real estate investment trust (REIT). The Company operates through four segments. The first segment includes triple net senior living communities that provide short term and long term residential care and dining services for residents. Properties in this segment include leased independent living communities assisted living communities and skilled nursing facilities. The second segment includes managed senior living communities that provide residential care and dining services for residents. Properties in this segment include managed independent living communities and assisted living communities. The third segment includes properties where medical related activities occur but where residential overnight stays and dining services are not provided. Properties in this segment include medical office buildings (MOBs). The fourth segment includes the operating results of certain properties that offer fitness wellness and spa services.