New Senior Investment Group Inc (SNR) : 683 Capital Management reduced its stake in New Senior Investment Group Inc by 15.19% during the most recent quarter end. The investment management company now holds a total of 1,529,495 shares of New Senior Investment Group Inc which is valued at $18,981,033 after selling 274,044 shares in New Senior Investment Group Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.New Senior Investment Group Inc makes up approximately 8.12% of 683 Capital Management’s portfolio.
Other Hedge Funds, Including , Jane Street Group added SNR to its portfolio by purchasing 13,327 company shares during the most recent quarter which is valued at $165,388.Geode Capital Management boosted its stake in SNR in the latest quarter, The investment management firm added 25,019 additional shares and now holds a total of 603,295 shares of New Senior Investment Group Inc which is valued at $7,486,891.Ancora Advisors reduced its stake in SNR by selling 856 shares or 0.32% in the most recent quarter. The Hedge Fund company now holds 270,423 shares of SNR which is valued at $3,355,949. New Senior Investment Group Inc makes up approx 0.38% of Ancora Advisors’s portfolio.California Public Employees Retirement System boosted its stake in SNR in the latest quarter, The investment management firm added 11,100 additional shares and now holds a total of 175,599 shares of New Senior Investment Group Inc which is valued at $2,082,604.
New Senior Investment Group Inc closed down -0.05 points or -0.40% at $12.34 with 5,66,375 shares getting traded on Thursday. Post opening the session at $12.39, the shares hit an intraday low of $12.17 and an intraday high of $12.45 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
On the company’s financial health, New Senior Investment Group Inc reported $0.32 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 4, 2016. Analyst had a consensus of $0.33. The company had revenue of $118.54 million for the quarter, compared to analysts expectations of $119.26 million. The company’s revenue was up 30.0% compared to the same quarter last year.
Many Wall Street Analysts have commented on New Senior Investment Group Inc. Company shares were Reiterated by Compass Point on Aug 8, 2016 to “Buy”, Firm has raised the Price Target to $ 16.50 from a previous price target of $14 .
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.