Brokerage Firm Rating Update on New Senior Investment Group (SNR)

New Senior Investment Group (SNR) : The consensus on New Senior Investment Group (SNR) based on 2 analyst recommendation on the company stock is 3.5, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on New Senior Investment Group (SNR).


For the current week, the company shares have a recommendation consensus of Buy.

New Senior Investment Group (NYSE:SNR): The stock opened at $12.17 and touched an intraday high of $12.42 on Wednesday. During the day, the stock corrected to an intraday low of $12.12, however, the bulls stepped in and pushed the price higher to close in the green at $12.4 with a gain of 1.22% for the day. The total traded volume for the day was 499,939. The stock had closed at $12.25 in the previous trading session.

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.

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