New Senior Investment Group Inc. (SNR) Position Lessened by Cedar Capital LLC

Cedar Capital LLC reduced its position in shares of New Senior Investment Group Inc. (NYSE:SNR) by 14.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 313,272 shares of the real estate investment trust’s stock after selling 53,906 shares during the period. New Senior Investment Group accounts for approximately 1.4% of Cedar Capital LLC’s holdings, making the stock its 12th biggest position. Cedar Capital LLC owned about 0.38% of New Senior Investment Group worth $2,866,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SNR. Vanguard Group Inc. boosted its holdings in shares of New Senior Investment Group by 4.5% during the 1st quarter. Vanguard Group Inc. now owns 13,324,636 shares of the real estate investment trust’s stock worth $135,911,000 after buying an additional 574,341 shares during the period. Renaissance Technologies LLC boosted its holdings in New Senior Investment Group by 39.2% in the 2nd quarter. Renaissance Technologies LLC now owns 1,754,900 shares of the real estate investment trust’s stock valued at $17,637,000 after purchasing an additional 494,200 shares during the period. American Century Companies Inc. bought a new stake in New Senior Investment Group in the 2nd quarter valued at $2,558,000. Prudential Financial Inc. boosted its holdings in New Senior Investment Group by 67.3% in the 3rd quarter. Prudential Financial Inc. now owns 532,463 shares of the real estate investment trust’s stock valued at $4,872,000 after purchasing an additional 214,230 shares during the period. Finally, State Street Corp boosted its holdings in New Senior Investment Group by 10.7% in the 1st quarter. State Street Corp now owns 1,888,604 shares of the real estate investment trust’s stock valued at $19,262,000 after purchasing an additional 182,694 shares during the period. 64.23% of the stock is owned by institutional investors and hedge funds.

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Shares of New Senior Investment Group Inc. (NYSE SNR) remained flat at $$8.16 during mid-day trading on Friday. 432,600 shares of the company’s stock traded hands, compared to its average volume of 632,481. New Senior Investment Group Inc. has a twelve month low of $8.11 and a twelve month high of $10.82. The company has a market cap of $670.34, a price-to-earnings ratio of 6.97 and a beta of 0.93. The company has a debt-to-equity ratio of 4.23, a quick ratio of 1.89 and a current ratio of 1.82.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Stockholders of record on Friday, December 8th will be paid a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a dividend yield of 12.75%. The ex-dividend date is Thursday, December 7th. New Senior Investment Group’s dividend payout ratio is -358.61%.

A number of analysts have weighed in on SNR shares. Zacks Investment Research downgraded shares of New Senior Investment Group from a “hold” rating to a “sell” rating in a report on Saturday, July 22nd. Compass Point downgraded shares of New Senior Investment Group from a “buy” rating to a “neutral” rating and reduced their price target for the company from $13.00 to $10.00 in a report on Thursday, August 31st. Finally, BidaskClub downgraded shares of New Senior Investment Group from a “hold” rating to a “sell” rating in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $9.67.

New Senior Investment Group Profile

New Senior Investment Group Inc is a real estate investment trust with a diversified portfolio of primarily private pay senior housing properties located across the United States. The Company operates through two segments: Managed Properties and Triple Net Lease Properties. As of December 31, 2016, the Company owned a diversified portfolio of 152 primarily private pay senior housing properties located across 37 states.

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Institutional Ownership by Quarter for New Senior Investment Group (NYSE:SNR)

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