New Senior Investment Group Inc (SNR) : Doheny Asset Management Ca reduced its stake in New Senior Investment Group Inc by 0.3% during the most recent quarter end. The investment management company now holds a total of 562,200 shares of New Senior Investment Group Inc which is valued at $6,976,902 after selling 1,700 shares in New Senior Investment Group Inc , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.New Senior Investment Group Inc makes up approximately 3.38% of Doheny Asset Management Ca’s portfolio.
Other Hedge Funds, Including , Forsta Ap-fonden sold out all of its stake in SNR during the most recent quarter. The investment firm sold 17,500 shares of SNR which is valued $213,150. Tortoise Investment Management added SNR to its portfolio by purchasing 244 company shares during the most recent quarter which is valued at $2,894. First Manhattan Co added SNR to its portfolio by purchasing 3,000 company shares during the most recent quarter which is valued at $34,530.
New Senior Investment Group Inc closed down -0.22 points or -1.76% at $12.3 with 5,19,133 shares getting traded on Friday. Post opening the session at $12.48, the shares hit an intraday low of $12.23 and an intraday high of $12.52 and the price fluctuated in this range throughout the day.Shares ended Friday 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.