New Senior Investment Group (SNR) : Analyst Rating Update

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 5 which endorses a Strong Sell 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).

New Senior Investment Group (NYSE:SNR): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.97 and $10.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.17. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.09, notching a gain of 0.91% for the day. The total traded volume was 689,986 . The stock had closed at $10.99 on the previous day.

The company shares have dropped -19.25% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $13.84 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $10.46 and the 200 Day Moving Average price is recorded at $10.03.

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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