Revenue Update on Senior Housing Properties Trust(NYSE:SNH)

Senior Housing Properties Trust(NYSE:SNH) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $261.37M. Analysts estimated a revenue of $259.74M. Earnings per share were $0.47. Analysts had estimated an EPS of $0.47.

In a different note, On Jun 17, 2016, RBC Capital said it Upgrades its rating on Senior Housing Properties Trust. The shares have been rated ‘Outperform’ by the firm.

Senior Housing Properties Trust (SNH) remained unchanged at the close of Wednesday session. Even as the volume increased to 21,99,838 ,the shares failed to make any impression and ended at 0 points or 0.00% at $21.64. The trading session commenced at $21.62 and the stock hit a high of $21.735 and touched $21.28 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $22.38 and the 52-week low is $13.534. The company has a market cap of $5,139 M and has approximately 23,74,84,060 outstanding shares.

Senior Housing Properties Trust is a real estate investment trust (REIT). The Company operates through four segments. The first segment includes triple net senior living communities that provide short term and long term residential care and dining services for residents. Properties in this segment include leased independent living communities assisted living communities and skilled nursing facilities. The second segment includes managed senior living communities that provide residential care and dining services for residents. Properties in this segment include managed independent living communities and assisted living communities. The third segment includes properties where medical related activities occur but where residential overnight stays and dining services are not provided. Properties in this segment include medical office buildings (MOBs). The fourth segment includes the operating results of certain properties that offer fitness wellness and spa services.

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