Senior Housing Properties Trust (SNH) has risen sharply, recording gains of 9.26% in the past 4 weeks. However, the stock has corrected -0.59% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.35% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Senior Housing Properties Trust (NYSE:SNH): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $21.64 and $21.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $22.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $21.94, notching a gain of 1.06% for the day. The total traded volume was 1,918,886 . The stock had closed at $21.71 on the previous day.
The stock has recorded a 20-day Moving Average of 2.52% and the 50-Day Moving Average is 10.29%. Senior Housing Properties Trust is up 25.59% in the last 3-month period. Year-to-Date the stock performance stands at 55.04%.
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.