Senior Housing Properties Trust (SNH) has been under a strong bear grip, hence the stock is down -0.89% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.13% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.18% in the last 1 week, and is up 0.14% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.63% and the 50-Day Moving Average is 5.58%. Senior Housing Properties Trust (NYSE:SNH): stock turned positive on Friday. Though the stock opened at $21.99, the bulls momentum made the stock top out at $22.34 level for the day. The stock recorded a low of $21.855 and closed the trading day at $22.1, in the green by 1.10%. The total traded volume for the day was 1,136,749. The stock had closed at $21.86 in the previous days trading.
The company Insiders own 1.32% of Senior Housing Properties Trust shares according to the proxy statements. Institutional Investors own 76.64% of Senior Housing Properties Trust shares. Also, RBC Capital upgrades their rating on the shares of Senior Housing Properties Trust (NYSE:SNH). The current rating of the shares is Outperform. Earlier, the shares were rated a Sector Perform by the brokerage firm. The rating by the firm was issued on June 17, 2016.
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.