New Senior Investment Group Inc (SNR) : Shikiar Asset Management Inc reduced its stake in New Senior Investment Group Inc by 16.34% during the most recent quarter end. The investment management company now holds a total of 559,449 shares of New Senior Investment Group Inc which is valued at $6,584,715 after selling 109,300 shares in New Senior Investment Group Inc , the firm said in a disclosure report filed with the SEC on Jul 20, 2016.New Senior Investment Group Inc makes up approximately 2.81% of Shikiar Asset Management Inc’s portfolio.
Other Hedge Funds, Including , Capital Investment Advisors added SNR to its portfolio by purchasing 11,166 company shares during the most recent quarter which is valued at $131,424. New Senior Investment Group Inc makes up approx 0.01% of Capital Investment Advisors’s portfolio. 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.Berson Corrado Investment Advisors reduced its stake in SNR by selling 10,161 shares or 3.65% in the most recent quarter. The Hedge Fund company now holds 267,977 shares of SNR which is valued at $3,001,342. New Senior Investment Group Inc makes up approx 1.12% of Berson Corrado Investment Advisors’s portfolio.
New Senior Investment Group Inc opened for trading at $11.6 and hit $11.79 on the upside on Wednesday, eventually ending the session at $11.76, with a gain of 1.82% or 0.21 points. The heightened volatility saw the trading volume jump to 7,29,824 shares. Company has a market cap of $966 M.
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 May 5, 2016. Analyst had a consensus of $0.33. The company had revenue of $117.94 million for the quarter, compared to analysts expectations of $119.36 million. The company’s revenue was up 59.7% 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 Apr 29, 2016 to “Buy”, Firm has raised the Price Target to $ 14 from a previous price target of $13 .
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.