Nomura Asset Management Co. Ltd. Sells 9,550 Shares of Senior Housing Properties Trust (NASDAQ:SNH)

Nomura Asset Management Co. Ltd. cut its position in shares of Senior Housing Properties Trust (NASDAQ:SNH) by 5.5% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 162,800 shares of the real estate investment trust’s stock after selling 9,550 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.07% of Senior Housing Properties Trust worth $1,918,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley raised its holdings in Senior Housing Properties Trust by 4.4% in the 3rd quarter. Morgan Stanley now owns 7,046,976 shares of the real estate investment trust’s stock valued at $123,746,000 after acquiring an additional 297,136 shares during the period. Quantamental Technologies LLC acquired a new position in shares of Senior Housing Properties Trust during the 4th quarter worth approximately $57,000. Arizona State Retirement System grew its position in shares of Senior Housing Properties Trust by 1.1% during the 4th quarter. Arizona State Retirement System now owns 170,629 shares of the real estate investment trust’s stock worth $2,000,000 after purchasing an additional 1,890 shares in the last quarter. D.A. Davidson & CO. grew its position in shares of Senior Housing Properties Trust by 63.0% during the 4th quarter. D.A. Davidson & CO. now owns 39,860 shares of the real estate investment trust’s stock worth $467,000 after purchasing an additional 15,409 shares in the last quarter. Finally, Xact Kapitalforvaltning AB grew its position in shares of Senior Housing Properties Trust by 22.5% during the 4th quarter. Xact Kapitalforvaltning AB now owns 41,978 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 7,700 shares in the last quarter. 71.11% of the stock is owned by institutional investors.

Shares of SNH stock traded down $0.02 during trading hours on Friday, hitting $8.27. 27,109,200 shares of the company’s stock traded hands, compared to its average volume of 2,816,479. The firm has a 50 day moving average price of $8.05. The stock has a market cap of $1.98 billion, a PE ratio of 5.20, a PEG ratio of 1.51 and a beta of 0.64. Senior Housing Properties Trust has a 12 month low of $7.49 and a 12 month high of $19.17. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 1.20.

Senior Housing Properties Trust (NASDAQ:SNH) last announced its earnings results on Thursday, May 9th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.01). The firm had revenue of $266.29 million for the quarter, compared to the consensus estimate of $268.21 million. Senior Housing Properties Trust had a return on equity of 0.59% and a net margin of 7.31%. Senior Housing Properties Trust’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. Equities analysts forecast that Senior Housing Properties Trust will post 1.31 earnings per share for the current fiscal year.

Several analysts recently issued reports on the stock. ValuEngine upgraded shares of Senior Housing Properties Trust from a “strong sell” rating to a “sell” rating in a research report on Monday, April 15th. Zacks Investment Research lowered shares of Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research report on Thursday, June 20th. BidaskClub lowered shares of Senior Housing Properties Trust from a “sell” rating to a “strong sell” rating in a research report on Tuesday, May 21st. Finally, Morgan Stanley set a $11.00 target price on shares of Senior Housing Properties Trust and gave the company a “sell” rating in a research report on Thursday, March 28th. Six research analysts have rated the stock with a sell rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.40.

Senior Housing Properties Trust Profile

SNH is a real estate investment trust, or REIT, that owns medical office and life science properties, senior living communities and wellness centers throughout the United States. SNH is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), or RMR Inc, an alternative asset management company that is headquartered in Newton, MA.

See Also: Convertible Shares

Institutional Ownership by Quarter for Senior Housing Properties Trust (NASDAQ:SNH)

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