Marshall Wace North America L.P. Reduces Position in Senior Housing Properties Trust (NASDAQ:SNH)

Marshall Wace North America L.P. trimmed its holdings in shares of Senior Housing Properties Trust (NASDAQ:SNH) by 69.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,327 shares of the real estate investment trust’s stock after selling 42,609 shares during the quarter. Marshall Wace North America L.P.’s holdings in Senior Housing Properties Trust were worth $216,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the stock. Belpointe Asset Management LLC lifted its position in shares of Senior Housing Properties Trust by 47.2% in the 1st quarter. Belpointe Asset Management LLC now owns 33,513 shares of the real estate investment trust’s stock worth $395,000 after purchasing an additional 10,739 shares during the period. GYL Financial Synergies LLC bought a new stake in shares of Senior Housing Properties Trust in the 1st quarter valued at $1,340,000. Riverhead Capital Management LLC increased its stake in shares of Senior Housing Properties Trust by 12.3% in the 1st quarter. Riverhead Capital Management LLC now owns 188,109 shares of the real estate investment trust’s stock valued at $2,216,000 after acquiring an additional 20,650 shares in the last quarter. Neuburgh Advisers LLC increased its stake in shares of Senior Housing Properties Trust by 12.4% in the 1st quarter. Neuburgh Advisers LLC now owns 255,748 shares of the real estate investment trust’s stock valued at $3,013,000 after acquiring an additional 28,152 shares in the last quarter. Finally, Tyers Asset Management LLC increased its stake in shares of Senior Housing Properties Trust by 12.4% in the 1st quarter. Tyers Asset Management LLC now owns 165,484 shares of the real estate investment trust’s stock valued at $1,949,000 after acquiring an additional 18,216 shares in the last quarter. 71.11% of the stock is currently owned by institutional investors and hedge funds.

SNH stock traded down $0.16 during midday trading on Friday, reaching $8.10. 2,164,005 shares of the company’s stock traded hands, compared to its average volume of 4,098,228. The firm has a market capitalization of $1.96 billion, a P/E ratio of 5.09, a price-to-earnings-growth ratio of 1.54 and a beta of 0.65. The firm has a fifty day simple moving average of $8.25. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.55 and a current ratio of 1.55. Senior Housing Properties Trust has a 52 week low of $7.49 and a 52 week high of $19.17.

Senior Housing Properties Trust (NASDAQ:SNH) last announced its quarterly earnings results on Thursday, May 9th. The real estate investment trust reported $0.37 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.01). Senior Housing Properties Trust had a net margin of 7.31% and a return on equity of 0.59%. The business had revenue of $266.29 million for the quarter, compared to the consensus estimate of $268.21 million. During the same quarter last year, the firm posted $0.99 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, equities research analysts anticipate that Senior Housing Properties Trust will post 1.34 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 29th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $0.60 annualized dividend and a dividend yield of 7.41%. Senior Housing Properties Trust’s payout ratio is 37.74%.

Several analysts have recently weighed in on SNH shares. Royal Bank of Canada lowered shares of Senior Housing Properties Trust from a “sector perform” rating to an “underperform” rating and set a $8.00 price objective for the company. in a research note on Tuesday, April 2nd. BidaskClub lowered shares of ZIX from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, May 21st. Morgan Stanley set a $111.00 price objective on shares of Procter & Gamble and gave the company a “buy” rating in a research note on Thursday, March 28th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Finally, Zacks Investment Research upgraded shares of Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Tuesday. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average 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.

Further Reading: Dividend

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

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