The Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Boosts Stake in Senior Housing Properties Trust (SNH)

The Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Boosts Stake in Senior Housing Properties Trust (SNH)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in Senior Housing Properties Trust (NYSE:SNH) by 3.3% during the third quarter, Holdings Channel reports. The firm owned 39,292 shares of the real estate investment trust’s stock after buying an additional 1,260 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Senior Housing Properties Trust were worth $892,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Senior Housing Properties Trust by 4.8% in the second quarter. Vanguard Group Inc. now owns 36,594,650 shares of the real estate investment trust’s stock worth $762,267,000 after buying an additional 1,679,189 shares during the period. Security Capital Research & Management Inc. boosted its stake in shares of Senior Housing Properties Trust by 5.6% in the second quarter. Security Capital Research & Management Inc. now owns 12,552,456 shares of the real estate investment trust’s stock worth $261,468,000 after buying an additional 663,654 shares during the period. State Street Corp boosted its stake in shares of Senior Housing Properties Trust by 1.7% in the second quarter. State Street Corp now owns 10,426,460 shares of the real estate investment trust’s stock worth $217,188,000 after buying an additional 177,216 shares during the period. BlackRock Institutional Trust Company N.A. boosted its stake in shares of Senior Housing Properties Trust by 0.4% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 9,882,795 shares of the real estate investment trust’s stock worth $205,859,000 after buying an additional 41,822 shares during the period. Finally, BlackRock Fund Advisors boosted its stake in shares of Senior Housing Properties Trust by 4.4% in the second quarter. BlackRock Fund Advisors now owns 9,705,645 shares of the real estate investment trust’s stock worth $202,169,000 after buying an additional 405,098 shares during the period.

Shares of Senior Housing Properties Trust (NYSE:SNH) traded up 1.28% during trading on Friday, hitting $19.02. 1,133,879 shares of the stock traded hands. Senior Housing Properties Trust has a one year low of $13.53 and a one year high of $23.85. The firm has a 50 day moving average price of $0.00 and a 200-day moving average price of $0.00.

Senior Housing Properties Trust (NYSE:SNH) last released its quarterly earnings results on Friday, November 4th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by $0.01. The firm had revenue of $263.98 million for the quarter, compared to analyst estimates of $264.26 million. The company’s quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.47 EPS. Analysts forecast that Senior Housing Properties Trust will post $0.59 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 21st. Stockholders of record on Monday, January 23rd will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, January 19th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.20%. Senior Housing Properties Trust’s dividend payout ratio is currently 325.01%.

A number of analysts recently weighed in on SNH shares. Zacks Investment Research cut shares of Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, November 9th. Cantor Fitzgerald initiated coverage on shares of Senior Housing Properties Trust in a research report on Wednesday, December 28th. They set an “overweight” rating and a $23.00 price target for the company. RBC Capital Markets set a $24.00 price objective on shares of Senior Housing Properties Trust and gave the company a “buy” rating in a research report on Tuesday, January 3rd. FBR & Co initiated coverage on shares of Senior Housing Properties Trust in a research report on Wednesday, December 21st. They issued an “outperform” rating and a $24.00 price objective for the company. Finally, Jefferies Group cut shares of Senior Housing Properties Trust from a “buy” rating to a “hold” rating and decreased their price objective for the company from $25.00 to $23.00 in a research report on Thursday, October 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $23.00.

About Senior Housing Properties Trust

Senior Housing Properties Trust is a real estate investment trust (REIT). The Company operates through four segments: triple net senior living communities that provide short term and long term residential care and other services for residents; managed senior living communities that provide short term and long term residential care and other services for residents; properties leased to medical providers, medical related businesses, clinics and biotech laboratory tenants (MOBs), and all other, which includes the remainder of its operations, including certain properties that offer fitness, wellness and spa services to members.

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