BlackRock Investment Management LLC Sells 1,356 Shares of New Senior Investment Group Inc. (SNR)

BlackRock Investment Management LLC Sells 1,356 Shares of New Senior Investment Group Inc. (SNR)

BlackRock Investment Management LLC lowered its position in shares of New Senior Investment Group Inc. (NYSE:SNR) by 0.4% during the third quarter, Holdings Channel reports. The firm owned 318,512 shares of the real estate investment trust’s stock after selling 1,356 shares during the period. BlackRock Investment Management LLC owned about 0.39% of New Senior Investment Group worth $3,676,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. Bank of New York Mellon Corp raised its stake in shares of New Senior Investment Group by 20.2% in the third quarter. Bank of New York Mellon Corp now owns 1,438,814 shares of the real estate investment trust’s stock worth $16,603,000 after buying an additional 241,996 shares during the period. Royal Bank of Canada raised its stake in shares of New Senior Investment Group by 0.6% in the second quarter. Royal Bank of Canada now owns 1,231,896 shares of the real estate investment trust’s stock worth $13,157,000 after buying an additional 7,048 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of New Senior Investment Group by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 911,146 shares of the real estate investment trust’s stock worth $9,731,000 after buying an additional 46,277 shares during the period. Bank of Montreal Can acquired a new stake in shares of New Senior Investment Group during the second quarter worth $9,632,000. Finally, Punch & Associates Investment Management Inc. raised its stake in shares of New Senior Investment Group by 1.5% in the third quarter. Punch & Associates Investment Management Inc. now owns 762,518 shares of the real estate investment trust’s stock worth $8,799,000 after buying an additional 11,345 shares during the period. Hedge funds and other institutional investors own 72.23% of the company’s stock.

Shares of New Senior Investment Group Inc. (NYSE:SNR) traded down 0.89% during mid-day trading on Friday, hitting $10.06. The company had a trading volume of 605,865 shares. The firm’s 50 day moving average is $10.03 and its 200-day moving average is $10.85. The firm’s market cap is $826.20 million. New Senior Investment Group Inc. has a 12-month low of $8.26 and a 12-month high of $12.68.

New Senior Investment Group (NYSE:SNR) last announced its quarterly earnings results on Wednesday, November 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.34 by $0.03. New Senior Investment Group had a negative return on equity of 13.51% and a negative net margin of 19.32%. The company earned $118.50 million during the quarter, compared to analyst estimates of $120.17 million. The firm’s quarterly revenue was up 13.4% compared to the same quarter last year. On average, equities analysts expect that New Senior Investment Group Inc. will post ($1.07) EPS for the current year.

Separately, Zacks Investment Research downgraded New Senior Investment Group from a “buy” rating to a “sell” rating in a report on Saturday, November 5th.

New Senior Investment Group Company Profile

New Senior Investment Group Inc is a real estate investment trust (REIT) with a diversified portfolio of senior housing properties located across the United States. The Company conducts its business through two segments: Managed Properties and Triple Net Lease Properties. Under its Managed Properties segment, the Company operates approximately 100 properties under property management agreements with the Property Managers.

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