$277.31 Million in Sales Expected for Senior Housing Properties Trust (SNH) This Quarter

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Equities analysts expect that Senior Housing Properties Trust (NASDAQ:SNH) will report $277.31 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Senior Housing Properties Trust’s earnings, with the lowest sales estimate coming in at $275.23 million and the highest estimate coming in at $279.21 million. Senior Housing Properties Trust posted sales of $265.01 million in the same quarter last year, which suggests a positive year-over-year growth rate of 4.6%. The company is expected to announce its next quarterly earnings report before the market opens on Tuesday, August 7th.

On average, analysts expect that Senior Housing Properties Trust will report full year sales of $1.11 billion for the current fiscal year, with estimates ranging from $1.08 billion to $1.15 billion. For the next financial year, analysts expect that the company will report sales of $1.13 billion per share, with estimates ranging from $1.12 billion to $1.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Senior Housing Properties Trust.

Senior Housing Properties Trust (NASDAQ:SNH) last posted its quarterly earnings results on Wednesday, May 9th. The real estate investment trust reported $0.45 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.45. The business had revenue of $275.80 million during the quarter, compared to the consensus estimate of $271.43 million. Senior Housing Properties Trust had a return on equity of 10.55% and a net margin of 32.36%. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm earned $0.46 earnings per share.

SNH has been the subject of a number of research reports. BidaskClub upgraded Senior Housing Properties Trust from a “strong sell” rating to a “sell” rating in a research note on Wednesday, May 2nd. ValuEngine downgraded Senior Housing Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Zacks Investment Research upgraded Senior Housing Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, May 19th. Finally, Jefferies Financial Group reiterated a “hold” rating on shares of Senior Housing Properties Trust in a research note on Friday, July 20th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $18.94.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Schwab Charles Investment Management Inc. lifted its holdings in Senior Housing Properties Trust by 2.6% in the first quarter. Schwab Charles Investment Management Inc. now owns 5,557,959 shares of the real estate investment trust’s stock worth $87,038,000 after acquiring an additional 141,151 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Senior Housing Properties Trust by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 3,704,309 shares of the real estate investment trust’s stock worth $58,009,000 after acquiring an additional 126,615 shares during the last quarter. Prudential Financial Inc. lifted its holdings in Senior Housing Properties Trust by 1.4% in the first quarter. Prudential Financial Inc. now owns 3,261,843 shares of the real estate investment trust’s stock worth $51,081,000 after acquiring an additional 45,351 shares during the last quarter. Northern Trust Corp lifted its holdings in Senior Housing Properties Trust by 5.8% in the first quarter. Northern Trust Corp now owns 3,206,516 shares of the real estate investment trust’s stock worth $50,214,000 after acquiring an additional 175,915 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in Senior Housing Properties Trust by 2.8% in the first quarter. JPMorgan Chase & Co. now owns 1,905,435 shares of the real estate investment trust’s stock worth $29,840,000 after acquiring an additional 52,537 shares during the last quarter. 73.47% of the stock is currently owned by hedge funds and other institutional investors.

Senior Housing Properties Trust traded down $0.27, reaching $17.24, during mid-day trading on Monday, MarketBeat.com reports. The stock had a trading volume of 1,259,908 shares, compared to its average volume of 1,475,435. The company has a market capitalization of $4.27 billion, a price-to-earnings ratio of 10.91, a price-to-earnings-growth ratio of 2.74 and a beta of 0.46. Senior Housing Properties Trust has a 1-year low of $14.86 and a 1-year high of $20.27. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.52 and a current ratio of 1.52.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 16th. Shareholders of record on Monday, July 30th will be issued a $0.39 dividend. The ex-dividend date is Friday, July 27th. This represents a $1.56 dividend on an annualized basis and a yield of 9.05%. Senior Housing Properties Trust’s dividend payout ratio is currently 98.73%.

About Senior Housing Properties Trust

SNH is a real estate investment trust, or REIT, which owns senior living communities, medical office and life science properties 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.

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Earnings History and Estimates for Senior Housing Properties Trust (NASDAQ:SNH)

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