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Cantor Fitzgerald Reiterates a Buy Rating on Senior Housing Properties Trust (SNH)


Cantor Fitzgerald analyst Joseph France reiterated a Buy rating on Senior Housing Properties Trust (SNH) today and set a price target of $21. The company’s shares opened today at $15.89.

France commented:

“. We are lowering our 2018 nFFO outlook, to reflect 3Q18 results and to account for the current estimate of management incentive fees, but reiterating our $21 price target and Overweight rating. SNH reported an in-line 3Q18, despite a drag from its managed senior housing portfolio, and over the past two years SNH has been repositioning itself in life science and medical office by selling selected senior living communities. This strategy has diversified the company’s real estate portfolio and accelerated its growth. SNH also continues to upgrade its properties, investing $7.4 million in improvements at its senior living communities during 3Q18.”

According to TipRanks.com, France is a 5-star analyst with an average return of 10.7% and a 61.2% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Five Star Quality Care, and Addus Homecare Corp.

The word on The Street in general, suggests a Hold analyst consensus rating for Senior Housing Properties Trust with a $19.67 average price target, representing a 23.8% upside. In a report issued on November 6, B.Riley FBR also maintained a Buy rating on the stock with a $23 price target.

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Senior Housing Properties Trust’s market cap is currently $3.77B and has a P/E ratio of 23.30. The company has a Price to Book ratio of 1.15.

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Senior Housing Properties Trust is a real estate investment trust, which engages in the ownership of senior living communities, medical office buildings, and wellness centers. It operates through the following segments: Triple Net Leased Senior Living Communities, Managed Senior Living Communities, MOBs, and All Other.