In a report released yesterday, Bryan Maher from B.Riley FBR maintained a Buy rating on Senior Housing Properties Trust (NYSE: SNH), with a price target of $22. The company’s shares opened today at $16.38.
Maher observed:
“Senior Housing Properties (SNH) reported 1Q18 results that exceeded our expectations. Adjusted EBITDA came in at $157.8 million, above our estimate of $154.1 million and well above consensus $141.5 million. Normalized FFO per share came in at $0.45, above our estimate of $0.44 and in line with consensus $0.45. The company was active from a transactions perspective, acquiring multiple MOBs and assisted living communities for a total purchase price of $155.0 million, while also disposing of two properties for $217.0 million. From a total portfolio perspective, NOI growth was solid with MOB’s posting 4.1% NOI growth (4.6% on a cash basis) and all senior living communities posting 1.5% NOI growth (1.7% on a cash basis).”
According to TipRanks.com, Maher is a 2-star analyst with an average return of 1.1% and a 54.5% success rate. Maher covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Condor Hospitality Trust Inc, and NorthStar Realty Europe Corp.
Senior Housing Properties Trust has an analyst consensus of Hold, with a price target consensus of $18.60.
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Senior Housing Properties Trust’s market cap is currently $3.85B and has a P/E ratio of 37.50. The company has a Price to Book ratio of 1.24.
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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.
