Senior Housing Properties Trust Receives a Buy from Cantor Fitzgerald

In a report released yesterday, Joseph France from Cantor Fitzgerald maintained a Buy rating on Senior Housing Properties Trust (NYSE: SNH), with a price target of $21. The company’s shares closed yesterday at $16.38.

France said:

“Updating 2018-19 outlook. Our new 2018 estimates reflect slower acquisition timing, recent dispositions and stronger seasonality in G&A expenses, and include revenue of $1,101 million (vs. prior $1,120 million) and nFFO of $1.77 (vs. prior $1.85). Our 2019 outlook is revenue of $1,124 million (vs. $1,122 million FactSet consensus) and nFFO of $1.80 (vs. $1.82 consensus).”

According to TipRanks.com, France is a 4-star analyst with an average return of 9.9% and a 55.5% success rate. France covers the Services sector, focusing on stocks such as Cross Country Healthcare, Five Star Quality Care, and Envision Healthcare.

Currently, the analyst consensus on Senior Housing Properties Trust is Hold and the average price target is $18.60, representing a 13.6% upside.

In a report issued on May 9, B.Riley FBR also maintained a Buy rating on the stock with a $22 price target.

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Senior Housing Properties Trust’s market cap is currently $3.85B and has a P/E ratio of 37.89. The company has a Price to Book ratio of 1.25.

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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.