B.Riley FBR analyst Bryan Maher maintained a Buy rating on Senior Housing Properties Trust (SNH) yesterday and set a price target of $23. The company’s shares closed yesterday at $15.91.
Maher commented:
“Senior Housing Properties (SNH) reported 3Q18 results that were below our expectations. Adjusted EBITDA came in at $153.1M, below our $157.3M estimate but above consensus at $152.2M. Normalized FFO per share came in at $0.42, just below our estimate of $0.44 and the consensus estimate of $0.45. The miss to our estimates was primarily driven by lower than expected top line growth combined with higher property operating expenses. Total revenue was slightly below our estimate ($279.0M vs. our estimate of $280.2M). SNH was also active from a capital investment/balance sheet perspective. The company invested roughly $7.4M in improvements at its senior living communities, which is expected to generate additional rent under the applicable operating leases.”
According to TipRanks.com, Maher is a 2-star analyst with an average return of 0.5% and a 51.9% success rate. Maher covers the Financial sector, focusing on stocks such as Industrial Logistics Properties Trust, Government Properties Income Trust, and Braemar Hotels & Resorts Inc.
Senior Housing Properties Trust has an analyst consensus of Moderate Sell, with a price target consensus of $19.
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Senior Housing Properties Trust’s market cap is currently $3.78B and has a P/E ratio of 25.02. 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.
