Stock Roundup: Senior Housing Properties Trust (NASDAQ: SNH)

NEWTON, Mass., October 21, 2019 – Shares of Senior Housing Properties Trust (NASDAQ: SNH) lost -0.05% to $9.39. The stock grabbed the investor’s attention and traded 1.60M shares as compared to its average daily volume of 1.53M shares. The stock’s institutional ownership stands at 76.20%.

Senior Housing Properties Trust (SNH) reported net income of $30.10M, or $0.13 per diluted share attributable to common shareholders, for the quarter ended March 31, 2019 compared to $236.00M, or $0.99 per diluted share, for the quarter ended March 31, 2018. This decrease in net income attributable to common shareholders was primarily the result of: (1) a gain on sale of properties of $181.20M, or $0.76 per diluted share, during the quarter ended March 31, 2018; (2) a decrease in rental income of $15.50M, or $0.07 per diluted share, during the quarter ended March 31, 2019, as compared to the same period in 2018, as a result of a $12.80M aggregate reduction in rent paid to SNH by Five Star for the 2019 period pursuant to the Transaction Agreement, as well as dispositions since January 1, 2018; (3) impairment charges of $6.20M, or $0.03 per diluted share, recognized during the quarter ended March 31, 2019 to adjust the carrying value of 15 skilled nursing facilities, or SNFs, to their estimated net sales price; (4) changes in unrealized gains and losses on equity securities, net, for the quarter ended March 31, 2019 as compared to the same period in 2018; and (5) acquisition and certain other transaction related costs of $7.80M, or $0.03 per diluted share, incurred during the quarter ended March 31, 2019. This decrease in net income attributable to common shareholders was partially offset by: (1) a decrease in general and administrative expenses as a result of no business management incentive fees having been accrued during the quarter ended March 31, 2019, compared to $14.30M, or $0.06 per diluted share, of business management incentive fees accrued during the quarter ended March 31, 2018 and (2) acquisitions since January 1, 2018.

Normalized funds from operations attributable to common shareholders, or Normalized FFO attributable to common shareholders, were $88.20M and $107.20M, or $0.37 and $0.45 per diluted share, for the quarters ended March 31, 2019 and 2018, respectively.

SNH has a market value of $2.23B while its EPS was booked as $-0.34 in the last 12 months. The stock has 237.87M shares outstanding. In the profitability analysis, the company has gross profit margin of 56.90% while net profit margin was -7.30%. Beta value of the company was 0.54; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 3.00.

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