RBC Capital Remains a Hold on Senior Housing Properties Trust

By Austin Angelo

RBC Capital analyst Frank Morgan reiterated a Hold rating on Senior Housing Properties Trust (NYSE: SNH) on September 11 and set a price target of $20. The company’s shares opened today at $19.68.

According to TipRanks.com, Morgan is a 5-star analyst with an average return of 10.5% and a 59.2% success rate. Morgan covers the Services sector, focusing on stocks such as AmerisourceBergen Corporation, Fresenius Medical Care Corp, and Quest Diagnostics Inc.

Currently, the analyst consensus on Senior Housing Properties Trust is Moderate Buy and the average price target is $21.25, representing a 8.0% upside.

In a report issued on August 28, Jefferies also reiterated a Hold rating on the stock with a $20 price target.

The company has a one year high of $23.67 and a one year low of $17.14. Currently, Senior Housing Properties Trust has an average volume of 1.52M.

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Senior Housing Properties Trust is a real estate investment trust, which invests in independent living communities It operates its business through the following segments: Triple net senior living communities, Managed senior living communities, MOBs and All Others. The Triple net senior living communities segment provide short term and long term residential care and other services for residents. The Managed senior living communities segment provide short term and long term residential care and other services for residents. The MOBs are office or commercial buildings constructed for use or operated as medical office space for physicians and other healthcare personnel, and other businesses in medical related fields, including clinics and laboratory uses. The Other segment includes the remainder of its operations, including certain properties that offer fitness, wellness and spa services to members. The company was founded on December 16, 1998 and is headquartered in Newton, MA.