Senior Housing Properties Trust Gets a Buy Rating from FBR Capital

By Carrie Williams

FBR Capital analyst Bryan Maher reiterated a Buy rating on Senior Housing Properties Trust (NYSE: SNH) today and set a price target of $24. The company’s shares opened today at $20.44.

Maher noted:

“Following the 1Q17 joint venture formation between SNH and a sovereign wealth institutional investor in which the investor acquired 45% of SNH’s Vertex Pharmaceutical complex in Boston, we are adjusting our model to more accurately reflect the financial impact on our SNH model over the near term. However, our modestly reduced FFO/share estimates will likely be reversed as/when SNH redeploys the proceeds received into new acquisitions.”

According to TipRanks.com, Maher is a 2-star analyst with an average return of 0.4% and a 53.7% success rate. Maher covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Retail Opportunity Investments, and Ashford Hospitality Trust.

Senior Housing Properties Trust has an analyst consensus of Moderate Buy, with a price target consensus of $22.75.

Senior Housing Properties Trust’s market cap is currently $4.84B and has a P/E ratio of 34.72. The company has a book value ratio of 1.4941.

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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.