IEP, SNH And DLR, Pushing Real Estate Industry Downward
2. As of noon trading, Senior Housing Properties ( SNH) is down $0.64 (-2.2%) to $27.95 on average volume Thus far, 1.0 million shares of Senior Housing Properties exchanged hands as compared to its average daily volume of 1.9 million shares. The stock has ranged in price between $27.79-$28.50 after having opened the day at $28.41 as compared to the previous trading day's close of $28.59. Senior Housing Properties Trust, a real estate investment trust (REIT), primarily invests in senior housing properties in the United States. The trust invests in hospitals, nursing homes, senior apartments, independent living properties, and assisted living properties. Senior Housing Properties has a market cap of $5.4 billion and is part of the financial sector. The company has a P/E ratio of 35.7, above the S&P 500 P/E ratio of 17.7. Shares are up 20.9% year to date as of the close of trading on Friday. TheStreet Ratings rates Senior Housing Properties as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, solid stock price performance, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. Get the full Senior Housing Properties Ratings Report now. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100%. See his top picks for 14-days FREE.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts