Senior Housing Stock To Go Ex-dividend Tomorrow (SNH)

NEW YORK ( TheStreet) -- The ex-dividend date for Senior Housing Properties (NYSE: SNH) is tomorrow, April 11, 2012. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $21.85 as of 9:30 a.m. ET, the dividend yield is 6.9%.

The average volume for Senior Housing has been 1.4 million shares per day over the past 30 days. Senior Housing has a market cap of $3.6 billion and is part of the financial sector and real estate industry. Shares are down 2.5% year to date as of the close of trading on Monday.

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. The company has a P/E ratio of 21.9, above the average real estate industry P/E ratio of 21.3 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Senior Housing as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full Senior Housing Ratings Report.

See our dividend calendar or top-yielding stocks list.
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