SNR - New Senior Investment Group Inc.

NYSE - NYSE Delayed Price. Currency in USD
3.1600
+0.0900 (+2.93%)
At close: 4:00PM EDT
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Momentum

Momentum

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close3.0700
Open3.0600
Bid3.1700 x 1400
Ask3.4600 x 1200
Day's Range3.0500 - 3.1950
52 Week Range1.7200 - 8.3500
Volume434,541
Avg. Volume779,296
Market Cap261.901M
Beta (5Y Monthly)1.69
PE Ratio (TTM)15.64
EPS (TTM)0.2020
Earnings DateJul 31, 2020 - Aug 04, 2020
Forward Dividend & Yield0.26 (8.47%)
Ex-Dividend DateJun 04, 2020
1y Target Est5.67
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
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We believe the company's improving balance sheet, liquidity, solid management team, and strong acquisition pipeline should help drive strong growth. This is especially true relative to PINE's small initial portfolio.”In line with his upbeat outlook, Gorman rates PINE a Buy rating. His $18 price target implies a healthy 25% one-year upside potential. (To watch Gorman’s track record, click here)Alpine holds a Strong Buy rating from the Wall Street analyst corps, with the consensus based on a unanimous 3 Buys set in the past month. Shares are selling for $14.37, and the $18.33 average price target suggests it has room for 28% growth in the year ahead. (See Alpine stock analysis at TipRanks)New Senior Investment Group (SNR)Staying in the REIT sector, we move on to New Senior Investment Group. The ‘Senior’ in the company’s name refers to its properties – this company invests in senior citizen housing properties. The current portfolio, of 103 properties, mainly retirement homes, is primarily private pay. In February of this year, SNR divested itself of the nursing home and memory care facilities in its portfolio, netting $385 million on the sale.The remaining properties in the company’s portfolio include 102 independent living communities, and one 1 continuing care facility. The properties are located in 36 states and have more than 12,000 beds. With a market cap of $300 million, SNR is one of the country’s largest property owners in the senior housing segment.First quarter earnings for SNR slipped from 18 cents to 16 cents per share – but that EPS figure was higher than the 14-cent expectation. Revenues, at $86.6 million, beat the forecast by a half percent, although it was down year-over-year.Earnings were enough to maintain the dividend, helped by the fact that management reduced the payment to 6.5 cents per share. The payout ratio, at 40%, indicates that the dividend is safe and affordable at this level. The 26-cent per share annualized payment puts the yield at 6%, far higher than the 2.16% found among peer companies in the financial sector.BTIG’s Gorman reviewed this stock, and was pleased with the company’s debt management and forward prospects, saying “SNR maintains sufficient liquidity to navigate the COVID-19 crisis. In March, the company drew $100M on its revolving credit facility and had $135.1M of cash on hand, totaling $235.1M in liquidity. SNR expects to repay a portion of the revolver in 2Q or 3Q. During the quarter, SNR completed $400M of refinancing, resulting in lower debt costs and an extension of debt maturities by 2 years.”"We think that SNR's high-quality, heavily demanded IL portfolio and capital position deserve a premium valuation," the analyst concluded.To this end, Gorman put a $9 price target on the stock, suggesting it has impressive potential for growth – up to 120%. This strongly supports his Buy rating. The two most recent reviews of SNR are a Buy and a Hold, making the analyst consensus view a Moderate Buy. The stock is priced at just $4.07, and its $5.75 price target implies a robust 41% growth potential in the next 12 months. (See New Senior stock analysis at TipRanks)Postal Realty Trust (PSTL)Last on the list today is a unique member of the REIT world. Postal Realty, as its name suggests, owns properties leased exclusively by the US Postal Service. PSTL’s portfolio includes 564 owned properties and 403 managed properties in 49 states. Postal Realty boasts a 100% occupancy rate and over 3.5 million leasable square feet. The company has found a boost in the nature of its niche – its sole customer, the USPS, has a Constitutionally mandated existence, and cannot go out of business.In the first quarter, PSTL saw sequential rental income growth of 37%, and reported FFO – funds from operations – of 12 cents per share. This supported a 20-cent quarterly dividend, paid out in May. PSTL’s dividend started out in July 2019 at 6 cents, and has been raised in each quarter since. The current payment annualizes to 80 cents per share and gives an excellent yield of 4.9%.This is another new stock that attracted Gorman’s attention enough for him to initiate coverage. In his initiation report, Gorman rated the stock a Buy and set a $19 price target – that target implies an upside potential of 15%.In his comments on PSTL, Gorman writes, “Although the portfolio consists entirely of 'flat' leases, there should be plenty of opportunity for growth through acquisitions and releasing... Moreover, with the current economic and market uncertainty, we think the portfolio should provide needed cashflow stability to REIT investors.” All in all, with three recent analyst reviews, all Buys, the consensus view on PSTL shares is a unanimous Strong Buy. 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    Edited Transcript of SNR earnings conference call or presentation 8-May-20 1:00pm GMT

    Q1 2020 New Senior Investment Group Inc Earnings Call

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