Jefferies Downgrades Senior Housing Properties Trust (SNH) to Hold

October 20, 2016 6:45 AM EDT
Get Alerts SNH Hot Sheet
Price: $19.21 --0%

Rating Summary:
    4 Buy, 5 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Jefferies downgraded Senior Housing Properties Trust (NASDAQ: SNH) from Buy to Hold with a price target of $23.00 (from $25.00).

Analyst Omotayo Okusanya commented, "We are downgrading SNH to HOLD from BUY primarily on valuation. With the stock up 47% YTD (vs. 4% for the RMZ and 8% for the Healthcare REIT sector), we see limited upside given our view that SNH will have limited earnings growth in 2017."

For an analyst ratings summary and ratings history on Senior Housing Properties Trust click here. For more ratings news on Senior Housing Properties Trust click here.

Shares of Senior Housing Properties Trust closed at $21.85 yesterday.

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