Senior Housing Properties Trust (SNH): Raising PT After Management Meetings - Jefferies

August 22, 2016 8:13 AM EDT
Get Alerts SNH Hot Sheet
Price: $21.61 -1.1%

Rating Summary:
    2 Buy, 7 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 19 | New: 11
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Jefferies analyst, Omotayo Okusanya, reiterated his Buy rating on shares of Senior Housing Properties Trust (NASDAQ: SNH) after taking SNH on a recent NDR to the West Coast.

The analyst still sees upside to SNH's stock based on the following catalysts:

1) the equity overhang on the stock disappears

2) SNH increases its already attractive dividend

3) upward revisions to NAV should SNH successfully joint-venture its MOB campus (leased to Vertex) in Boston.

The PT increases to $25 (from $21), in line with a positively revised NAV/sh estimate.

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 $21.43 yesterday.

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