Jefferies Downgrades Senior Housing Properties Trust (SNH) to Hold, Sees Increased Risk

January 8, 2013 7:25 AM EST
Get Alerts SNH Hot Sheet
Price: $19.02 +1.28%

Rating Summary:
    4 Buy, 5 Hold, 3 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 30 | Down: 30 | New: 23
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Jefferies downgraded Senior Housing Properties Trust (NYSE: SNH) from Buy to Hold with a price target of $24.00.

The firm comments, "We see increased risk to the SNH story in 2013 given that the company's RIDEA platform will likely take time to stabilize and require significant capex, which we believe could put added pressure on SNH's dividend growth trajectory. That said, we are still positive on senior housing fundamentals as a whole."

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 $24.50 yesterday.

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