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UPDATE: Stifel Nicolaus Upgrades Senior Housing Property Trust to Buy on Relative Value

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Stifel Nicolaus upgraded its rating on Senior Housing Property Trust (NYSE: SNH) from Hold to Buy and established a price target of $25 per share.

Stifel Nicolaus noted, "We are upgrading shares of Senior Housing Properties Trust to Buy / $25 PT from Hold. While we have historically upgraded the shares at a 10%-20% discount to NAV versus current 1.1% discount, shares have inexplicably underperformed peers this year and we believe the widening valuation gap warrants an upgrade given SNH's low government reimbursement exposure, conservative balance sheet, and 6.7% dividend. The $25 PT provides 9.9% potential appreciation / 16.6% total return."

Senior Housing Property Trust closed at $22.75 on Friday.

Latest Ratings for SNH

DateFirmActionFromTo
Aug 2014JefferiesMaintainsHold
Feb 2014UBSDowngradesNeutralSell
Jan 2014Wells FargoDowngradesMarket PerformUnderperform

View More Analyst Ratings for SNH
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Upgrades Intraday Update Analyst Ratings

 

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