UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on Senior Housing Properties Trust
In a report published Wednesday, Jefferies & Company reiterated its Buy rating on Senior Housing Properties Trust (NYSE: SNH), but slightly lowered its price target from $26.00 to $25.00.
Jefferies noted, “While SNH stock has underperformed the RMZ index this year by over 1400 bps, we believe the risk-reward remains favorable as the positive effects of recent acquisitions begin to show in results over the next 6 to 12 months. We maintain our Buy Rating.”
Senior Housing Properties Trust closed on Tuesday at $21.89.
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