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UPDATE: Jefferies & Company Reiterates Buy Rating, Lowers PT on Senior Housing Properties Trust

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In a report published Friday, Jefferies & Company reiterated its Buy rating on Senior Housing Properties Trust (NYSE: SNH), but slightly lowered its price target from $25.00 to $24.00.

Jefferies noted, “SNH's recent RIDEA related acquisitions have largely settled and the transition of the company's Sunrise-operated triple-net seniors housing facilities to Five Star under a RIDE structure is nearing completion. We believe SNH should be able to capture incremental long-term earnings through its new RIDEA platform. That said, it could take some time to create value.”

Senior Housing Properties Trust closed on Thursday at $22.22.

Latest Ratings for SNH

DateFirmActionFromTo
Dec 2016Cantor FitzgeraldInitiates Coverage OnOverweight
Dec 2016Wells FargoDowngradesMarket PerformUnderperform
Oct 2016JefferiesDowngradesBuyHold

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