The most recent news from Senior Housing Properties Trust (NASD: SNH) missed it’s Q3 FFO and did a substantial cut in the dividend. According to investment fraud lawyer Matthew Thibaut, Esq., this is not the only concern for investors in SNH.
Attorney Thibaut noted “… the recent dividend cut may raise additional concerns, but the falling share price is probably what is really bothering investors.”
Since Spring 2017 when the share price was trading over $21/share, it is now just over $7/share.
In the past year alone it has dropped over 40%, so as noted by investment fraud lawyer, Matthew Thibaut, Esq., the substantial dividend cut may be the most recent news, and it is likely bothering many investors, but it is more likely the falling share price and the potential losses being experienced by investors over the past three years.
For some investors, the only reason to hang on to the investment was the dividend, and now that is being greatly reduced.
As noted in the news article, the substantial cut in the dividend, the declining net operating income, and significant recent strategy shifts, along with the falling share price noted above are all raising concerns for investors in SNH.
The recent strategy shift appears to be a move to deal with a very big potential issue that may have involved a key lessor of the real estate investment trust (REIT) facing a possible bankruptcy, and it moved that lessor’s assets into the REIT portfolio, which presumably stabilizing the financials for the lessor enough to avoid a bankruptcy, but in the interim it substantially increases the risks of that REIT portfolio for investors.
As attorney Thibaut aptly noted “This strategic move coming on the heels of the substantial dividend cut and the declining stock price may all serve to test investor’s patience, and the combination may well be too much for some investors.”
That may be especially true for some investors who might see the substantial dividend cut as a last straw after watching the value of the shares decline.
Investment fraud lawyer, Matthew Thibaut, Esq.is with Haselkorn & Thibaut, P.A. Attorney Thibaut has experience as a former financial advisor and both defending and prosecuting investment fraud claims filed by investors often involving financial advisor fraud, misrepresentation, or malpractice.
About Haselkorn & Thibaut, P.A.
Haselkorn and Thibaut, P.A. is a nationwide law firm specializing in handling investment fraud and securities arbitration cases. The law firm has offices in Palm Beach, Florida, on Park Avenue in New York, as well as Phoenix, Arizona and Cary, North Carolina. The two founding partners have nearly 45 years of legal experience. Haselkorn & Thibaut, P.A. has filed numerous (private arbitration) customer disputes with the Financial Industry Regulatory Association (FINRA) for customers who suffered investment losses relating to issues similar to those matters mentioned above. There are typically no depositions involved, and those cases are typically handled on contingency with no recovery, no fee terms.
Experienced attorneys at Haselkorn & Thibaut, P.A. are available for a free consultation as a public service. Call today for more information at 1 888-628-5590 or visit our website and email us from there at www.investmentfraudlawyers.com.
Senior Housing Properties Trust Stock Recommendations
Oct-14-19 Initiated BofA/Merrill Underperform
Sep-06-19 Resumed Morgan Stanley Equal-Weight
Apr-03-19 Downgrade RBC Capital Mkts Sector Perform → Underperform $8
Dec-03-18 Upgrade Wells Fargo Underperform → Outperform
Nov-16-18 Downgrade Jefferies Hold → Underperform
Nov-12-18 Reiterated B. Riley FBR Buy $23 → $21
Oct-30-18 Downgrade Morgan Stanley Equal-Weight → Underweight
Mar-01-18 Reiterated B. Riley FBR, Inc. Buy $24 → $22
Jan-05-18 Reiterated Robert W. Baird Neutral $20 → $19
May-15-17 Downgrade RBC Capital Mkts Outperform → Sector Perform $24 → $22
Mar-10-17 Initiated Robert W. Baird Neutral $20
Dec-29-16 Initiated Cantor Fitzgerald Overweight $23
Dec-21-16 Initiated FBR & Co. Outperform $24
Dec-13-16 Downgrade Wells Fargo Market Perform → Underperform
Oct-20-16 Downgrade Jefferies Buy → Hold
Jun-17-16 Upgrade RBC Capital Mkts Sector Perform → Outperform $18 → $23
Jan-12-16 Upgrade Jefferies Hold → Buy
Nov-06-15 Reiterated RBC Capital Mkts Sector Perform $19 → $16
Oct-22-15 Upgrade Wells Fargo Underperform → Market Perform
Oct-08-15 Initiated FBR Capital Mkt Perform $18
Senior Housing Properties Trust Stock 1Day Moving Averages
Exponential Moving Average (5) 7.23 Sell
Simple Moving Average (5) 7.27 Sell
Exponential Moving Average (10) 7.39 Sell
Simple Moving Average (10) 7.33 Sell
Exponential Moving Average (20) 7.79 Sell
Simple Moving Average (20) 7.75 Sell
Exponential Moving Average (30) 8.08 Sell
Simple Moving Average (30) 8.48 Sell
Exponential Moving Average (50) 8.38 Sell
Simple Moving Average (50) 8.77 Sell
Exponential Moving Average (100) 8.70 Sell
Simple Moving Average (100) 8.67 Sell
Exponential Moving Average (200) 9.66 Sell
Simple Moving Average (200) 9.07 Sell
Ichimoku Cloud Base Line (9, 26, 52, 26) 8.59 Neutral
Volume Weighted Moving Average (20) 7.90 Sell
Hull Moving Average (9) 7.18 S
Ruchi has an Accounting and Graduate Degree in Business from the International School and Business and Media. She is exceptionally skilled in financial databases like Bloomberg, ThomsonOne,Datastream, CapitalIQ, and Factiva. Her focus at AlphaBetaStock.com is research breaking stocks and investment stories.