Janus Henderson Group PLC Has $13.68 Million Holdings in Sabra Health Care REIT Inc (SBRA)

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Janus Henderson Group PLC lowered its position in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 20.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 629,485 shares of the real estate investment trust’s stock after selling 158,481 shares during the quarter. Janus Henderson Group PLC owned about 0.35% of Sabra Health Care REIT worth $13,682,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. US Bancorp DE increased its stake in shares of Sabra Health Care REIT by 91.5% in the second quarter. US Bancorp DE now owns 5,699 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 2,723 shares during the period. Goodwin Daniel L acquired a new stake in shares of Sabra Health Care REIT in the second quarter valued at approximately $207,000. Oxbow Advisors LLC acquired a new stake in shares of Sabra Health Care REIT in the second quarter valued at approximately $216,000. Oppenheimer Asset Management Inc. acquired a new stake in shares of Sabra Health Care REIT in the first quarter valued at approximately $236,000. Finally, Bayesian Capital Management LP acquired a new stake in shares of Sabra Health Care REIT in the first quarter valued at approximately $268,000. Institutional investors own 90.38% of the company’s stock.

SBRA has been the topic of several analyst reports. Raymond James upgraded shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating in a research note on Monday, May 21st. ValuEngine cut shares of Sabra Health Care REIT from a “sell” rating to a “strong sell” rating in a report on Tuesday, May 22nd. BidaskClub upgraded shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating in a report on Friday, May 25th. Cantor Fitzgerald reiterated a “buy” rating and issued a $25.00 price objective on shares of Sabra Health Care REIT in a report on Monday, June 4th. Finally, TheStreet upgraded shares of Sabra Health Care REIT from a “c+” rating to a “b-” rating in a report on Wednesday, June 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $22.73.

Shares of NASDAQ:SBRA opened at $23.16 on Friday. The company has a market cap of $4.15 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 2.76 and a beta of 0.63. Sabra Health Care REIT Inc has a 1-year low of $15.77 and a 1-year high of $23.83. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 1.00.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its earnings results on Wednesday, August 8th. The real estate investment trust reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.75. The firm had revenue of $166.31 million during the quarter, compared to analysts’ expectations of $166.62 million. Sabra Health Care REIT had a net margin of 62.60% and a return on equity of 11.21%. sell-side analysts anticipate that Sabra Health Care REIT Inc will post 2.47 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 31st. Investors of record on Saturday, August 18th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 7.77%. The ex-dividend date was Thursday, August 16th. Sabra Health Care REIT’s payout ratio is 74.07%.

Sabra Health Care REIT Company Profile

As of June 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 352 Skilled Nursing/Transitional Care facilities, (ii) 89 Senior Housing communities (?Senior Housing – Leased?), (iii) 24 Senior Housing communities operated by third-party property managers pursuant to property management agreements (?Senior Housing – Managed?) and (iv) 22 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan, (iv) one pre-development loan and (v) 17 other loans), 13 preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

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Institutional Ownership by Quarter for Sabra Health Care REIT (NASDAQ:SBRA)

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