Barings LLC grew its position in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 39.3% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,266,769 shares of the real estate investment trust’s stock after buying an additional 357,290 shares during the quarter. Barings LLC owned 0.71% of Sabra Health Care REIT worth $29,288,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently bought and sold shares of SBRA. Capital Fund Management S.A. bought a new stake in shares of Sabra Health Care REIT in the 2nd quarter worth approximately $2,169,000. OppenheimerFunds Inc. grew its stake in Sabra Health Care REIT by 112.0% in the 2nd quarter. OppenheimerFunds Inc. now owns 68,422 shares of the real estate investment trust’s stock valued at $1,487,000 after buying an additional 36,144 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Sabra Health Care REIT by 0.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,663,709 shares of the real estate investment trust’s stock valued at $57,881,000 after buying an additional 12,607 shares in the last quarter. Price Capital Management Inc. purchased a new position in Sabra Health Care REIT in the 2nd quarter valued at approximately $756,000. Finally, Investec Asset Management LTD purchased a new position in Sabra Health Care REIT in the 2nd quarter valued at approximately $1,186,000. 90.72% of the stock is currently owned by hedge funds and other institutional investors.
SBRA has been the subject of several research reports. ValuEngine upgraded shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, October 9th. BidaskClub downgraded shares of Sabra Health Care REIT from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 18th. Raymond James boosted their price target on shares of Sabra Health Care REIT from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, August 17th. Zacks Investment Research downgraded shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research note on Saturday, October 13th. Finally, Mizuho reaffirmed a “buy” rating and set a $26.00 price objective on shares of Sabra Health Care REIT in a research note on Monday, August 13th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Sabra Health Care REIT presently has an average rating of “Hold” and an average price target of $22.73.
Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.42). Sabra Health Care REIT had a net margin of 61.85% and a return on equity of 11.80%. The firm had revenue of $151.80 million for the quarter, compared to analysts’ expectations of $162.64 million. As a group, sell-side analysts anticipate that Sabra Health Care REIT Inc will post 2.29 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, November 15th will be given a dividend of $0.45 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 8.46%. Sabra Health Care REIT’s dividend payout ratio (DPR) 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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