Barings LLC Acquires 357,290 Shares of Sabra Health Care REIT Inc (SBRA)

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Barings LLC boosted its holdings in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 39.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,266,769 shares of the real estate investment trust’s stock after purchasing an additional 357,290 shares during the period. Barings LLC owned about 0.71% of Sabra Health Care REIT worth $29,288,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Tocqueville Asset Management L.P. grew its holdings in Sabra Health Care REIT by 11.9% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 21,747 shares of the real estate investment trust’s stock worth $473,000 after acquiring an additional 2,306 shares during the period. Commonwealth Equity Services LLC grew its holdings in Sabra Health Care REIT by 14.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 19,786 shares of the real estate investment trust’s stock worth $430,000 after acquiring an additional 2,525 shares during the period. US Bancorp DE grew its holdings in Sabra Health Care REIT by 91.5% during the 2nd quarter. US Bancorp DE now owns 5,699 shares of the real estate investment trust’s stock worth $124,000 after acquiring an additional 2,723 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Sabra Health Care REIT by 4.8% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 69,494 shares of the real estate investment trust’s stock worth $1,510,000 after acquiring an additional 3,173 shares during the period. Finally, Arizona State Retirement System grew its holdings in Sabra Health Care REIT by 2.6% during the 2nd quarter. Arizona State Retirement System now owns 123,777 shares of the real estate investment trust’s stock worth $2,690,000 after acquiring an additional 3,177 shares during the period. Hedge funds and other institutional investors own 90.65% of the company’s stock.

Several brokerages have recently commented on SBRA. ValuEngine downgraded Sabra Health Care REIT from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 28th. Zacks Investment Research upgraded Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. BidaskClub upgraded Sabra Health Care REIT from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Mizuho downgraded Sabra Health Care REIT from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a research note on Tuesday, November 13th. Finally, Bank of America downgraded Sabra Health Care REIT from a “neutral” rating to an “underperform” rating and cut their price target for the company from $23.00 to $21.00 in a research note on Friday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $22.36.

NASDAQ:SBRA opened at $18.65 on Friday. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 1.00. Sabra Health Care REIT Inc has a 12 month low of $15.77 and a 12 month high of $23.83. The company has a market capitalization of $3.33 billion, a P/E ratio of 7.74, a P/E/G ratio of 2.37 and a beta of 0.56.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its earnings results on Monday, November 5th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $151.80 million for the quarter, compared to the consensus estimate of $162.64 million. As a group, sell-side analysts expect that Sabra Health Care REIT Inc will post 2.3 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be issued 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 9.65%. Sabra Health Care REIT’s payout ratio is 74.07%.

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About Sabra Health Care REIT

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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