Chicago Equity Partners LLC lifted its position in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 14.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,580 shares of the real estate investment trust’s stock after purchasing an additional 2,480 shares during the period. Chicago Equity Partners LLC’s holdings in Sabra Health Care REIT were worth $323,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. IFP Advisors Inc raised its holdings in Sabra Health Care REIT by 128.4% in the 4th quarter. IFP Advisors Inc now owns 3,099 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,742 shares during the last quarter. Hartford Investment Management Co. acquired a new position in Sabra Health Care REIT in the 4th quarter valued at $184,000. Avitas Wealth Management LLC acquired a new position in Sabra Health Care REIT in the 3rd quarter valued at $221,000. MML Investors Services LLC acquired a new stake in shares of Sabra Health Care REIT during the 3rd quarter worth $222,000. Finally, NN Investment Partners Holdings N.V. acquired a new stake in shares of Sabra Health Care REIT during the 3rd quarter worth $229,000. Institutional investors and hedge funds own 85.78% of the company’s stock.
SBRA has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Thursday, February 21st. SunTrust Banks cut shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. BidaskClub raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research report on Saturday, December 8th. BMO Capital Markets reaffirmed a “hold” rating and set a $17.00 price target on shares of Sabra Health Care REIT in a research report on Monday, January 14th. Finally, ValuEngine raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. Sabra Health Care REIT presently has an average rating of “Hold” and an average target price of $21.10.
Shares of SBRA stock traded down $0.08 during trading hours on Friday, hitting $18.30. 3,105,355 shares of the company were exchanged, compared to its average volume of 1,931,787. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.83 and a current ratio of 1.83. Sabra Health Care REIT Inc has a one year low of $15.70 and a one year high of $23.83. The stock has a market capitalization of $3.27 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 2.32 and a beta of 1.00.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Friday, February 15th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, February 14th. This represents a $1.80 annualized dividend and a dividend yield of 9.84%.
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Sabra Health Care REIT Company Profile
As of September 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 350 Skilled Nursing/Transitional Care facilities, (ii) 91 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 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), 11 preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.
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