State of Alaska Department of Revenue trimmed its position in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 22.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 98,584 shares of the real estate investment trust’s stock after selling 28,400 shares during the quarter. State of Alaska Department of Revenue owned 0.06% of Sabra Health Care REIT worth $1,850,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the business. Westpac Banking Corp lifted its stake in shares of Sabra Health Care REIT by 55.2% during the 4th quarter. Westpac Banking Corp now owns 572,518 shares of the real estate investment trust’s stock worth $10,746,000 after purchasing an additional 203,704 shares during the last quarter. Gateway Investment Advisers LLC raised its stake in Sabra Health Care REIT by 6.8% in the fourth quarter. Gateway Investment Advisers LLC now owns 224,447 shares of the real estate investment trust’s stock valued at $4,213,000 after buying an additional 14,301 shares during the last quarter. Atria Investments LLC purchased a new stake in Sabra Health Care REIT in the fourth quarter valued at about $208,000. KAMES CAPITAL plc purchased a new stake in Sabra Health Care REIT in the fourth quarter valued at about $2,631,000. Finally, Atlantic Trust Group LLC purchased a new stake in Sabra Health Care REIT in the third quarter valued at about $2,396,000. Institutional investors and hedge funds own 85.68% of the company’s stock.
In other news, Director Milton J. Walters sold 4,615 shares of Sabra Health Care REIT stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $19.18, for a total value of $88,515.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.60% of the company’s stock.
A number of research analysts have recently weighed in on SBRA shares. Zacks Investment Research lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Stifel Nicolaus reaffirmed a “hold” rating and set a $22.00 target price on shares of Sabra Health Care REIT in a report on Friday, November 3rd. SunTrust Banks reaffirmed a “buy” rating and set a $25.00 target price on shares of Sabra Health Care REIT in a report on Friday, November 3rd. TheStreet lowered Sabra Health Care REIT from a “b-” rating to a “c” rating in a report on Friday, November 3rd. Finally, Raymond James Financial reiterated a “hold” rating on shares of Sabra Health Care REIT in a research report on Wednesday, December 13th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Sabra Health Care REIT currently has a consensus rating of “Hold” and an average price target of $24.10.
Shares of Sabra Health Care REIT Inc (NASDAQ SBRA) opened at $16.81 on Tuesday. Sabra Health Care REIT Inc has a one year low of $16.02 and a one year high of $29.10. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.66 and a current ratio of 1.66. The stock has a market capitalization of $3,000.00, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 2.27 and a beta of 0.74.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.71%. Sabra Health Care REIT’s payout ratio is presently 266.67%.
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About Sabra Health Care REIT
Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.
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