Envestnet Asset Management Inc. grew its holdings in Sabra Health Care REIT (NASDAQ:SBRA) by 408.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,627 shares of the real estate investment trust’s stock after buying an additional 38,254 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Sabra Health Care REIT were worth $894,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Ffcm LLC increased its position in shares of Sabra Health Care REIT by 1,297.4% in the fourth quarter. Ffcm LLC now owns 5,897 shares of the real estate investment trust’s stock valued at $112,000 after buying an additional 5,475 shares in the last quarter. MANA Advisors LLC purchased a new stake in shares of Sabra Health Care REIT during the fourth quarter worth approximately $193,000. Atria Investments LLC purchased a new stake in shares of Sabra Health Care REIT during the fourth quarter worth approximately $208,000. FNY Partners Fund LP increased its position in shares of Sabra Health Care REIT by 64.8% during the fourth quarter. FNY Partners Fund LP now owns 11,700 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 4,600 shares in the last quarter. Finally, First Allied Advisory Services Inc. purchased a new stake in shares of Sabra Health Care REIT during the third quarter worth approximately $286,000. Institutional investors and hedge funds own 88.88% of the company’s stock.
Shares of NASDAQ:SBRA opened at $17.20 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.85 and a quick ratio of 6.85. The firm has a market capitalization of $3,121.26, a price-to-earnings ratio of 7.08, a P/E/G ratio of 2.30 and a beta of 0.65. Sabra Health Care REIT has a 52-week low of $15.77 and a 52-week high of $29.10.
Sabra Health Care REIT (NASDAQ:SBRA) last issued its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.27. The company had revenue of $166.47 million during the quarter, compared to analysts’ expectations of $158.82 million. Sabra Health Care REIT had a return on equity of 7.19% and a net margin of 39.04%. equities analysts expect that Sabra Health Care REIT will post 2.5 earnings per share for the current fiscal year.
Several brokerages recently commented on SBRA. ValuEngine cut Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. SunTrust Banks set a $22.00 price target on Sabra Health Care REIT and gave the stock a “buy” rating in a research report on Monday, January 22nd. BidaskClub upgraded Sabra Health Care REIT from a “strong sell” rating to a “sell” rating in a research report on Thursday, March 8th. Mizuho upgraded Sabra Health Care REIT from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, March 14th. Finally, Zacks Investment Research cut Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. Sabra Health Care REIT currently has an average rating of “Hold” and an average target price of $23.45.
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Sabra Health Care REIT Profile
As of December 31, 2017, Sabra's investment portfolio included 507 real estate properties held for investment (consisting of (i) 384 Skilled Nursing/Transitional Care facilities, (ii) 88 Senior Housing – Leased communities, (iii) 13 Senior Housing – Managed communities and (iv) 22 Acute Care Hospitals), one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) two mortgage loans, (ii) two construction loans, (iii) two mezzanine loans, (iv) one pre-development loan and (v) 15 other loans), 12 preferred equity investments and one investment in a specialty valuation firm.
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