Northwestern Mutual Investment Management Company LLC Has $644,000 Stake in Sabra Health Care REIT Inc (SBRA)

Northwestern Mutual Investment Management Company LLC increased its position in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 56.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,470 shares of the real estate investment trust’s stock after buying an additional 13,128 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in Sabra Health Care REIT were worth $644,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. AMG Funds LLC raised its position in shares of Sabra Health Care REIT by 3.8% during the 1st quarter. AMG Funds LLC now owns 78,475 shares of the real estate investment trust’s stock valued at $1,385,000 after buying an additional 2,847 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Sabra Health Care REIT by 12.0% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 28,553 shares of the real estate investment trust’s stock valued at $504,000 after buying an additional 3,070 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Sabra Health Care REIT by 16.7% during the 1st quarter. Daiwa Securities Group Inc. now owns 23,076 shares of the real estate investment trust’s stock valued at $407,000 after buying an additional 3,300 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of Sabra Health Care REIT by 8.6% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 45,229 shares of the real estate investment trust’s stock valued at $849,000 after buying an additional 3,600 shares during the period. Finally, Atria Investments LLC raised its position in shares of Sabra Health Care REIT by 34.3% during the 1st quarter. Atria Investments LLC now owns 14,908 shares of the real estate investment trust’s stock valued at $263,000 after buying an additional 3,807 shares during the period. 87.39% of the stock is currently owned by hedge funds and other institutional investors.

SBRA has been the topic of several analyst reports. ValuEngine raised shares of Sabra Health Care REIT from a “strong sell” rating to a “sell” rating in a research report on Monday, May 28th. Zacks Investment Research raised Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, March 28th. BidaskClub raised Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Raymond James raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating in a research report on Monday, May 21st. Finally, Bank of America raised Sabra Health Care REIT from an “underperform” rating to a “neutral” rating and set a $20.00 target price on the stock in a research report on Monday, March 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $22.60.

Shares of Sabra Health Care REIT opened at $21.42 on Friday, according to MarketBeat.com. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 8.81, a PEG ratio of 2.58 and a beta of 0.71. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.55 and a current ratio of 1.55. Sabra Health Care REIT Inc has a 52-week low of $15.77 and a 52-week high of $25.31.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Wednesday, May 9th. The real estate investment trust reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.04). The business had revenue of $166.09 million during the quarter, compared to analyst estimates of $161.90 million. Sabra Health Care REIT had a return on equity of 7.19% and a net margin of 39.69%. analysts predict that Sabra Health Care REIT Inc will post 2.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 31st. Shareholders of record on Monday, May 21st were paid a $0.45 dividend. The ex-dividend date was Friday, May 18th. This represents a $1.80 annualized dividend and a dividend yield of 8.40%. Sabra Health Care REIT’s dividend payout ratio (DPR) is 74.07%.

About Sabra Health Care REIT

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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Institutional Ownership by Quarter for Sabra Health Care REIT (NASDAQ:SBRA)

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