Sabra Health Care REIT Inc (SBRA) Shares Sold by Fmr LLC

Fmr LLC lowered its stake in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 12.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,724,380 shares of the real estate investment trust’s stock after selling 1,131,193 shares during the quarter. Fmr LLC’s holdings in Sabra Health Care REIT were worth $167,851,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of SBRA. Russell Investments Group Ltd. grew its holdings in Sabra Health Care REIT by 849.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,158,905 shares of the real estate investment trust’s stock worth $25,283,000 after acquiring an additional 1,036,891 shares during the last quarter. Barings LLC bought a new stake in Sabra Health Care REIT during the 2nd quarter worth about $19,763,000. American Century Companies Inc. grew its holdings in Sabra Health Care REIT by 27.8% during the 2nd quarter. American Century Companies Inc. now owns 1,795,597 shares of the real estate investment trust’s stock worth $39,018,000 after acquiring an additional 390,341 shares during the last quarter. LSV Asset Management grew its holdings in Sabra Health Care REIT by 10.8% during the 2nd quarter. LSV Asset Management now owns 3,613,896 shares of the real estate investment trust’s stock worth $78,529,000 after acquiring an additional 351,516 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in Sabra Health Care REIT by 147.0% during the 2nd quarter. Sei Investments Co. now owns 536,334 shares of the real estate investment trust’s stock worth $11,655,000 after acquiring an additional 319,169 shares during the last quarter. 90.20% of the stock is currently owned by hedge funds and other institutional investors.

Sabra Health Care REIT stock opened at $21.58 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.16 and a current ratio of 3.16. Sabra Health Care REIT Inc has a 1 year low of $15.77 and a 1 year high of $23.83. The stock has a market cap of $3.85 billion, a price-to-earnings ratio of 8.88, a price-to-earnings-growth ratio of 2.56 and a beta of 0.56.

Sabra Health Care REIT (NASDAQ:SBRA) last released its earnings results on Wednesday, August 8th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.75. Sabra Health Care REIT had a net margin of 62.60% and a return on equity of 11.21%. The company had revenue of $166.31 million for the quarter, compared to the consensus estimate of $166.62 million. On average, analysts forecast that Sabra Health Care REIT Inc will post 2.47 earnings per share for the current year.

SBRA has been the topic of a number of research analyst reports. Jefferies Financial Group reissued a “$21.91” rating and set a $22.00 price objective on shares of Sabra Health Care REIT in a report on Wednesday, July 18th. BidaskClub raised shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating in a report on Saturday, August 18th. Raymond James increased their price objective on shares of Sabra Health Care REIT from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, August 17th. Mizuho reissued a “buy” rating and set a $26.00 price objective on shares of Sabra Health Care REIT in a report on Monday, August 13th. Finally, Zacks Investment Research raised shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Wednesday, July 11th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Sabra Health Care REIT presently has a consensus rating of “Hold” and a consensus price target of $22.73.

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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