Comerica Bank cut its stake in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 6.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 361,893 shares of the real estate investment trust’s stock after selling 23,811 shares during the period. Comerica Bank owned 0.20% of Sabra Health Care REIT worth $7,737,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors also recently made changes to their positions in SBRA. Qube Research & Technologies Ltd bought a new position in shares of Sabra Health Care REIT in the second quarter worth about $115,000. US Bancorp DE raised its stake in shares of Sabra Health Care REIT by 91.5% in the second quarter. US Bancorp DE now owns 5,699 shares of the real estate investment trust’s stock worth $124,000 after acquiring an additional 2,723 shares during the last quarter. Centaurus Financial Inc. bought a new position in shares of Sabra Health Care REIT in the second quarter worth about $125,000. NEXT Financial Group Inc bought a new position in shares of Sabra Health Care REIT in the third quarter worth about $132,000. Finally, Winslow Evans & Crocker Inc. bought a new position in shares of Sabra Health Care REIT in the third quarter worth about $162,000. 90.72% of the stock is owned by institutional investors.
Shares of NASDAQ:SBRA opened at $21.28 on Friday. Sabra Health Care REIT Inc has a one year low of $15.77 and a one year high of $23.83. The company has a quick ratio of 3.16, a current ratio of 2.88 and a debt-to-equity ratio of 1.00. The company has a market cap of $3.87 billion, a PE ratio of 8.76, a price-to-earnings-growth ratio of 2.78 and a beta of 0.56.
Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.20 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.42). Sabra Health Care REIT had a return on equity of 11.80% and a net margin of 61.85%. The business had revenue of $151.80 million for the quarter, compared to analyst estimates of $162.64 million. As a group, equities research analysts forecast that Sabra Health Care REIT Inc will post 2.29 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.46%. The ex-dividend date is Wednesday, November 14th. Sabra Health Care REIT’s dividend payout ratio is 74.07%.
SBRA has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. BidaskClub cut shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. BMO Capital Markets started coverage on shares of Sabra Health Care REIT in a research report on Tuesday, September 18th. They set a “market perform” rating and a $24.00 price target for the company. Jefferies Financial Group reiterated a “$21.91” rating and set a $22.00 price target on shares of Sabra Health Care REIT in a research report on Wednesday, July 18th. Finally, Mizuho reiterated a “buy” rating and set a $26.00 price target on shares of Sabra Health Care REIT in a research report on Monday, August 13th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Sabra Health Care REIT currently has an average rating of “Hold” and an average target price of $22.73.
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Sabra Health Care REIT Profile
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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