Metropolitan Life Insurance Co NY Has $2.69 Million Stock Position in Sabra Health Care REIT Inc (NASDAQ:SBRA)

Metropolitan Life Insurance Co NY boosted its position in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 3.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 117,013 shares of the real estate investment trust’s stock after purchasing an additional 3,602 shares during the quarter. Metropolitan Life Insurance Co NY owned about 0.06% of Sabra Health Care REIT worth $2,687,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in SBRA. Trustcore Financial Services LLC raised its stake in shares of Sabra Health Care REIT by 7.7% during the third quarter. Trustcore Financial Services LLC now owns 5,972 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 425 shares during the last quarter. Creative Planning boosted its position in shares of Sabra Health Care REIT by 1.2% in the 2nd quarter. Creative Planning now owns 42,524 shares of the real estate investment trust’s stock worth $837,000 after purchasing an additional 500 shares during the last quarter. Enterprise Financial Services Corp boosted its position in shares of Sabra Health Care REIT by 81.9% in the 2nd quarter. Enterprise Financial Services Corp now owns 2,166 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 975 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in shares of Sabra Health Care REIT by 1.6% during the second quarter. Oregon Public Employees Retirement Fund now owns 72,131 shares of the real estate investment trust’s stock worth $1,420,000 after purchasing an additional 1,119 shares during the period. Finally, RPG Investment Advisory LLC grew its stake in shares of Sabra Health Care REIT by 0.3% during the third quarter. RPG Investment Advisory LLC now owns 357,436 shares of the real estate investment trust’s stock worth $8,207,000 after purchasing an additional 1,170 shares during the period. 90.05% of the stock is owned by hedge funds and other institutional investors.

In other Sabra Health Care REIT news, CEO Richard K. Matros sold 113,000 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $24.05, for a total value of $2,717,650.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.20% of the stock is owned by corporate insiders.

Shares of SBRA stock opened at $21.67 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.79. Sabra Health Care REIT Inc has a 12-month low of $15.70 and a 12-month high of $24.95. The firm has a fifty day moving average of $22.90 and a 200-day moving average of $21.38. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of -5.69 and a beta of 0.76.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.34). The business had revenue of $149.83 million for the quarter, compared to analyst estimates of $153.39 million. Sabra Health Care REIT had a return on equity of 0.31% and a net margin of 1.53%. Research analysts expect that Sabra Health Care REIT Inc will post 1.87 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 8.31%. Sabra Health Care REIT’s payout ratio is 78.60%.

Several equities analysts have weighed in on the company. JMP Securities increased their target price on Sabra Health Care REIT from $22.00 to $23.00 and gave the company a “market outperform” rating in a research note on Friday, September 27th. TheStreet cut Sabra Health Care REIT from a “b” rating to a “c+” rating in a report on Friday, November 1st. Barclays assumed coverage on Sabra Health Care REIT in a research report on Tuesday, September 3rd. They set an “overweight” rating and a $24.00 target price for the company. Citigroup cut Sabra Health Care REIT from a “neutral” rating to a “sell” rating and upped their price target for the company from $18.00 to $20.00 in a research note on Monday, September 23rd. Finally, Zacks Investment Research raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Saturday, November 23rd. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $21.60.

Sabra Health Care REIT Profile

As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 Senior Housing communities (“Senior Housing – Leased”), (iii) 23 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 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 and (iv) 18 other loans), nine preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

Featured Story: Why do companies pay special dividends?

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

Receive News & Ratings for Sabra Health Care REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Health Care REIT and related companies with MarketBeat.com's FREE daily email newsletter.