Asset Management One Co. Ltd. Purchases 22,352 Shares of Sabra Health Care REIT Inc (NASDAQ:SBRA)

Asset Management One Co. Ltd. increased its stake in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 6.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 364,127 shares of the real estate investment trust’s stock after buying an additional 22,352 shares during the quarter. Asset Management One Co. Ltd. owned about 0.19% of Sabra Health Care REIT worth $7,169,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC boosted its holdings in Sabra Health Care REIT by 4.5% in the first quarter. FMR LLC now owns 6,095,981 shares of the real estate investment trust’s stock worth $118,689,000 after acquiring an additional 263,481 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Sabra Health Care REIT by 1.8% during the second quarter. LSV Asset Management now owns 3,937,501 shares of the real estate investment trust’s stock worth $77,529,000 after purchasing an additional 69,021 shares during the period. Centersquare Investment Management LLC lifted its holdings in shares of Sabra Health Care REIT by 17.3% during the second quarter. Centersquare Investment Management LLC now owns 3,774,944 shares of the real estate investment trust’s stock worth $74,329,000 after purchasing an additional 555,793 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Sabra Health Care REIT by 342.1% during the first quarter. Principal Financial Group Inc. now owns 3,490,597 shares of the real estate investment trust’s stock worth $67,962,000 after purchasing an additional 2,701,133 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in shares of Sabra Health Care REIT by 11.5% during the second quarter. Bank of New York Mellon Corp now owns 3,478,801 shares of the real estate investment trust’s stock worth $68,498,000 after purchasing an additional 358,924 shares during the period. Institutional investors own 89.65% of the company’s stock.

SBRA opened at $22.91 on Friday. The stock’s 50-day moving average price is $21.89 and its 200 day moving average price is $20.18. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.82. Sabra Health Care REIT Inc has a 12-month low of $15.70 and a 12-month high of $23.24. The firm has a market cap of $4.31 billion, a price-to-earnings ratio of 11.44, a PEG ratio of 12.81 and a beta of 0.85.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). The business had revenue of $219.37 million during the quarter, compared to analysts’ expectations of $162.17 million. Sabra Health Care REIT had a net margin of 3.37% and a return on equity of 0.67%. On average, research analysts forecast that Sabra Health Care REIT Inc will post 1.87 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Tuesday, August 20th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.80 dividend on an annualized basis and a yield of 7.86%. Sabra Health Care REIT’s dividend payout ratio is presently 78.60%.

In related news, Director Raymond J. Lewis sold 58,000 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $21.47, for a total value of $1,245,260.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Foster sold 15,000 shares of Sabra Health Care REIT stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.78, for a total value of $311,700.00. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

A number of research analysts have issued reports on the company. Barclays began coverage on Sabra Health Care REIT in a report on Tuesday, September 3rd. They issued an “overweight” rating and a $24.00 price target for the company. Citigroup cut Sabra Health Care REIT from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $18.00 to $20.00 in a research report on Monday, September 23rd. Zacks Investment Research cut Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Friday, August 23rd. TheStreet upgraded Sabra Health Care REIT from a “c+” rating to a “b” rating in a research report on Thursday, August 8th. Finally, JMP Securities boosted their price target on Sabra Health Care REIT from $22.00 to $23.00 and gave the stock a “market outperform” rating in a research report on Friday. Three analysts have rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $21.43.

About Sabra Health Care REIT

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.

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

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