California Public Employees Retirement System Has $7.99 Million Position in Sabra Health Care REIT Inc (NASDAQ:SBRA)

California Public Employees Retirement System boosted its stake in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 31.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 348,062 shares of the real estate investment trust’s stock after purchasing an additional 83,147 shares during the period. California Public Employees Retirement System’s holdings in Sabra Health Care REIT were worth $7,992,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Trustcore Financial Services LLC boosted its position in 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 valued at $137,000 after purchasing an additional 425 shares during the last quarter. Creative Planning boosted its position in Sabra Health Care REIT by 1.2% during the second quarter. Creative Planning now owns 42,524 shares of the real estate investment trust’s stock valued at $837,000 after purchasing an additional 500 shares during the last quarter. Eii Capital Management Inc. boosted its position in Sabra Health Care REIT by 3.0% during the second quarter. Eii Capital Management Inc. now owns 18,347 shares of the real estate investment trust’s stock valued at $361,000 after purchasing an additional 531 shares during the last quarter. 6 Meridian boosted its position in Sabra Health Care REIT by 2.2% during the second quarter. 6 Meridian now owns 25,921 shares of the real estate investment trust’s stock valued at $510,000 after purchasing an additional 554 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new position in Sabra Health Care REIT during the first quarter valued at approximately $34,000. 87.98% of the stock is owned by hedge funds and other institutional investors.

Several brokerages recently commented on SBRA. Zacks Investment Research cut Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Thursday, October 24th. BidaskClub cut Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. JMP Securities increased their price target on Sabra Health Care REIT from $22.00 to $23.00 and gave the company a “market outperform” rating in a research report on Friday, September 27th. Barclays began coverage on Sabra Health Care REIT in a research report on Tuesday, September 3rd. They set an “overweight” rating and a $24.00 price target for the company. Finally, TheStreet cut Sabra Health Care REIT from a “b” rating to a “c+” rating in a research report on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Sabra Health Care REIT currently has an average rating of “Hold” and an average target price of $21.50.

NASDAQ:SBRA opened at $22.70 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average price is $23.18 and its two-hundred day moving average price is $21.16. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 9.91, a P/E/G ratio of -5.78 and a beta of 0.79. Sabra Health Care REIT Inc has a 12-month low of $15.70 and a 12-month high of $24.95.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $1.80 annualized dividend and a yield of 7.93%. Sabra Health Care REIT’s dividend payout ratio is 78.60%.

In other Sabra Health Care REIT news, Director Raymond J. Lewis sold 58,000 shares of the company’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 document filed with the SEC, which is accessible through this link. Also, CEO Richard K. Matros sold 113,000 shares of the company’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $24.05, for a total value of $2,717,650.00. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

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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