LSV Asset Management Has $92.41 Million Position in Sabra Health Care REIT Inc (SBRA)

LSV Asset Management increased its stake in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 10.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,996,996 shares of the real estate investment trust’s stock after acquiring an additional 383,100 shares during the period. LSV Asset Management’s holdings in Sabra Health Care REIT were worth $92,410,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its position in Sabra Health Care REIT by 849.8% during the second quarter. Russell Investments Group Ltd. now owns 1,158,905 shares of the real estate investment trust’s stock worth $25,283,000 after purchasing an additional 1,036,891 shares in the last quarter. Barings LLC purchased a new position in Sabra Health Care REIT during the second quarter worth approximately $19,763,000. Millennium Management LLC boosted its position in Sabra Health Care REIT by 174.7% during the second quarter. Millennium Management LLC now owns 1,266,658 shares of the real estate investment trust’s stock worth $27,524,000 after purchasing an additional 805,610 shares in the last quarter. Systematic Financial Management LP boosted its position in Sabra Health Care REIT by 56.1% during the third quarter. Systematic Financial Management LP now owns 1,207,688 shares of the real estate investment trust’s stock worth $27,922,000 after purchasing an additional 433,919 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Sabra Health Care REIT by 27.8% during the second quarter. American Century Companies Inc. now owns 1,795,597 shares of the real estate investment trust’s stock worth $39,018,000 after purchasing an additional 390,341 shares in the last quarter. 90.65% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on the company. ValuEngine downgraded Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Thursday. Mizuho downgraded Sabra Health Care REIT from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Tuesday. Zacks Investment Research upgraded Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. BidaskClub downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Finally, BMO Capital Markets assumed coverage on Sabra Health Care REIT in a research report on Tuesday, September 18th. They set a “market perform” rating and a $24.00 price target on the stock. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $22.27.

NASDAQ SBRA opened at $19.12 on Friday. The company has a market capitalization of $3.77 billion, a PE ratio of 7.87, a PEG ratio of 2.71 and a beta of 0.56. Sabra Health Care REIT Inc has a 1-year low of $15.77 and a 1-year high of $23.83. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 1.00.

Sabra Health Care REIT (NASDAQ:SBRA) last released its earnings results on Monday, November 5th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.62 by ($0.42). The firm had revenue of $151.80 million during the quarter, compared to analysts’ expectations of $162.64 million. Sabra Health Care REIT had a net margin of 61.85% and a return on equity of 11.80%. On average, research analysts predict that Sabra Health Care REIT Inc will post 2.29 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Thursday, November 15th will be given a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.80 annualized dividend and a dividend yield of 9.41%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 74.07%.

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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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