Affinity Investment Advisors LLC Buys 3,613 Shares of Sabra Health Care REIT Inc (SBRA)

Affinity Investment Advisors LLC boosted its stake in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 17.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 23,838 shares of the real estate investment trust’s stock after buying an additional 3,613 shares during the period. Affinity Investment Advisors LLC’s holdings in Sabra Health Care REIT were worth $551,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. American International Group Inc. increased its stake in Sabra Health Care REIT by 1.2% in the third quarter. American International Group Inc. now owns 477,252 shares of the real estate investment trust’s stock worth $11,034,000 after purchasing an additional 5,814 shares during the period. Martingale Asset Management L P purchased a new position in shares of Sabra Health Care REIT during the third quarter valued at $981,000. AXA increased its stake in shares of Sabra Health Care REIT by 6.9% during the third quarter. AXA now owns 374,046 shares of the real estate investment trust’s stock valued at $8,648,000 after buying an additional 24,013 shares during the period. Alliancebernstein L.P. increased its stake in shares of Sabra Health Care REIT by 13.9% during the third quarter. Alliancebernstein L.P. now owns 1,667,619 shares of the real estate investment trust’s stock valued at $38,555,000 after buying an additional 203,520 shares during the period. Finally, National Asset Management Inc. purchased a new position in shares of Sabra Health Care REIT during the third quarter valued at $266,000. Institutional investors own 89.16% of the company’s stock.

Several equities analysts have recently commented on SBRA shares. ValuEngine lowered Sabra Health Care REIT from a “sell” rating to a “strong sell” rating in a research note on Saturday, July 28th. Zacks Investment Research lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Mizuho restated a “buy” rating and set a $26.00 price target on shares of Sabra Health Care REIT in a research note on Monday, August 13th. Raymond James raised their price target on Sabra Health Care REIT from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Friday, August 17th. Finally, BidaskClub upgraded Sabra Health Care REIT from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $22.00.

Shares of SBRA stock opened at $18.72 on Friday. Sabra Health Care REIT Inc has a 1-year low of $15.77 and a 1-year high of $23.83. The stock has a market cap of $3.42 billion, a P/E ratio of 7.70, a P/E/G ratio of 2.39 and a beta of 0.56. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.88 and a current ratio of 2.88.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.42). Sabra Health Care REIT had a net margin of 61.85% and a return on equity of 11.80%. The company had revenue of $151.80 million for the quarter, compared to the consensus estimate of $162.64 million. On average, equities analysts anticipate that Sabra Health Care REIT Inc will post 2.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Thursday, November 15th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 9.62%. The ex-dividend date of this dividend is Wednesday, November 14th. Sabra Health Care REIT’s payout ratio is currently 74.07%.

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

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