Trustcore Financial Services LLC Reduces Position in Sabra Health Care REIT Inc (SBRA)

Trustcore Financial Services LLC reduced its holdings in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 16.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,818 shares of the real estate investment trust’s stock after selling 743 shares during the quarter. Trustcore Financial Services LLC’s holdings in Sabra Health Care REIT were worth $63,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Retirement Systems of Alabama raised its holdings in shares of Sabra Health Care REIT by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 231,156 shares of the real estate investment trust’s stock worth $3,809,000 after purchasing an additional 758 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Sabra Health Care REIT by 1.8% during the fourth quarter. State of Alaska Department of Revenue now owns 58,026 shares of the real estate investment trust’s stock valued at $956,000 after acquiring an additional 1,045 shares during the period. Arizona State Retirement System raised its holdings in shares of Sabra Health Care REIT by 1.1% during the fourth quarter. Arizona State Retirement System now owns 127,962 shares of the real estate investment trust’s stock valued at $2,109,000 after acquiring an additional 1,372 shares during the period. IFP Advisors Inc raised its holdings in shares of Sabra Health Care REIT by 128.4% during the fourth quarter. IFP Advisors Inc now owns 3,099 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,742 shares during the period. Finally, Wedbush Securities Inc. raised its holdings in shares of Sabra Health Care REIT by 11.1% during the third quarter. Wedbush Securities Inc. now owns 24,656 shares of the real estate investment trust’s stock valued at $570,000 after acquiring an additional 2,457 shares during the period. Institutional investors and hedge funds own 92.52% of the company’s stock.

SBRA traded up $0.13 on Monday, reaching $20.69. 29,041 shares of the company traded hands, compared to its average volume of 1,440,368. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.88 and a current ratio of 2.88. The company has a market capitalization of $3.70 billion, a PE ratio of 8.55, a PEG ratio of 2.47 and a beta of 1.02. Sabra Health Care REIT Inc has a 52-week low of $15.70 and a 52-week high of $23.83.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 15th will be given a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 8.70%. The ex-dividend date of this dividend is Thursday, February 14th. Sabra Health Care REIT’s dividend payout ratio is 74.07%.

A number of equities research analysts have recently issued reports on the stock. BidaskClub upgraded shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Zacks Investment Research upgraded shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. ValuEngine lowered shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a report on Thursday, November 15th. Citigroup set a $18.00 price target on shares of Sabra Health Care REIT and gave the company a “hold” rating in a report on Tuesday, November 20th. Finally, Mizuho lowered shares of Sabra Health Care REIT from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a report on Tuesday, November 13th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $21.36.

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About Sabra Health Care REIT

As of September 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 350 Skilled Nursing/Transitional Care facilities, (ii) 91 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 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), 11 preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

See Also: Index Funds

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

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