Martingale Asset Management L P Sells 1,800 Shares of Sabra Health Care REIT Inc (SBRA)

Martingale Asset Management L P lowered its position in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 4.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,608 shares of the real estate investment trust’s stock after selling 1,800 shares during the period. Martingale Asset Management L P’s holdings in Sabra Health Care REIT were worth $670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SBRA. IFP Advisors Inc increased its stake 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 worth $51,000 after purchasing an additional 1,742 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Sabra Health Care REIT by 1,548.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,159,764 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 1,089,390 shares during the period. NEXT Financial Group Inc increased its stake in shares of Sabra Health Care REIT by 42.1% during the fourth quarter. NEXT Financial Group Inc now owns 8,100 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 2,400 shares during the period. Hartford Investment Management Co. bought a new position in shares of Sabra Health Care REIT during the fourth quarter worth approximately $184,000. Finally, Avitas Wealth Management LLC bought a new position in shares of Sabra Health Care REIT during the third quarter worth approximately $221,000. Institutional investors own 85.78% of the company’s stock.

Sabra Health Care REIT stock opened at $18.38 on Friday. Sabra Health Care REIT Inc has a one year low of $15.70 and a one year high of $23.83. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.83 and a current ratio of 1.83. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 7.47, a P/E/G ratio of 2.32 and a beta of 1.00.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Friday, February 15th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, February 14th. This represents a $1.80 dividend on an annualized basis and a yield of 9.79%.

A number of equities analysts have commented on the company. Zacks Investment Research upgraded Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Thursday, February 21st. ValuEngine upgraded Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Thursday. BidaskClub lowered Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, November 20th. BMO Capital Markets lowered Sabra Health Care REIT from a “market perform” rating to an “underperform” rating in a research note on Tuesday, February 26th. Finally, Citigroup set a $18.00 price objective on Sabra Health Care REIT and gave the stock a “hold” rating in a research note on Tuesday, November 20th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Sabra Health Care REIT has a consensus rating of “Hold” and an average target price of $21.10.

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Sabra Health Care REIT Company Profile

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.

Further Reading: What is Call Option Volume?

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

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