Green Street Investors LLC reduced its stake in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 13.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 230,800 shares of the real estate investment trust’s stock after selling 36,500 shares during the period. Sabra Health Care REIT makes up approximately 2.9% of Green Street Investors LLC’s holdings, making the stock its 14th largest holding. Green Street Investors LLC’s holdings in Sabra Health Care REIT were worth $4,544,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in SBRA. Swiss National Bank raised its holdings in shares of Sabra Health Care REIT by 2.1% during the second quarter. Swiss National Bank now owns 331,741 shares of the real estate investment trust’s stock valued at $6,532,000 after purchasing an additional 6,800 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Sabra Health Care REIT by 47.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 49,923 shares of the real estate investment trust’s stock valued at $983,000 after acquiring an additional 16,160 shares during the period. Candriam Luxembourg S.C.A. purchased a new stake in shares of Sabra Health Care REIT during the 2nd quarter valued at approximately $470,000. Advisory Services Network LLC lifted its stake in shares of Sabra Health Care REIT by 61.6% during the 2nd quarter. Advisory Services Network LLC now owns 18,852 shares of the real estate investment trust’s stock valued at $371,000 after buying an additional 7,189 shares in the last quarter. Finally, Westpac Banking Corp lifted its stake in Sabra Health Care REIT by 98.5% in the 2nd quarter. Westpac Banking Corp now owns 360,445 shares of the real estate investment trust’s stock worth $7,097,000 after purchasing an additional 178,837 shares in the last quarter. Institutional investors own 88.01% of the company’s stock.
In other Sabra Health Care REIT news, Director Michael J. Foster sold 15,000 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $20.78, for a total value of $311,700.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is currently owned by company insiders.
Shares of SBRA stock traded up $0.34 on Thursday, hitting $21.99. 39,739 shares of the company’s stock traded hands, compared to its average volume of 1,571,212. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.68 and a current ratio of 1.68. Sabra Health Care REIT Inc has a one year low of $15.70 and a one year high of $23.83. The company’s fifty day simple moving average is $20.72 and its 200 day simple moving average is $19.68. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 9.60, a P/E/G ratio of 12.13 and a beta of 0.89.
Sabra Health Care REIT (NASDAQ:SBRA) last released its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.47 by ($0.01). Sabra Health Care REIT had a net margin of 3.37% and a return on equity of 0.67%. The business had revenue of $219.37 million for the quarter, compared to the consensus estimate of $162.17 million. As a group, sell-side analysts anticipate that Sabra Health Care REIT Inc will post 1.87 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Tuesday, August 20th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 8.19%. The ex-dividend date of this dividend is Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio is currently 78.60%.
Sabra Health Care REIT Company Profile
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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