Wedbush Securities Inc. Grows Holdings in Sabra Health Care REIT Inc (SBRA)

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Wedbush Securities Inc. grew its stake in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 11.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,656 shares of the real estate investment trust’s stock after buying an additional 2,457 shares during the period. Wedbush Securities Inc.’s holdings in Sabra Health Care REIT were worth $570,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Tocqueville Asset Management L.P. grew its stake in Sabra Health Care REIT by 11.9% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 21,747 shares of the real estate investment trust’s stock worth $473,000 after buying an additional 2,306 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Sabra Health Care REIT by 2.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 110,100 shares of the real estate investment trust’s stock valued at $2,546,000 after purchasing an additional 2,500 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in shares of Sabra Health Care REIT by 14.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 19,786 shares of the real estate investment trust’s stock valued at $430,000 after purchasing an additional 2,525 shares in the last quarter. US Bancorp DE boosted its stake in shares of Sabra Health Care REIT by 91.5% in the 2nd quarter. US Bancorp DE now owns 5,699 shares of the real estate investment trust’s stock valued at $124,000 after purchasing an additional 2,723 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Sabra Health Care REIT by 11.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 26,976 shares of the real estate investment trust’s stock valued at $624,000 after purchasing an additional 2,800 shares in the last quarter. 92.24% of the stock is owned by institutional investors and hedge funds.

NASDAQ:SBRA opened at $19.27 on Friday. Sabra Health Care REIT Inc has a 52 week low of $15.77 and a 52 week high of $23.83. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.88 and a quick ratio of 2.88. The firm has a market cap of $3.46 billion, a P/E ratio of 8.04, a PEG ratio of 2.42 and a beta of 0.54.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $151.80 million for the quarter, compared to the consensus estimate of $162.64 million. Equities research analysts expect that Sabra Health Care REIT Inc will post 2.35 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Investors of record on Thursday, November 15th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, November 14th. This represents a $1.80 dividend on an annualized basis and a yield of 9.34%. Sabra Health Care REIT’s dividend payout ratio is currently 74.07%.

SBRA has been the subject of a number of research reports. ValuEngine raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, October 9th. BidaskClub raised shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Zacks Investment Research cut shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research note on Saturday, October 13th. Bank of America cut shares of Sabra Health Care REIT from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $23.00 to $21.00 in a research note on Friday, November 16th. Finally, Raymond James cut shares of Sabra Health Care REIT from an “outperform” rating to a “market perform” rating in a research note on Friday, November 16th. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $22.00.

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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.

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

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