Raymond James Trust N.A. Reduces Stake in Sabra Health Care REIT Inc (NASDAQ:SBRA)

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Raymond James Trust N.A. lowered its stake in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,931 shares of the real estate investment trust’s stock after selling 665 shares during the quarter. Raymond James Trust N.A.’s holdings in Sabra Health Care REIT were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Private Ocean LLC bought a new stake in shares of Sabra Health Care REIT during the third quarter valued at about $36,000. Stonebridge Capital Advisors LLC purchased a new stake in shares of Sabra Health Care REIT in the second quarter worth about $54,000. CSat Investment Advisory L.P. purchased a new stake in shares of Sabra Health Care REIT in the second quarter worth about $116,000. Whittier Trust Co. boosted its position in shares of Sabra Health Care REIT by 230.2% in the third quarter. Whittier Trust Co. now owns 5,702 shares of the real estate investment trust’s stock valued at $131,000 after acquiring an additional 3,975 shares during the period. Finally, Trustcore Financial Services LLC boosted its position in shares of Sabra Health Care REIT by 7.7% in the third quarter. Trustcore Financial Services LLC now owns 5,972 shares of the real estate investment trust’s stock valued at $137,000 after acquiring an additional 425 shares during the period. Institutional investors and hedge funds own 86.18% of the company’s stock.

In related news, CEO Richard K. Matros sold 113,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $24.05, for a total value of $2,717,650.00. The sale was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

Several equities analysts recently commented on the stock. TheStreet cut shares of Sabra Health Care REIT from a “b” rating to a “c+” rating in a research note on Friday, November 1st. JMP Securities increased their target price on shares of Sabra Health Care REIT from $22.00 to $23.00 and gave the stock a “market outperform” rating in a research note on Friday, September 27th. Zacks Investment Research raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Citigroup upgraded shares of Sabra Health Care REIT from a “sell” rating to a “neutral” rating and set a $20.00 price target for the company in a research report on Wednesday, December 18th. Finally, BidaskClub upgraded shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $22.60.

NASDAQ:SBRA opened at $22.03 on Monday. The business’s 50-day moving average price is $21.42 and its two-hundred day moving average price is $21.80. Sabra Health Care REIT Inc has a twelve month low of $17.31 and a twelve month high of $24.95. The stock has a market cap of $4.52 billion, a P/E ratio of 734.58, a PEG ratio of -5.69 and a beta of 0.75. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.79.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.34). Sabra Health Care REIT had a net margin of 1.53% and a return on equity of 0.31%. The business had revenue of $149.83 million for the quarter, compared to the consensus estimate of $153.39 million. On average, equities research analysts expect that Sabra Health Care REIT Inc will post 1.86 EPS for the current fiscal year.

Sabra Health Care REIT 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.

Read More: Dividend Reinvestment Plan (DRIP)

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

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