Sabra Health Care REIT Inc (NASDAQ:SBRA) Stake Raised by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its position in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 19.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 37,667 shares of the real estate investment trust’s stock after acquiring an additional 6,191 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Sabra Health Care REIT were worth $819,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in Sabra Health Care REIT by 5.5% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 170,642 shares of the real estate investment trust’s stock worth $3,012,000 after purchasing an additional 8,935 shares during the period. SG Americas Securities LLC increased its holdings in shares of Sabra Health Care REIT by 20.3% in the 1st quarter. SG Americas Securities LLC now owns 46,939 shares of the real estate investment trust’s stock valued at $828,000 after acquiring an additional 7,923 shares during the last quarter. Swiss National Bank grew its stake in Sabra Health Care REIT by 3.9% during the 1st quarter. Swiss National Bank now owns 311,341 shares of the real estate investment trust’s stock worth $5,495,000 after buying an additional 11,800 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Sabra Health Care REIT by 6.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,149,865 shares of the real estate investment trust’s stock worth $20,296,000 after buying an additional 72,029 shares during the last quarter. Finally, ING Groep NV purchased a new position in Sabra Health Care REIT during the 1st quarter worth approximately $478,000. 90.40% of the stock is owned by institutional investors.

NASDAQ SBRA opened at $22.45 on Tuesday. Sabra Health Care REIT Inc has a 1-year low of $15.77 and a 1-year high of $23.83. The company has a market capitalization of $4.12 billion, a P/E ratio of 9.23, a PEG ratio of 2.74 and a beta of 0.62. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 1.00.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $1.08 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.75. Sabra Health Care REIT had a return on equity of 11.21% and a net margin of 62.60%. The firm had revenue of $166.31 million during the quarter, compared to the consensus estimate of $166.62 million. On average, equities research analysts expect that Sabra Health Care REIT Inc will post 2.47 EPS for the current fiscal year.

A number of analysts have weighed in on SBRA shares. BMO Capital Markets started coverage on Sabra Health Care REIT in a research report on Tuesday, September 18th. They set a “market perform” rating and a $24.00 price objective for the company. BidaskClub raised Sabra Health Care REIT from a “hold” rating to a “buy” rating in a research report on Saturday, August 18th. Raymond James increased their price objective on Sabra Health Care REIT from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 17th. ValuEngine raised Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Finally, Zacks Investment Research raised Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $22.73.

Sabra Health Care REIT Company Profile

As of June 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 352 Skilled Nursing/Transitional Care facilities, (ii) 89 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 asset held for sale, 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), 13 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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