Sterling Capital Management LLC acquired a new stake in Sabra Health Care REIT Inc (NASDAQ:SBRA) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 39,642 shares of the real estate investment trust’s stock, valued at approximately $917,000.
Other large investors have also recently bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new position in Sabra Health Care REIT during the 2nd quarter valued at about $115,000. US Bancorp DE boosted its position in shares of Sabra Health Care REIT by 91.5% in the second quarter. US Bancorp DE now owns 5,699 shares of the real estate investment trust’s stock worth $124,000 after acquiring an additional 2,723 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Sabra Health Care REIT in the second quarter worth approximately $125,000. NEXT Financial Group Inc acquired a new stake in shares of Sabra Health Care REIT in the third quarter worth approximately $132,000. Finally, Winslow Evans & Crocker Inc. acquired a new stake in shares of Sabra Health Care REIT in the third quarter worth approximately $162,000. Institutional investors own 92.24% of the company’s stock.
SBRA stock traded up $0.01 during mid-day trading on Monday, reaching $19.30. The company had a trading volume of 1,689,619 shares, compared to its average volume of 1,685,527. The company has a quick ratio of 2.88, a current ratio of 2.88 and a debt-to-equity ratio of 1.00. 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 market cap of $3.44 billion, a price-to-earnings ratio of 7.94, a P/E/G ratio of 2.41 and a beta of 0.54.
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 30th. Shareholders of record on Thursday, November 15th were issued a $0.45 dividend. The ex-dividend date was Wednesday, November 14th. This represents a $1.80 annualized dividend and a yield of 9.33%. Sabra Health Care REIT’s dividend payout ratio is presently 74.07%.
Several brokerages have recently issued reports on SBRA. Zacks Investment Research raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. BidaskClub downgraded shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a report on Tuesday, November 20th. Citigroup set a $18.00 price target on shares of Sabra Health Care REIT and gave the stock a “hold” rating in a research report on Tuesday, November 20th. ValuEngine cut Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research note on Thursday, November 15th. Finally, Mizuho cut Sabra Health Care REIT from a “buy” rating to a “neutral” rating and set a $21.00 target price for the company. in a research report on Tuesday, November 13th. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the stock. Sabra Health Care REIT presently has an average rating of “Hold” and a consensus price target of $22.00.
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Sabra Health Care REIT 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.
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