Hsbc Holdings PLC Boosts Stake in Sabra Health Care REIT Inc (NASDAQ:SBRA)

Hsbc Holdings PLC raised its holdings in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 5.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,452 shares of the real estate investment trust’s stock after purchasing an additional 1,160 shares during the period. Hsbc Holdings PLC’s holdings in Sabra Health Care REIT were worth $387,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Raymond James Financial Services Advisors Inc. raised its position in shares of Sabra Health Care REIT by 0.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 94,721 shares of the real estate investment trust’s stock valued at $1,561,000 after buying an additional 669 shares during the last quarter. Retirement Systems of Alabama increased its position in Sabra Health Care REIT by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 231,156 shares of the real estate investment trust’s stock worth $3,809,000 after purchasing an additional 758 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its position in Sabra Health Care REIT by 5.4% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 17,322 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 880 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Sabra Health Care REIT by 3.3% during the fourth quarter. Daiwa Securities Group Inc. now owns 27,876 shares of the real estate investment trust’s stock worth $459,000 after purchasing an additional 900 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its position in Sabra Health Care REIT by 1.8% during the fourth quarter. State of Alaska Department of Revenue now owns 58,026 shares of the real estate investment trust’s stock worth $956,000 after purchasing an additional 1,045 shares during the last quarter. 86.95% of the stock is currently owned by institutional investors.

SBRA has been the subject of several research analyst reports. BMO Capital Markets reaffirmed a “hold” rating and set a $17.00 price target on shares of Sabra Health Care REIT in a research report on Monday, January 14th. ValuEngine lowered shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. BidaskClub upgraded shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. Finally, Zacks Investment Research downgraded shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $21.33.

Shares of SBRA stock traded up $0.36 on Friday, hitting $19.14. The stock had a trading volume of 1,058,444 shares, compared to its average volume of 1,678,423. The company has a market capitalization of $3.41 billion, a PE ratio of 8.36, a price-to-earnings-growth ratio of 10.41 and a beta of 1.01. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.99. Sabra Health Care REIT Inc has a 52-week low of $15.70 and a 52-week high of $23.83.

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About Sabra Health Care REIT

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

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