Sabra Health Care REIT Inc (SBRA) Holdings Boosted by Creative Planning

Creative Planning boosted its holdings in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 1.6% during the first quarter, Holdings Channel reports. The institutional investor owned 42,024 shares of the real estate investment trust’s stock after acquiring an additional 660 shares during the quarter. Creative Planning’s holdings in Sabra Health Care REIT were worth $818,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Standard Life Aberdeen plc grew its holdings in shares of Sabra Health Care REIT by 1,796.3% in the third quarter. Standard Life Aberdeen plc now owns 442,670 shares of the real estate investment trust’s stock valued at $10,232,000 after purchasing an additional 419,326 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Sabra Health Care REIT by 221.8% in the third quarter. JPMorgan Chase & Co. now owns 1,779,693 shares of the real estate investment trust’s stock valued at $41,147,000 after purchasing an additional 1,226,574 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of Sabra Health Care REIT in the third quarter valued at about $8,186,000. Advisors Asset Management Inc. grew its holdings in shares of Sabra Health Care REIT by 13.8% in the third quarter. Advisors Asset Management Inc. now owns 22,563 shares of the real estate investment trust’s stock valued at $522,000 after purchasing an additional 2,740 shares during the period. Finally, Vanguard Group Inc grew its holdings in shares of Sabra Health Care REIT by 0.7% in the third quarter. Vanguard Group Inc now owns 26,162,826 shares of the real estate investment trust’s stock valued at $604,885,000 after purchasing an additional 173,363 shares during the period. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ SBRA opened at $20.00 on Friday. Sabra Health Care REIT Inc has a 12 month low of $15.70 and a 12 month high of $23.83. The company has a debt-to-equity ratio of 0.99, a quick ratio of 1.83 and a current ratio of 1.83. The stock has a market capitalization of $3.51 billion, a price-to-earnings ratio of 8.73, a P/E/G ratio of 10.63 and a beta of 1.00.

A number of equities research analysts recently issued reports on SBRA shares. BidaskClub raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. Zacks Investment Research raised shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a report on Thursday, February 21st. ValuEngine lowered shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a report on Tuesday, March 5th. Finally, BMO Capital Markets reissued a “hold” rating and issued a $17.00 price objective on shares of Sabra Health Care REIT in a report on Monday, January 14th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $21.33.

WARNING: This news story was published by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this news story on another site, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.baseballdailydigest.com/news/2019/05/05/sabra-health-care-reit-inc-sbra-holdings-boosted-by-creative-planning.html.

Sabra Health Care REIT Company 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.

See Also: Golden Cross

Want to see what other hedge funds are holding SBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sabra Health Care REIT Inc (NASDAQ:SBRA).

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

Receive News & Ratings for Sabra Health Care REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Health Care REIT and related companies with MarketBeat.com's FREE daily email newsletter.