NEXT Financial Group Inc Purchases 3,212 Shares of Sabra Health Care REIT Inc (NASDAQ:SBRA)

NEXT Financial Group Inc boosted its position in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 62.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,371 shares of the real estate investment trust’s stock after acquiring an additional 3,212 shares during the period. NEXT Financial Group Inc’s holdings in Sabra Health Care REIT were worth $165,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Centaurus Financial Inc. bought a new position in Sabra Health Care REIT during the first quarter valued at about $34,000. Wealthcare Advisory Partners LLC grew its stake in shares of Sabra Health Care REIT by 491.4% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,419 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,010 shares during the period. Advisory Services Network LLC grew its stake in shares of Sabra Health Care REIT by 22.7% in the 4th quarter. Advisory Services Network LLC now owns 4,510 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 834 shares during the period. Signaturefd LLC grew its stake in shares of Sabra Health Care REIT by 43.7% in the 1st quarter. Signaturefd LLC now owns 3,924 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 1,194 shares during the period. Finally, Trustcore Financial Services LLC grew its stake in shares of Sabra Health Care REIT by 32.8% in the 1st quarter. Trustcore Financial Services LLC now owns 5,072 shares of the real estate investment trust’s stock valued at $99,000 after purchasing an additional 1,254 shares during the period. Hedge funds and other institutional investors own 89.26% of the company’s stock.

Several equities research analysts have recently weighed in on SBRA shares. TheStreet lowered Sabra Health Care REIT from a “b-” rating to a “c+” rating in a research note on Monday, July 1st. Zacks Investment Research upgraded Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Friday, June 21st. Finally, BidaskClub upgraded Sabra Health Care REIT from a “hold” rating to a “buy” rating in a research note on Thursday, July 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $20.50.

NASDAQ SBRA opened at $20.29 on Tuesday. The company has a market cap of $3.64 billion, a price-to-earnings ratio of 8.85, a PEG ratio of 11.54 and a beta of 0.89. Sabra Health Care REIT Inc has a one year low of $15.70 and a one year high of $23.83. The stock’s 50 day simple moving average is $20.21. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.50 and a current ratio of 1.50.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.44) EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.94). The business had revenue of $136.77 million for the quarter, compared to the consensus estimate of $144.87 million. Sabra Health Care REIT had a return on equity of 4.25% and a net margin of 23.38%. On average, research analysts anticipate that Sabra Health Care REIT Inc will post 1.89 earnings per share for the current year.

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.

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

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