Securian Asset Management Inc Has $1.57 Million Stake in Sabra Health Care REIT Inc (NASDAQ:SBRA)

Securian Asset Management Inc trimmed its position in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 32.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,529 shares of the real estate investment trust’s stock after selling 37,773 shares during the period. Securian Asset Management Inc’s holdings in Sabra Health Care REIT were worth $1,565,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SBRA. Centersquare Investment Management LLC grew its stake in Sabra Health Care REIT by 319,577.4% during the first quarter. Centersquare Investment Management LLC now owns 3,219,151 shares of the real estate investment trust’s stock worth $62,676,000 after buying an additional 3,218,144 shares in the last quarter. Principal Financial Group Inc. grew its stake in Sabra Health Care REIT by 342.1% during the first quarter. Principal Financial Group Inc. now owns 3,490,597 shares of the real estate investment trust’s stock worth $67,962,000 after buying an additional 2,701,133 shares in the last quarter. FMR LLC grew its stake in Sabra Health Care REIT by 4.5% during the first quarter. FMR LLC now owns 6,095,981 shares of the real estate investment trust’s stock worth $118,689,000 after buying an additional 263,481 shares in the last quarter. Geode Capital Management LLC grew its stake in Sabra Health Care REIT by 13.8% during the fourth quarter. Geode Capital Management LLC now owns 2,134,155 shares of the real estate investment trust’s stock worth $35,170,000 after buying an additional 258,266 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in Sabra Health Care REIT by 39.7% during the first quarter. Nordea Investment Management AB now owns 745,352 shares of the real estate investment trust’s stock worth $14,512,000 after buying an additional 211,698 shares in the last quarter. Hedge funds and other institutional investors own 88.01% of the company’s stock.

A number of brokerages have issued reports on SBRA. Zacks Investment Research downgraded shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub upgraded shares of Sabra Health Care REIT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 10th. Finally, TheStreet upgraded shares of Sabra Health Care REIT from a “c+” rating to a “b” rating in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $20.20.

In other news, Director Michael J. Foster sold 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were sold at an average price of $20.78, for a total value of $311,700.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.20% of the company’s stock.

SBRA opened at $21.54 on Friday. The company’s 50 day moving average is $20.78 and its 200-day moving average is $19.70. Sabra Health Care REIT Inc has a 1-year low of $15.70 and a 1-year high of $23.83. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.82. The company has a market cap of $4.10 billion, a P/E ratio of 10.88, a PEG ratio of 12.19 and a beta of 0.89.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.01). Sabra Health Care REIT had a net margin of 3.37% and a return on equity of 0.67%. The company had revenue of $219.37 million during the quarter, compared to analyst estimates of $162.17 million. On average, equities analysts forecast that Sabra Health Care REIT Inc will post 1.87 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th will be paid a $0.45 dividend. The ex-dividend date is Monday, August 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.36%. Sabra Health Care REIT’s payout ratio is currently 78.60%.

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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