JPMorgan Chase & Co. Raises Stake in Sabra Healthcare REIT Inc. (SBRA)
JPMorgan Chase & Co. boosted its stake in Sabra Healthcare REIT Inc. (NASDAQ:SBRA) by 74.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 664,139 shares of the company’s stock after buying an additional 282,887 shares during the period. JPMorgan Chase & Co. owned approximately 1.02% of Sabra Healthcare REIT worth $13,705,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of SBRA. Renaissance Technologies LLC bought a new position in Sabra Healthcare REIT during the first quarter valued at approximately $1,770,000. Kennedy Capital Management Inc. raised its position in Sabra Healthcare REIT by 30.0% in the first quarter. Kennedy Capital Management Inc. now owns 486,457 shares of the company’s stock valued at $9,773,000 after buying an additional 112,169 shares during the last quarter. State Street Corp raised its position in Sabra Healthcare REIT by 3.8% in the first quarter. State Street Corp now owns 1,314,831 shares of the company’s stock valued at $26,408,000 after buying an additional 48,078 shares during the last quarter. M&T Bank Corp bought a new position in Sabra Healthcare REIT during the first quarter valued at approximately $349,000. Finally, Menta Capital LLC bought a new position in Sabra Healthcare REIT during the first quarter valued at approximately $1,189,000. Institutional investors and hedge funds own 92.14% of the company’s stock.
Sabra Healthcare REIT Inc. (NASDAQ:SBRA) traded down 0.20% during mid-day trading on Friday, reaching $25.18. The company’s stock had a trading volume of 889,659 shares. The stock’s 50 day moving average is $24.70 and its 200 day moving average is $22.19. Sabra Healthcare REIT Inc. has a one year low of $14.92 and a one year high of $26.40. The firm has a market cap of $1.64 billion, a PE ratio of 30.08 and a beta of 1.20.
Sabra Healthcare REIT (NASDAQ:SBRA) last released its earnings results on Monday, August 1st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.03. The firm earned $74.20 million during the quarter, compared to analyst estimates of $56.04 million. Sabra Healthcare REIT had a return on equity of 6.27% and a net margin of 24.63%. Sabra Healthcare REIT’s revenue was up 31.1% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. On average, analysts anticipate that Sabra Healthcare REIT Inc. will post $2.28 EPS for the current year.
SBRA has been the subject of several recent research reports. TheStreet raised Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. BTIG Research initiated coverage on Sabra Healthcare REIT in a research report on Thursday, August 25th. They issued a “neutral” rating for the company. JMP Securities reissued a “hold” rating on shares of Sabra Healthcare REIT in a research report on Friday, September 9th. Cantor Fitzgerald reissued a “buy” rating on shares of Sabra Healthcare REIT in a research report on Friday, August 19th. Finally, Citigroup Inc. boosted their price target on Sabra Healthcare REIT from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Sabra Healthcare REIT has an average rating of “Hold” and a consensus price target of $23.18.
About Sabra Healthcare REIT
Sabra Health Care REIT, Inc is a real estate investment trust. The Company owns and invests in real estate serving the healthcare industry. The Company’s segment is investments in healthcare-related real estate properties. Its primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.
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