Great West Life Assurance Co. Can lessened its stake in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 5.8% during the 2nd quarter, Holdings Channel reports. The firm owned 132,224 shares of the real estate investment trust’s stock after selling 8,170 shares during the quarter. Great West Life Assurance Co. Can’s holdings in Sabra Health Care REIT were worth $2,874,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of SBRA. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Sabra Health Care REIT by 5.5% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 170,642 shares of the real estate investment trust’s stock worth $3,012,000 after purchasing an additional 8,935 shares during the period. SG Americas Securities LLC lifted its stake in Sabra Health Care REIT by 20.3% during the first quarter. SG Americas Securities LLC now owns 46,939 shares of the real estate investment trust’s stock worth $828,000 after purchasing an additional 7,923 shares during the period. Swiss National Bank lifted its stake in Sabra Health Care REIT by 3.9% during the first quarter. Swiss National Bank now owns 311,341 shares of the real estate investment trust’s stock worth $5,495,000 after purchasing an additional 11,800 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Sabra Health Care REIT by 6.7% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,149,865 shares of the real estate investment trust’s stock worth $20,296,000 after purchasing an additional 72,029 shares during the period. Finally, ING Groep NV bought a new position in Sabra Health Care REIT during the first quarter worth about $478,000. Institutional investors own 90.38% of the company’s stock.

A number of research analysts have commented on SBRA shares. Raymond James upgraded shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating in a research note on Monday, May 21st. Mizuho restated a “buy” rating and set a $26.00 price target on shares of Sabra Health Care REIT in a research note on Monday, August 13th. Zacks Investment Research upgraded shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research note on Wednesday, July 11th. Jefferies Financial Group restated a “$21.91” rating and set a $22.00 price target on shares of Sabra Health Care REIT in a research note on Wednesday, July 18th. Finally, BidaskClub cut shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, July 25th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $22.73.

NASDAQ SBRA opened at $23.16 on Friday. The company has a market cap of $4.15 billion, a PE ratio of 9.53, a PEG ratio of 2.76 and a beta of 0.63. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.16 and a quick ratio of 3.16. Sabra Health Care REIT Inc has a 1-year low of $15.77 and a 1-year high of $23.83.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.75. The company had revenue of $166.31 million during the quarter, compared to analyst estimates of $166.62 million. Sabra Health Care REIT had a net margin of 62.60% and a return on equity of 11.21%. equities analysts predict that Sabra Health Care REIT Inc will post 2.47 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Stockholders of record on Saturday, August 18th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 7.77%. The ex-dividend date was Thursday, August 16th. Sabra Health Care REIT’s payout ratio is 74.07%.

About Sabra Health Care REIT

As of June 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 352 Skilled Nursing/Transitional Care facilities, (ii) 89 Senior Housing communities (?Senior Housing – Leased?), (iii) 24 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 asset held for sale, 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, (iv) one pre-development loan and (v) 17 other loans), 13 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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