NEXT Financial Group Inc bought a new position in Sabra Health Care REIT Inc (NASDAQ:SBRA) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 5,700 shares of the real estate investment trust’s stock, valued at approximately $132,000.

Several other hedge funds and other institutional investors have also made changes to their positions in SBRA. Tocqueville Asset Management L.P. raised its holdings in shares of Sabra Health Care REIT by 11.9% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 21,747 shares of the real estate investment trust’s stock worth $473,000 after purchasing an additional 2,306 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of Sabra Health Care REIT by 14.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 19,786 shares of the real estate investment trust’s stock worth $430,000 after purchasing an additional 2,525 shares during the period. US Bancorp DE raised its holdings in shares of Sabra Health Care REIT by 91.5% in the 2nd quarter. US Bancorp DE now owns 5,699 shares of the real estate investment trust’s stock worth $124,000 after purchasing an additional 2,723 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Sabra Health Care REIT by 4.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 69,494 shares of the real estate investment trust’s stock worth $1,510,000 after purchasing an additional 3,173 shares during the period. Finally, Arizona State Retirement System raised its holdings in shares of Sabra Health Care REIT by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 123,777 shares of the real estate investment trust’s stock worth $2,690,000 after purchasing an additional 3,177 shares during the period. Hedge funds and other institutional investors own 90.40% of the company’s stock.

A number of equities research analysts have issued reports on SBRA shares. Mizuho reissued a “buy” rating and set a $26.00 target price on shares of Sabra Health Care REIT in a report on Monday, August 13th. Raymond James boosted their target price on shares of Sabra Health Care REIT from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday, August 17th. BMO Capital Markets started coverage on shares of Sabra Health Care REIT in a report on Tuesday, September 18th. They set a “market perform” rating and a $24.00 target price on the stock. ValuEngine raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Finally, Jefferies Financial Group reissued a “$21.91” rating and set a $22.00 target price on shares of Sabra Health Care REIT in a report on Wednesday, July 18th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $22.73.

Shares of SBRA stock opened at $21.19 on Friday. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 1.00. Sabra Health Care REIT Inc has a 1 year low of $15.77 and a 1 year high of $23.83. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 2.74 and a beta of 0.62.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its earnings results on Wednesday, August 8th. The real estate investment trust reported $1.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.33 by $0.75. Sabra Health Care REIT had a net margin of 62.60% and a return on equity of 11.21%. The business had revenue of $166.31 million for the quarter, compared to analysts’ expectations of $166.62 million. As a group, sell-side analysts expect that Sabra Health Care REIT Inc will post 2.47 EPS for the current fiscal year.

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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