First Hawaiian Bank acquired a new position in Sabra Health Care REIT Inc (NASDAQ:SBRA) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 47,169 shares of the real estate investment trust’s stock, valued at approximately $1,091,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. 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% during the 2nd quarter. Commonwealth Equity Services LLC now owns 19,786 shares of the real estate investment trust’s stock valued at $430,000 after buying an additional 2,525 shares during the period. US Bancorp DE raised its holdings in shares of Sabra Health Care REIT by 91.5% during the 2nd quarter. US Bancorp DE now owns 5,699 shares of the real estate investment trust’s stock valued at $124,000 after buying 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% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 69,494 shares of the real estate investment trust’s stock valued at $1,510,000 after buying 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% during the 2nd quarter. Arizona State Retirement System now owns 123,777 shares of the real estate investment trust’s stock valued at $2,690,000 after buying an additional 3,177 shares during the period. Institutional investors own 90.23% of the company’s stock.

Shares of NASDAQ SBRA opened at $21.80 on Friday. Sabra Health Care REIT Inc has a fifty-two week low of $15.77 and a fifty-two week high of $23.83. The company has a quick ratio of 3.16, a current ratio of 3.16 and a debt-to-equity ratio of 1.00. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 2.61 and a beta of 0.62.

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

Several equities research analysts recently commented on the company. ValuEngine upgraded Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. BidaskClub downgraded Sabra Health Care REIT from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 18th. Raymond James raised their target price on Sabra Health Care REIT from $22.00 to $24.00 and gave the company a “buy” rating in a report on Friday, August 17th. Finally, Zacks Investment Research downgraded Sabra Health Care REIT from a “hold” rating to a “sell” rating in a report on Saturday, October 13th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $22.73.

Sabra Health Care REIT Profile

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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