Wedbush Securities Inc. increased its holdings in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 11.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 24,656 shares of the real estate investment trust’s stock after buying an additional 2,457 shares during the quarter. Wedbush Securities Inc.’s holdings in Sabra Health Care REIT were worth $570,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Qube Research & Technologies Ltd bought a new position in shares of Sabra Health Care REIT in the 2nd quarter worth about $115,000. US Bancorp DE increased its stake 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 acquiring an additional 2,723 shares in the last quarter. NEXT Financial Group Inc bought a new position in shares of Sabra Health Care REIT in the 3rd quarter worth about $132,000. Centaurus Financial Inc. bought a new position in shares of Sabra Health Care REIT in the 2nd quarter worth about $125,000. Finally, Winslow Evans & Crocker Inc. bought a new position in shares of Sabra Health Care REIT in the 3rd quarter worth about $162,000. Institutional investors own 92.24% of the company’s stock.

Shares of SBRA stock opened at $19.27 on Friday. Sabra Health Care REIT Inc has a one year low of $15.77 and a one year high of $23.83. The stock has a market cap of $3.46 billion, a P/E ratio of 8.04, a PEG ratio of 2.42 and a beta of 0.54. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 1.00.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.42). Sabra Health Care REIT had a net margin of 61.85% and a return on equity of 11.80%. The firm had revenue of $151.80 million for the quarter, compared to analysts’ expectations of $162.64 million. On average, analysts forecast that Sabra Health Care REIT Inc will post 2.35 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Thursday, November 15th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.34%. The ex-dividend date of this dividend was Wednesday, November 14th. Sabra Health Care REIT’s payout ratio is presently 74.07%.

Several research analysts recently issued reports on the stock. BidaskClub upgraded shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Saturday. Zacks Investment Research upgraded shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, October 31st. Citigroup set a $18.00 price target on shares of Sabra Health Care REIT and gave the stock a “hold” rating in a research note on Tuesday, November 20th. ValuEngine lowered shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research note on Thursday, November 15th. Finally, Mizuho lowered shares of Sabra Health Care REIT from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a research note on Tuesday, November 13th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.00.

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About Sabra Health Care REIT

As of September 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 350 Skilled Nursing/Transitional Care facilities, (ii) 91 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 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), 11 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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