RPG Investment Advisory LLC decreased its holdings in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 1.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 282,993 shares of the real estate investment trust’s stock after selling 3,840 shares during the period. Sabra Health Care REIT makes up approximately 1.4% of RPG Investment Advisory LLC’s holdings, making the stock its 28th largest position. RPG Investment Advisory LLC owned approximately 0.16% of Sabra Health Care REIT worth $6,543,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Capital Fund Management S.A. purchased a new position in Sabra Health Care REIT in the second quarter valued at about $2,169,000. OppenheimerFunds Inc. increased its holdings in Sabra Health Care REIT by 112.0% in the second quarter. OppenheimerFunds Inc. now owns 68,422 shares of the real estate investment trust’s stock valued at $1,487,000 after buying an additional 36,144 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Sabra Health Care REIT by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 2,663,709 shares of the real estate investment trust’s stock valued at $57,881,000 after buying an additional 12,607 shares in the last quarter. Price Capital Management Inc. purchased a new position in Sabra Health Care REIT in the second quarter valued at about $756,000. Finally, Standard Life Aberdeen plc purchased a new position in Sabra Health Care REIT in the second quarter valued at about $507,000. Institutional investors and hedge funds own 90.72% of the company’s stock.
A number of brokerages have issued reports on SBRA. ValuEngine raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. BidaskClub cut shares of Sabra Health Care REIT from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 18th. Raymond James increased 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. Zacks Investment Research cut shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a report on Saturday, October 13th. Finally, Mizuho reissued a “buy” rating and set a $26.00 price objective on shares of Sabra Health Care REIT in a research note on Monday, August 13th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $22.73.
Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.42). The company had revenue of $151.80 million during the quarter, compared to analyst estimates of $162.64 million. Sabra Health Care REIT had a net margin of 62.60% and a return on equity of 11.21%. As a group, equities research analysts anticipate that Sabra Health Care REIT Inc will post 2.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be issued a $0.45 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.45%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 74.07%.
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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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