Jennison Associates LLC raised its position in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 10.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 88,063 shares of the real estate investment trust’s stock after buying an additional 8,099 shares during the period. Jennison Associates LLC’s holdings in Sabra Health Care REIT were worth $1,715,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in shares of Sabra Health Care REIT by 6.4% during the first quarter. Janus Henderson Group PLC now owns 38,863 shares of the real estate investment trust’s stock worth $757,000 after purchasing an additional 2,340 shares in the last quarter. AlphaCrest Capital Management LLC acquired a new position in shares of Sabra Health Care REIT during the fourth quarter worth approximately $641,000. Chicago Equity Partners LLC lifted its position in shares of Sabra Health Care REIT by 14.5% during the fourth quarter. Chicago Equity Partners LLC now owns 19,580 shares of the real estate investment trust’s stock worth $323,000 after purchasing an additional 2,480 shares in the last quarter. Norges Bank acquired a new position in shares of Sabra Health Care REIT during the fourth quarter worth approximately $35,964,000. Finally, Metropolitan Life Insurance Co. NY lifted its position in shares of Sabra Health Care REIT by 65.9% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 113,918 shares of the real estate investment trust’s stock worth $1,877,000 after purchasing an additional 45,231 shares in the last quarter. Hedge funds and other institutional investors own 89.58% of the company’s stock.

Shares of SBRA traded up $0.02 on Wednesday, reaching $19.31. 19,123 shares of the company’s stock were exchanged, compared to its average volume of 1,672,233. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.50 and a quick ratio of 1.50. The company has a market cap of $3.47 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 10.71 and a beta of 0.92. Sabra Health Care REIT Inc has a 12 month low of $15.70 and a 12 month high of $23.83.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.94). The business had revenue of $136.77 million for the quarter, compared to the consensus estimate of $144.87 million. Sabra Health Care REIT had a return on equity of 4.25% and a net margin of 23.38%. As a group, analysts expect that Sabra Health Care REIT Inc will post 1.91 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date of this dividend was Friday, May 17th. Sabra Health Care REIT’s dividend payout ratio (DPR) is 78.60%.

A number of brokerages have recently issued reports on SBRA. Zacks Investment Research upgraded shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research report on Thursday, May 16th. BidaskClub lowered shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, ValuEngine lowered shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Sabra Health Care REIT has a consensus rating of “Hold” and a consensus price target of $20.71.

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Sabra Health Care REIT Profile

As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 Senior Housing communities (“Senior Housing – Leased”), (iii) 23 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 and (iv) 18 other loans), nine 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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