Macquarie Group Ltd. boosted its position in shares of Sabra Healthcare REIT Inc. (NASDAQ:SBRA) by 15.5% during the second quarter, Holdings Channel reports. The fund owned 18,103 shares of the company’s stock after buying an additional 2,425 shares during the period. Macquarie Group Ltd.’s holdings in Sabra Healthcare REIT were worth $373,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of SBRA. Nuveen Asset Management LLC raised its stake in shares of Sabra Healthcare REIT by 1,393.6% in the second quarter. Nuveen Asset Management LLC now owns 1,021,636 shares of the company’s stock worth $21,081,000 after buying an additional 953,235 shares during the last quarter. Norges Bank purchased a new stake in shares of Sabra Healthcare REIT during the fourth quarter worth approximately $12,022,000. Vanguard Group Inc. raised its stake in shares of Sabra Healthcare REIT by 3.0% in the second quarter. Vanguard Group Inc. now owns 10,251,855 shares of the company’s stock worth $211,547,000 after buying an additional 302,868 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Sabra Healthcare REIT by 74.2% in the second quarter. JPMorgan Chase & Co. now owns 664,139 shares of the company’s stock worth $13,705,000 after buying an additional 282,887 shares during the last quarter. Finally, Systematic Financial Management LP bought a new stake in shares of Sabra Healthcare REIT during the second quarter worth approximately $4,343,000. 92.14% of the stock is owned by institutional investors and hedge funds.
Shares of Sabra Healthcare REIT Inc. (NASDAQ:SBRA) opened at 25.23 on Friday. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 30.14 and a beta of 1.20. The stock’s 50 day moving average is $24.69 and its 200-day moving average is $22.16. Sabra Healthcare REIT Inc. has a 12-month low of $14.92 and a 12-month high of $26.40.
Sabra Healthcare REIT (NASDAQ:SBRA) last released its earnings results on Monday, August 1st. The company reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Sabra Healthcare REIT had a net margin of 24.63% and a return on equity of 6.27%. The company had revenue of $74.20 million for the quarter, compared to analysts’ expectations of $56.04 million. During the same quarter in the previous year, the company earned $0.53 EPS. Sabra Healthcare REIT’s revenue for the quarter was up 31.1% on a year-over-year basis. On average, analysts expect that Sabra Healthcare REIT Inc. will post $2.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 6.66%. The ex-dividend date was Thursday, August 11th. Sabra Healthcare REIT’s payout ratio is currently 202.41%.
SBRA has been the subject of a number of recent research reports. Zacks Investment Research lowered Sabra Healthcare REIT from a “buy” rating to a “hold” rating in a report on Friday, July 22nd. Cantor Fitzgerald reissued a “buy” rating on shares of Sabra Healthcare REIT in a report on Friday, September 9th. Citigroup Inc. boosted their price objective on Sabra Healthcare REIT from $22.00 to $24.00 and gave the stock a “neutral” rating in a report on Wednesday, August 17th. BTIG Research began coverage on Sabra Healthcare REIT in a report on Thursday, August 25th. They issued a “neutral” rating for the company. Finally, JMP Securities reaffirmed a “hold” rating on shares of Sabra Healthcare REIT in a report on Friday, September 9th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $23.18.
About Sabra Healthcare REIT
Sabra Health Care REIT, Inc is a real estate investment trust. The Company owns and invests in real estate serving the healthcare industry. The Company’s segment is investments in healthcare-related real estate properties. Its primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.
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