Comerica Bank lowered its stake in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 6.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 361,893 shares of the real estate investment trust’s stock after selling 23,811 shares during the period. Comerica Bank’s holdings in Sabra Health Care REIT were worth $7,737,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Qube Research & Technologies Ltd bought a new position in Sabra Health Care REIT in the second quarter valued at approximately $115,000. US Bancorp DE lifted its position in shares of Sabra Health Care REIT by 91.5% in the second quarter. US Bancorp DE now owns 5,699 shares of the real estate investment trust’s stock worth $124,000 after purchasing an additional 2,723 shares in the last quarter. Centaurus Financial Inc. bought a new stake in shares of Sabra Health Care REIT in the second quarter worth $125,000. NEXT Financial Group Inc bought a new stake in shares of Sabra Health Care REIT in the third quarter worth $132,000. Finally, Winslow Evans & Crocker Inc. bought a new stake in shares of Sabra Health Care REIT in the third quarter worth $162,000. 90.72% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ SBRA opened at $21.28 on Friday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.16 and a current ratio of 2.88. Sabra Health Care REIT Inc has a 1 year low of $15.77 and a 1 year high of $23.83. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 8.76, a PEG ratio of 2.78 and a beta of 0.56.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.42). Sabra Health Care REIT had a return on equity of 11.80% and a net margin of 61.85%. The firm had revenue of $151.80 million for the quarter, compared to the consensus estimate of $162.64 million. Equities research analysts anticipate that Sabra Health Care REIT Inc will post 2.29 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.46%. The ex-dividend date of this dividend is Wednesday, November 14th. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently 74.07%.

A number of analysts have recently commented on SBRA shares. Jefferies Financial Group reissued a “$21.91” rating and issued a $22.00 price objective on shares of Sabra Health Care REIT in a research report on Wednesday, July 18th. BidaskClub raised shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating in a research report on Saturday, August 18th. Raymond James boosted their price objective on shares of Sabra Health Care REIT from $22.00 to $24.00 and gave the stock a “buy” rating in a research report on Friday, August 17th. Mizuho reissued a “buy” rating and issued a $26.00 price objective on shares of Sabra Health Care REIT in a research report on Monday, August 13th. Finally, Zacks Investment Research lowered shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Sabra Health Care REIT currently has a consensus rating of “Hold” and a consensus target price of $22.73.

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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.

Read More: Compound Annual Growth Rate (CAGR)

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Institutional Ownership by Quarter for Sabra Health Care REIT (NASDAQ:SBRA)

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