Metropolitan Life Insurance Co NY grew its holdings in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 3.2% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 117,013 shares of the real estate investment trust’s stock after acquiring an additional 3,602 shares during the period. Metropolitan Life Insurance Co NY’s holdings in Sabra Health Care REIT were worth $2,687,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC acquired a new position in shares of Sabra Health Care REIT during the 2nd quarter worth approximately $28,000. Private Ocean LLC acquired a new stake in Sabra Health Care REIT during the 3rd quarter valued at $36,000. Enterprise Financial Services Corp boosted its position in Sabra Health Care REIT by 81.9% during the second quarter. Enterprise Financial Services Corp now owns 2,166 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 975 shares during the period. Stonebridge Capital Advisors LLC bought a new position in Sabra Health Care REIT during the second quarter worth $54,000. Finally, CSat Investment Advisory L.P. acquired a new position in shares of Sabra Health Care REIT in the second quarter valued at $116,000. 90.05% of the stock is owned by institutional investors.

SBRA opened at $21.67 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.35 and a quick ratio of 1.35. The business has a fifty day simple moving average of $22.90 and a 200 day simple moving average of $21.38. Sabra Health Care REIT Inc has a 1 year low of $15.70 and a 1 year high of $24.95. The company has a market capitalization of $4.32 billion, a PE ratio of 9.46, a price-to-earnings-growth ratio of -5.69 and a beta of 0.76.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.34). Sabra Health Care REIT had a return on equity of 0.31% and a net margin of 1.53%. The firm had revenue of $149.83 million for the quarter, compared to the consensus estimate of $153.39 million. Equities analysts anticipate that Sabra Health Care REIT Inc will post 1.87 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.45 dividend. The ex-dividend date was Thursday, November 14th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 8.31%. Sabra Health Care REIT’s payout ratio is presently 78.60%.

In related news, CEO Richard K. Matros sold 113,000 shares of the company’s stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $24.05, for a total value of $2,717,650.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.20% of the company’s stock.

A number of research firms have recently issued reports on SBRA. BidaskClub cut shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. ValuEngine downgraded shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a report on Monday, November 25th. Citigroup lowered shares of Sabra Health Care REIT from a “neutral” rating to a “sell” rating and upped their price target for the company from $18.00 to $20.00 in a research note on Monday, September 23rd. Zacks Investment Research raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Saturday, November 23rd. Finally, TheStreet downgraded shares of Sabra Health Care REIT from a “b” rating to a “c+” rating in a research report on Friday, November 1st. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $21.60.

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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