Bank of Montreal Can Has $3.25 Million Stake in Sabra Health Care REIT Inc (SBRA)

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Bank of Montreal Can raised its holdings in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 167,038 shares of the real estate investment trust’s stock after acquiring an additional 2,407 shares during the quarter. Bank of Montreal Can owned approximately 0.09% of Sabra Health Care REIT worth $3,252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of Sabra Health Care REIT by 128.4% during the 4th quarter. IFP Advisors Inc now owns 3,099 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,742 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Sabra Health Care REIT by 913.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,112 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 2,805 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of Sabra Health Care REIT during the 4th quarter worth $55,000. Fort L.P. purchased a new position in shares of Sabra Health Care REIT during the 4th quarter worth $68,000. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Sabra Health Care REIT by 1,548.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,159,764 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 1,089,390 shares during the period. Institutional investors and hedge funds own 85.97% of the company’s stock.

Shares of SBRA stock opened at $19.86 on Wednesday. The firm has a market cap of $3.55 billion, a PE ratio of 8.67, a PEG ratio of 10.48 and a beta of 1.00. Sabra Health Care REIT Inc has a one year low of $15.70 and a one year high of $23.83. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.83 and a current ratio of 1.50.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.94). The company had revenue of $136.77 million during the quarter, compared to the consensus estimate of $144.87 million. Sabra Health Care REIT had a net margin of 23.38% and a return on equity of 4.25%. On average, equities analysts forecast that Sabra Health Care REIT Inc will post 1.94 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 20th will be issued a $0.45 dividend. The ex-dividend date is Friday, May 17th. This represents a $1.80 dividend on an annualized basis and a yield of 9.06%. Sabra Health Care REIT’s dividend payout ratio is currently 78.60%.

SBRA has been the topic of several recent analyst reports. BidaskClub upgraded shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research report on Thursday, February 21st. ValuEngine upgraded shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research report on Thursday, March 14th. Finally, BMO Capital Markets downgraded shares of Sabra Health Care REIT from a “market perform” rating to an “underperform” rating in a research report on Tuesday, February 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company’s stock. Sabra Health Care REIT presently has a consensus rating of “Hold” and an average target price of $21.33.

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Sabra Health Care REIT Company 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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