Fort L.P. Acquires Shares of 4,114 Sabra Health Care REIT Inc (SBRA)

Fort L.P. acquired a new position in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,114 shares of the real estate investment trust’s stock, valued at approximately $68,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SBRA. ARP Americas LP acquired a new stake in shares of Sabra Health Care REIT during the 4th quarter valued at $653,000. Magnus Financial Group LLC acquired a new stake in shares of Sabra Health Care REIT during the 4th quarter valued at $172,000. California State Teachers Retirement System boosted its stake in shares of Sabra Health Care REIT by 2.3% during the 4th quarter. California State Teachers Retirement System now owns 278,552 shares of the real estate investment trust’s stock valued at $4,591,000 after buying an additional 6,201 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Sabra Health Care REIT by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,808,783 shares of the real estate investment trust’s stock valued at $46,288,000 after buying an additional 25,419 shares during the period. Finally, Convergence Investment Partners LLC acquired a new stake in shares of Sabra Health Care REIT during the 4th quarter valued at $1,149,000. Hedge funds and other institutional investors own 85.78% of the company’s stock.

SBRA stock opened at $18.30 on Friday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.83 and a quick ratio of 1.83. Sabra Health Care REIT Inc has a 1 year low of $15.70 and a 1 year high of $23.83. The firm has a market capitalization of $3.26 billion, a P/E ratio of 7.47, a price-to-earnings-growth ratio of 2.32 and a beta of 1.00.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Investors of record on Friday, February 15th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 9.84%. The ex-dividend date of this dividend was Thursday, February 14th.

Several research firms recently issued reports on SBRA. ValuEngine raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Thursday. Zacks Investment Research lowered shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. BidaskClub lowered shares of Sabra Health Care REIT from a “sell” rating to a “strong sell” rating in a research note on Wednesday, February 27th. BMO Capital Markets lowered shares of Sabra Health Care REIT from a “market perform” rating to an “underperform” rating in a research note on Tuesday, February 26th. Finally, SunTrust Banks lowered shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Sabra Health Care REIT presently has an average rating of “Hold” and a consensus target price of $21.10.

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Sabra Health Care REIT Profile

As of September 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 350 Skilled Nursing/Transitional Care facilities, (ii) 91 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 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), 11 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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