Sabra Health Care REIT Inc (NASDAQ:SBRA) is RPG Investment Advisory LLC’s 10th Largest Position

RPG Investment Advisory LLC raised its position in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 0.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 357,436 shares of the real estate investment trust’s stock after buying an additional 1,170 shares during the period. Sabra Health Care REIT comprises about 1.9% of RPG Investment Advisory LLC’s holdings, making the stock its 10th largest holding. RPG Investment Advisory LLC owned about 0.19% of Sabra Health Care REIT worth $8,207,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Tocqueville Asset Management L.P. boosted its holdings in Sabra Health Care REIT by 9.1% in the second quarter. Tocqueville Asset Management L.P. now owns 17,206 shares of the real estate investment trust’s stock valued at $339,000 after purchasing an additional 1,438 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Sabra Health Care REIT by 82.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 208,626 shares of the real estate investment trust’s stock valued at $4,108,000 after buying an additional 94,551 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Sabra Health Care REIT by 88.2% in the second quarter. JPMorgan Chase & Co. now owns 1,854,854 shares of the real estate investment trust’s stock valued at $36,077,000 after buying an additional 869,179 shares in the last quarter. Creative Planning raised its stake in Sabra Health Care REIT by 1.2% in the second quarter. Creative Planning now owns 42,524 shares of the real estate investment trust’s stock valued at $837,000 after buying an additional 500 shares in the last quarter. Finally, LSV Asset Management raised its stake in Sabra Health Care REIT by 1.8% in the second quarter. LSV Asset Management now owns 3,937,501 shares of the real estate investment trust’s stock valued at $77,529,000 after buying an additional 69,021 shares in the last quarter. Institutional investors and hedge funds own 89.65% of the company’s stock.

SBRA has been the topic of a number of analyst reports. BidaskClub upgraded Sabra Health Care REIT from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 27th. Citigroup cut Sabra Health Care REIT from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $18.00 to $20.00 in a research report on Monday, September 23rd. Bank of America initiated coverage on Sabra Health Care REIT in a research report on Monday, October 14th. They set a “neutral” rating on the stock. JMP Securities lifted their target price on Sabra Health Care REIT from $22.00 to $23.00 and gave the stock a “market outperform” rating in a research report on Friday, September 27th. Finally, Barclays initiated coverage on Sabra Health Care REIT in a research report on Tuesday, September 3rd. They set an “overweight” rating and a $24.00 target price on the stock. Three analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $21.43.

In related news, Director Raymond J. Lewis sold 58,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $21.47, for a total value of $1,245,260.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Michael J. Foster sold 15,000 shares of the business’s stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $20.78, for a total value of $311,700.00. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

Shares of SBRA traded up $0.13 during midday trading on Monday, reaching $23.63. 70,749 shares of the stock were exchanged, compared to its average volume of 1,224,990. The business’s 50-day moving average price is $22.75 and its 200 day moving average price is $20.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.68 and a quick ratio of 1.68. Sabra Health Care REIT Inc has a twelve month low of $15.70 and a twelve month high of $23.96. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 10.32, a PEG ratio of -6.08 and a beta of 0.82.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.01). The firm had revenue of $219.37 million for the quarter, compared to analyst estimates of $162.17 million. Sabra Health Care REIT had a return on equity of 0.67% and a net margin of 3.37%. As a group, equities research analysts expect that Sabra Health Care REIT Inc will post 1.87 earnings per share for the current fiscal year.

About Sabra Health Care REIT

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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