River Road Asset Management LLC Lowers Holdings in Sabra Health Care REIT Inc (SBRA)

River Road Asset Management LLC reduced its holdings in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 8.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 1,779,562 shares of the real estate investment trust’s stock after selling 162,917 shares during the period. River Road Asset Management LLC’s holdings in Sabra Health Care REIT were worth $29,327,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. IFP Advisors Inc boosted its holdings in shares of Sabra Health Care REIT by 128.4% in the fourth quarter. IFP Advisors Inc now owns 3,099 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,742 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of Sabra Health Care REIT by 1,548.0% in the fourth 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 acquiring an additional 1,089,390 shares in the last quarter. Winslow Evans & Crocker Inc. purchased a new stake in shares of Sabra Health Care REIT in the third quarter valued at about $162,000. Hartford Investment Management Co. purchased a new stake in shares of Sabra Health Care REIT in the fourth quarter valued at about $184,000. Finally, Avitas Wealth Management LLC purchased a new stake in shares of Sabra Health Care REIT in the third quarter valued at about $221,000. 92.52% of the stock is currently owned by institutional investors.

SBRA traded down $0.02 during midday trading on Wednesday, reaching $20.23. 18,845 shares of the company’s stock were exchanged, compared to its average volume of 1,642,162. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 1.00. The stock has a market cap of $3.63 billion, a P/E ratio of 8.33, a PEG ratio of 2.47 and a beta of 1.02. Sabra Health Care REIT Inc has a 1-year low of $15.70 and a 1-year high of $23.83.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Friday, February 15th will be given a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 8.90%. The ex-dividend date of this dividend is Thursday, February 14th. Sabra Health Care REIT’s payout ratio is currently 74.07%.

Several brokerages have recently weighed in on SBRA. Zacks Investment Research raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Wednesday, October 31st. Mizuho downgraded shares of Sabra Health Care REIT from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a report on Tuesday, November 13th. BidaskClub raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Tuesday, January 29th. ValuEngine cut shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research note on Thursday, November 15th. Finally, Citigroup set a $18.00 price objective on shares of Sabra Health Care REIT and gave the company a “hold” rating in a research note on Tuesday, November 20th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $21.36.

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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.

Read More: Hedge Funds – How They Work For Investors

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

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