Goodwin Daniel L Acquires Shares of 9,523 Sabra Health Care REIT Inc (NASDAQ:SBRA)

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Goodwin Daniel L acquired a new stake in Sabra Health Care REIT Inc (NASDAQ:SBRA) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,523 shares of the real estate investment trust’s stock, valued at approximately $220,000.

A number of other large investors also recently added to or reduced their stakes in SBRA. Cohen & Steers Inc. raised its position in Sabra Health Care REIT by 5.1% in the second quarter. Cohen & Steers Inc. now owns 25,651,703 shares of the real estate investment trust’s stock valued at $505,082,000 after purchasing an additional 1,244,000 shares during the period. JPMorgan Chase & Co. raised its position 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 purchasing an additional 869,179 shares during the period. Nuveen Asset Management LLC raised its position in Sabra Health Care REIT by 6,258.3% in the second quarter. Nuveen Asset Management LLC now owns 855,826 shares of the real estate investment trust’s stock valued at $16,851,000 after purchasing an additional 842,366 shares during the period. Heitman Real Estate Securities LLC raised its position in Sabra Health Care REIT by 80.8% in the second quarter. Heitman Real Estate Securities LLC now owns 1,463,920 shares of the real estate investment trust’s stock valued at $28,825,000 after purchasing an additional 654,281 shares during the period. Finally, Centersquare Investment Management LLC raised its position in Sabra Health Care REIT by 17.3% in the second quarter. Centersquare Investment Management LLC now owns 3,774,944 shares of the real estate investment trust’s stock valued at $74,329,000 after purchasing an additional 555,793 shares during the period. 89.65% of the stock is currently owned by institutional investors.

SBRA has been the topic of a number of analyst reports. TheStreet raised Sabra Health Care REIT from a “c+” rating to a “b” rating in a research report on Thursday, August 8th. 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. 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. BidaskClub raised Sabra Health Care REIT from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 27th. Finally, Zacks Investment Research lowered Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. 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 Sabra Health Care REIT 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Foster sold 15,000 shares of Sabra Health Care REIT stock in a transaction dated Wednesday, August 14th. The stock was 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. 1.20% of the stock is currently owned by company insiders.

Shares of NASDAQ SBRA traded down $0.19 during midday trading on Tuesday, reaching $23.68. 66,728 shares of the company’s stock were exchanged, compared to its average volume of 1,216,222. Sabra Health Care REIT Inc has a 52-week low of $15.70 and a 52-week high of $23.87. The stock has a market capitalization of $4.48 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of -6.03 and a beta of 0.82. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.68 and a current ratio of 1.68. The business’s fifty day moving average price is $22.61 and its two-hundred day moving average price is $20.69.

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

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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