The Sabra Health Care REIT Inc (SBRA) Stake Cut by ProShare Advisors LLC

The Sabra Health Care REIT Inc (SBRA) Stake Cut by ProShare Advisors LLC

Other hedge funds have also modified their holdings of the company. Bank of Montreal Can raised its stake in shares of Sabra Health Care REIT by 44.1% in the first quarter. Bank of Montreal Can now owns 3,893 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,191 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Sabra Health Care REIT during the fourth quarter worth approximately $120,000. Silvercrest Asset Management Group LLC acquired a new stake in shares of Sabra Health Care REIT during the fourth quarter worth approximately $232,000. Creative Planning raised its stake in shares of Sabra Health Care REIT by 6.3% in the first quarter. Creative Planning now owns 14,248 shares of the real estate investment trust’s stock worth $398,000 after buying an additional 848 shares during the period. Finally, A.R.T. Advisors LLC raised its stake in shares of Sabra Health Care REIT by 184.0% in the fourth quarter. A.R.T. Advisors LLC now owns 30,100 shares of the real estate investment trust’s stock worth $735,000 after buying an additional 19,500 shares during the period. Institutional investors and hedge funds own 92.07% of the company’s stock.

ProShare Advisors LLC lowered its position in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 67.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,828 shares of the real estate investment trust’s stock after selling 8,000 shares during the period. ProShare Advisors LLC’s holdings in Sabra Health Care REIT were worth $250,000 at the end of the most recent reporting period.

Shares of Sabra Health Care REIT Inc (NASDAQ SBRA) opened at 23.38 on Monday. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 16.16 and a beta of 1.10. Sabra Health Care REIT Inc has a 52 week low of $19.30 and a 52 week high of $29.10. The firm has a 50 day moving average price of $25.69 and a 200 day moving average price of $25.44.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings results on Monday, May 8th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.33. The firm had revenue of $62.65 million for the quarter, compared to the consensus estimate of $63.47 million. Sabra Health Care REIT had a net margin of 27.18% and a return on equity of 7.05%. Sabra Health Care REIT’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. Equities analysts forecast that Sabra Health Care REIT Inc will post $1.20 EPS for the current year. The company also recently declared a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Thursday, May 18th were issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 7.36%. This is a boost from Sabra Health Care REIT’s previous quarterly dividend of $0.42. The ex-dividend date was Tuesday, May 16th. Sabra Health Care REIT’s dividend payout ratio is presently 178.72%.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings results on Monday, May 8th. The real estate investment trust reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.58 by $0.33. The firm had revenue of $62.65 million for the quarter, compared to the consensus estimate of $63.47 million. Sabra Health Care REIT had a net margin of 27.18% and a return on equity of 7.05%. Sabra Health Care REIT’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. Equities analysts forecast that Sabra Health Care REIT Inc will post $1.20 EPS for the current year. SBRA has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Saturday, February 25th. Cantor Fitzgerald reiterated a “buy” rating and set a $30.00 price target on shares of Sabra Health Care REIT in a report on Monday, May 8th. Jefferies Group LLC restated a “hold” rating and issued a $28.00 target price on shares of Sabra Health Care REIT in a research note on Friday, May 12th. Canaccord Genuity restated a “hold” rating and issued a $26.00 target price on shares of Sabra Health Care REIT in a research note on Tuesday, May 9th. Finally, Stifel Nicolaus boosted their target price on Sabra Health Care REIT from $24.00 to $26.00 and gave the company a “hold” rating in a research note on Monday, February 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $27.71.

About Sabra Health Care REIT Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:SBRA”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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