Dimensional Fund Advisors LP grew its holdings in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 3.2% in the second quarter, HoldingsChannel reports. The firm owned 2,731,650 shares of the real estate investment trust’s stock after purchasing an additional 84,833 shares during the period. Dimensional Fund Advisors LP’s holdings in Sabra Health Care REIT were worth $59,360,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SBRA. Price Capital Management Inc. acquired a new position in shares of Sabra Health Care REIT in the second quarter worth $756,000. Bank of New York Mellon Corp increased its stake in shares of Sabra Health Care REIT by 0.5% in the second quarter. Bank of New York Mellon Corp now owns 2,663,709 shares of the real estate investment trust’s stock worth $57,881,000 after acquiring an additional 12,607 shares during the last quarter. River Road Asset Management LLC increased its stake in shares of Sabra Health Care REIT by 4.1% in the second quarter. River Road Asset Management LLC now owns 2,138,167 shares of the real estate investment trust’s stock worth $46,462,000 after acquiring an additional 84,007 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in shares of Sabra Health Care REIT by 5.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,214,512 shares of the real estate investment trust’s stock worth $26,392,000 after acquiring an additional 64,647 shares during the last quarter. Finally, RPG Investment Advisory LLC increased its stake in shares of Sabra Health Care REIT by 9.9% in the first quarter. RPG Investment Advisory LLC now owns 281,691 shares of the real estate investment trust’s stock worth $4,972,000 after acquiring an additional 25,331 shares during the last quarter. Institutional investors own 90.40% of the company’s stock.

Sabra Health Care REIT stock opened at $23.30 on Monday. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.16 and a current ratio of 3.16. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth ratio of 2.76 and a beta of 0.63. Sabra Health Care REIT Inc has a one year low of $15.77 and a one year high of $23.83.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its earnings results on Wednesday, August 8th. The real estate investment trust reported $1.08 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.75. The firm had revenue of $166.31 million for the quarter, compared to the consensus estimate of $166.62 million. Sabra Health Care REIT had a net margin of 62.60% and a return on equity of 11.21%. sell-side analysts predict that Sabra Health Care REIT Inc will post 2.47 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Saturday, August 18th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 7.73%. The ex-dividend date of this dividend was Thursday, August 16th. Sabra Health Care REIT’s payout ratio is 74.07%.

A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of Sabra Health Care REIT from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 28th. BidaskClub raised shares of Sabra Health Care REIT from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 23rd. TheStreet raised shares of Sabra Health Care REIT from a “c+” rating to a “b-” rating in a research note on Wednesday, June 6th. JMP Securities increased their target price on shares of Sabra Health Care REIT from $21.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Monday, June 11th. Finally, Zacks Investment Research downgraded shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $22.83.

About Sabra Health Care REIT

As of June 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 352 Skilled Nursing/Transitional Care facilities, (ii) 89 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 asset held for sale, 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), 13 preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

See Also: Dividend Aristocrat Index

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

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