Sei Investments Co. Has $4.18 Million Position in Sabra Health Care REIT Inc (SBRA)
Sei Investments Co. increased its stake in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 40.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 222,836 shares of the real estate investment trust’s stock after buying an additional 64,493 shares during the quarter. Sei Investments Co.’s holdings in Sabra Health Care REIT were worth $4,183,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Ffcm LLC lifted its position in Sabra Health Care REIT by 1,297.4% in the fourth quarter. Ffcm LLC now owns 5,897 shares of the real estate investment trust’s stock worth $112,000 after buying an additional 5,475 shares during the last quarter. FNY Partners Fund LP bought a new stake in Sabra Health Care REIT in the third quarter worth $155,000. BB&T Securities LLC bought a new stake in Sabra Health Care REIT in the third quarter worth $200,000. Atria Investments LLC bought a new stake in Sabra Health Care REIT in the fourth quarter worth $208,000. Finally, World Asset Management Inc bought a new stake in Sabra Health Care REIT in the third quarter worth $235,000. Institutional investors own 86.63% of the company’s stock.
A number of analysts recently issued reports on the company. ValuEngine downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. SunTrust Banks set a $22.00 target price on Sabra Health Care REIT and gave the stock a “buy” rating in a research report on Monday, January 22nd. Raymond James Financial reiterated a “hold” rating on shares of Sabra Health Care REIT in a research report on Wednesday, December 13th. Zacks Investment Research downgraded Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Finally, Jefferies Group reiterated a “hold” rating on shares of Sabra Health Care REIT in a research report on Thursday, December 21st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $23.50.
Sabra Health Care REIT (NASDAQ:SBRA) last released its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.27. Sabra Health Care REIT had a return on equity of 7.19% and a net margin of 39.04%. The business had revenue of $166.47 million during the quarter, compared to the consensus estimate of $158.82 million. equities research analysts predict that Sabra Health Care REIT Inc will post 2.51 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Thursday, February 15th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.80 annualized dividend and a dividend yield of 10.53%. Sabra Health Care REIT’s dividend payout ratio is currently 150.00%.
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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.
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