Bessemer Group Inc. Invests $55,000 in Sabra Health Care REIT Inc (SBRA) Stock

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Bessemer Group Inc. bought a new position in Sabra Health Care REIT Inc (NASDAQ:SBRA) during the 4th quarter, Holdings Channel reports. The fund bought 3,360 shares of the real estate investment trust’s stock, valued at approximately $55,000.

Several other hedge funds have also recently modified their holdings of SBRA. IFP Advisors Inc increased 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 worth $51,000 after purchasing an additional 1,742 shares during the last quarter. Oregon Public Employees Retirement Fund increased 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 worth $70,000 after purchasing an additional 1,089,390 shares during the last quarter. NumerixS Investment Technologies Inc increased its holdings in shares of Sabra Health Care REIT by 275.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the real estate investment trust’s stock worth $98,000 after purchasing an additional 4,400 shares during the last quarter. NEXT Financial Group Inc increased its holdings in shares of Sabra Health Care REIT by 42.1% in the fourth quarter. NEXT Financial Group Inc now owns 8,100 shares of the real estate investment trust’s stock worth $133,000 after purchasing an additional 2,400 shares during the last quarter. Finally, Hartford Investment Management Co. bought a new stake in shares of Sabra Health Care REIT in the fourth quarter worth about $184,000. 86.87% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ SBRA opened at $18.87 on Tuesday. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.99. Sabra Health Care REIT Inc has a 1-year low of $15.70 and a 1-year high of $23.83. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 8.24, a P/E/G ratio of 2.42 and a beta of 1.00.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Friday, February 15th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, February 14th. This represents a $1.80 annualized dividend and a yield of 9.54%. Sabra Health Care REIT’s payout ratio is currently 78.60%.

SBRA has been the topic of several research reports. BidaskClub raised Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Saturday, December 8th. SunTrust Banks cut Sabra Health Care REIT from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. ValuEngine raised Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Friday, January 4th. BMO Capital Markets reaffirmed a “hold” rating and issued a $17.00 target price on shares of Sabra Health Care REIT in a report on Monday, January 14th. Finally, Zacks Investment Research raised Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Thursday, February 21st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $21.33.

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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.

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

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