Pensionfund Sabic Lowers stake in Sabra Health Care REIT Inc (SBRA)

Sabra Health Care REIT Inc (SBRA) : Pensionfund Sabic reduced its stake in Sabra Health Care REIT Inc by 11.78% during the most recent quarter end. The investment management company now holds a total of 42,875 shares of Sabra Health Care REIT Inc which is valued at $1,002,418 after selling 5,725 shares in Sabra Health Care REIT Inc , the firm said in a disclosure report filed with the SEC on Oct 12, 2016.Sabra Health Care REIT Inc makes up approximately 0.31% of Pensionfund Sabic’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc boosted its stake in SBRA in the latest quarter, The investment management firm added 46,286 additional shares and now holds a total of 212,716 shares of Sabra Health Care REIT Inc which is valued at $4,973,300. Sabra Health Care REIT Inc makes up approx 0.01% of Legal General Group Plc’s portfolio. Cutler Group Lp added SBRA to its portfolio by purchasing 31 company shares during the most recent quarter which is valued at $732.Raymond James Trust N.a. reduced its stake in SBRA by selling 11,366 shares or 53.55% in the most recent quarter. The Hedge Fund company now holds 9,858 shares of SBRA which is valued at $232,846. Sabra Health Care REIT Inc makes up approx 0.02% of Raymond James Trust N.a.’s portfolio. Simplex Trading added SBRA to its portfolio by purchasing 2,187 company shares during the most recent quarter which is valued at $50,454. Sabra Health Care REIT Inc makes up approx 0.01% of Simplex Trading’s portfolio. First Mercantile Trust Co sold out all of its stake in SBRA during the most recent quarter. The investment firm sold 3,400 shares of SBRA which is valued $78,438.

Sabra Health Care REIT Inc closed down -0.24 points or -1.02% at $23.38 with 5,18,558 shares getting traded on Tuesday. Post opening the session at $23.55, the shares hit an intraday low of $23.21 and an intraday high of $23.92 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Sabra Health Care REIT Inc reported $0.58 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Aug 1, 2016. Analyst had a consensus of $0.59. The company had revenue of $74.20 million for the quarter, compared to analysts expectations of $65.40 million. The company’s revenue was up 31.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.

Many Wall Street Analysts have commented on Sabra Health Care REIT Inc. Sabra Health Care REIT Inc was Downgraded by BofA/Merrill to ” Underperform” on Jul 25, 2016.

Sabra Health Care REIT Inc. (Sabra) is a self-administered self-managed real estate investment trust (REIT). Through its subsidiaries the Company owns and invests in real estate serving the healthcare industry. The Company is primarily engaged in leasing healthcare properties to tenants and operators throughout the United States. It has a diverse portfolio of healthcare investments in the United States that offers a range of services including skilled nursing/transitional care assisted and independent living mental health and acute care. The Company’s investment portfolio consists of approximately 160 real estate properties held for investment including 103 nursing/post-acute facilities 55 senior housing facilities and two acute care hospitals; over 14 investments in loans receivable including four mortgage loans three construction loans two mezzanine loans and five pre-development loans and over six preferred equity investments.

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