Sabra Health Care REIT Inc (SBRA) : Rmr Advisors scooped up 15,000 additional shares in Sabra Health Care REIT Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 2, 2016. The investment management firm now holds a total of 102,254 shares of Sabra Health Care REIT Inc which is valued at $2,505,223.Sabra Health Care REIT Inc makes up approximately 1.16% of Rmr Advisors’s portfolio.
Other Hedge Funds, Including , Spot Trading L.l.c added SBRA to its portfolio by purchasing 7,378 company shares during the most recent quarter which is valued at $180,761. Sabra Health Care REIT Inc makes up approx 0.02% of Spot Trading L.l.c’s portfolio.Ngam Advisors reduced its stake in SBRA by selling 8,398 shares or 6.76% in the most recent quarter. The Hedge Fund company now holds 115,857 shares of SBRA which is valued at $2,838,497. Sabra Health Care REIT Inc makes up approx 0.04% of Ngam Advisors’s portfolio. Essex Financial Services sold out all of its stake in SBRA during the most recent quarter. The investment firm sold 11,081 shares of SBRA which is valued $264,947.Daiwa Securities Group boosted its stake in SBRA in the latest quarter, The investment management firm added 540 additional shares and now holds a total of 4,830 shares of Sabra Health Care REIT Inc which is valued at $113,119.
Sabra Health Care REIT Inc opened for trading at $24.57 and hit $24.909 on the upside on Monday, eventually ending the session at $24.58, with a gain of 0.37% or 0.09 points. The heightened volatility saw the trading volume jump to 5,60,356 shares. Company has a market cap of $1,605 M.
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 was Upgraded by SunTrust to ” Buy” on Jun 1, 2016. Shares were Downgraded by Mizuho on May 19, 2016 to ” Neutral” and Lowered the Price Target to $ 20 from a previous price target of $25 .
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 Companys 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.