Today: Sabra Healthcare REIT Inc. (SBRA) Stake Maintained by Louisiana State Employees Retirement System

Today: Sabra Healthcare REIT Inc. (SBRA) Stake Maintained by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System continued to hold its position in shares of Sabra Healthcare REIT Inc. (NASDAQ:SBRA) during the second quarter, Holdings Channel reports. The institutional investor owned 28,900 shares of the company’s stock at the end of the second quarter. Louisiana State Employees Retirement System’s holdings in Sabra Healthcare REIT were worth $596,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of SBRA. Aperio Group LLC raised its position in shares of Sabra Healthcare REIT by 71.7% in the first quarter. Aperio Group LLC now owns 22,370 shares of the company’s stock valued at $449,000 after buying an additional 9,343 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Sabra Healthcare REIT by 31.5% in the first quarter. TIAA CREF Investment Management LLC now owns 384,796 shares of the company’s stock valued at $7,731,000 after buying an additional 92,187 shares during the last quarter. BlackRock Inc. raised its position in shares of Sabra Healthcare REIT by 9.5% in the first quarter. BlackRock Inc. now owns 62,840 shares of the company’s stock valued at $1,262,000 after buying an additional 5,433 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Sabra Healthcare REIT by 1.6% in the first quarter. BlackRock Fund Advisors now owns 4,224,987 shares of the company’s stock valued at $84,880,000 after buying an additional 66,485 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Sabra Healthcare REIT by 2.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,218,952 shares of the company’s stock valued at $44,579,000 after buying an additional 59,712 shares during the last quarter. 92.14% of the stock is currently owned by institutional investors.

Sabra Healthcare REIT Inc. (NASDAQ:SBRA) traded up 0.38% on Friday, reaching $23.64. 200,428 shares of the company’s stock were exchanged. The company has a market capitalization of $1.54 billion, a P/E ratio of 28.24 and a beta of 1.05. The firm has a 50-day moving average price of $24.42 and a 200-day moving average price of $22.45. Sabra Healthcare REIT Inc. has a 1-year low of $14.92 and a 1-year high of $26.40.

Sabra Healthcare REIT (NASDAQ:SBRA) last released its earnings results on Monday, August 1st. The company reported $0.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Sabra Healthcare REIT had a net margin of 24.63% and a return on equity of 6.27%. The company earned $74.20 million during the quarter, compared to analysts’ expectations of $56.04 million. During the same quarter last year, the business earned $0.53 EPS. The business’s revenue was up 31.1% on a year-over-year basis. Equities research analysts expect that Sabra Healthcare REIT Inc. will post $2.28 earnings per share for the current year.

SBRA has been the topic of several research reports. Cantor Fitzgerald initiated coverage on shares of Sabra Healthcare REIT in a report on Thursday, June 23rd. They set a “buy” rating and a $28.00 price objective on the stock. Zacks Investment Research raised shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Tuesday, July 5th. Citigroup Inc. cut their price target on shares of Sabra Healthcare REIT from $24.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, July 7th. Bank of America Corp. lowered shares of Sabra Healthcare REIT from a “neutral” rating to an “underperform” rating in a report on Monday, July 25th. Finally, TheStreet raised shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Sabra Healthcare REIT presently has an average rating of “Hold” and a consensus target price of $23.75.

About Sabra Healthcare REIT

Sabra Health Care REIT, Inc is a real estate investment trust. The Company owns and invests in real estate serving the healthcare industry. The Company’s segment is investments in healthcare-related real estate properties. Its 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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