Sabra Health Care REIT Inc (SBRA) : Pensionfund Dsm Netherlands reduced its stake in Sabra Health Care REIT Inc by 7.78% during the most recent quarter end. The investment management company now holds a total of 130,400 shares of Sabra Health Care REIT Inc which is valued at $2.6 Million after selling 11,000 shares in Sabra Health Care REIT Inc according to a report filed by the company on Apr 4, 2016 with the SEC.Sabra Health Care REIT Inc makes up approximately 0.35% of Pensionfund Dsm Netherlands’s portfolio.
Other Hedge Funds, Including , Pensionfund Sabic reduced its stake in SBRA by selling 3,000 shares or 5.81% in the most recent quarter. The Hedge Fund company now holds 48,600 shares of SBRA which is valued at $970,056. Sabra Health Care REIT Inc makes up approx 0.30% of Pensionfund Sabic’s portfolio.
On the company’s financial health, Sabra Health Care REIT Inc reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Feb 22, 2016. Analyst had a consensus of $0.56. The company had revenue of $66.80 million for the quarter, compared to analysts expectations of $59.20 million. The company’s revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.
Many Wall Street Analysts have commented on Sabra Health Care REIT Inc. Sabra Health Care REIT Inc was Downgraded by Raymond James to ” Mkt Perform” on Apr 12, 2016. Shares were Reiterated by FBR Capital on Feb 23, 2016 to “Outperform” and Lowered the Price Target to $ 24 from a previous price target of $26 .Shares were Reiterated by Barclays on Feb 23, 2016 to “Overweight” and Lowered the Price Target to $ 21 from a previous price target of $23 .
Sabra Health Care REIT Inc closed down -0.14 points or -0.70% at $19.96 with 1,66,890 shares getting traded on Monday. Post opening the session at $20.15, the shares hit an intraday low of $19.96 and an intraday high of $20.51 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.