Leisure Capital Management buys $3.8 Million stake in Sabra Health Care REIT Inc (SBRA)

Sabra Health Care REIT Inc (SBRA) : Leisure Capital Management scooped up 2,707 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 May 11, 2016. The investment management firm now holds a total of 179,934 shares of Sabra Health Care REIT Inc which is valued at $3.8 Million.Sabra Health Care REIT Inc makes up approximately 3.78% of Leisure Capital Management’s portfolio.

Other Hedge Funds, Including , Comerica Bank boosted its stake in SBRA in the latest quarter, The investment management firm added 193 additional shares and now holds a total of 65,976 shares of Sabra Health Care REIT Inc which is valued at $1.4 Million. Sabra Health Care REIT Inc makes up approx 0.01% of Comerica Bank’s portfolio.Blackrock Investment Management boosted its stake in SBRA in the latest quarter, The investment management firm added 7,574 additional shares and now holds a total of 273,755 shares of Sabra Health Care REIT Inc which is valued at $5.7 Million. Sabra Health Care REIT Inc makes up approx 0.01% of Blackrock Investment Management’s portfolio. Hillsdale Investment Management added SBRA to its portfolio by purchasing 10,100 company shares during the most recent quarter which is valued at $211,191. Sabra Health Care REIT Inc makes up approx 0.07% of Hillsdale Investment Management’s portfolio.Schwab Charles Investment Management Inc boosted its stake in SBRA in the latest quarter, The investment management firm added 10,886 additional shares and now holds a total of 308,776 shares of Sabra Health Care REIT Inc which is valued at $7 Million. Sabra Health Care REIT Inc makes up approx 0.01% of Schwab Charles Investment Management Inc’s portfolio.First Mercantile Trust Co reduced its stake in SBRA by selling 350 shares or 8.86% in the most recent quarter. The Hedge Fund company now holds 3,600 shares of SBRA which is valued at $75,924. Sabra Health Care REIT Inc makes up approx 0.01% of First Mercantile Trust Co’s portfolio.

Sabra Health Care REIT Inc opened for trading at $20.87 and hit $21.095 on the upside on Monday, eventually ending the session at $20.92, with a gain of 0.05% or 0.01 points. The heightened volatility saw the trading volume jump to 5,71,569 shares. Company has a market cap of $1,366 M.

On the company’s financial health, Sabra Health Care REIT Inc reported $0.54 EPS for the quarter, based on the information available during the earnings call on May 2, 2016. Analyst had a consensus estimate of $0.54. The company had revenue of $62.55 million for the quarter, compared to analysts expectations of $60.82 million. The company’s revenue was up 12.6% 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 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. (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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