Connor Clark & Lunn Investment Management Ltd. Invests $1.12 Million in Sabra Health Care REIT Inc (SBRA) Stock

Connor Clark & Lunn Investment Management Ltd. bought a new stake in Sabra Health Care REIT Inc (NASDAQ:SBRA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 68,100 shares of the real estate investment trust’s stock, valued at approximately $1,122,000.

A number of other hedge funds also recently made changes to their positions in SBRA. Cohen & Steers Inc. boosted its holdings in Sabra Health Care REIT by 28.5% in the third quarter. Cohen & Steers Inc. now owns 21,326,982 shares of the real estate investment trust’s stock valued at $493,080,000 after acquiring an additional 4,728,085 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Sabra Health Care REIT by 221.8% in the third quarter. JPMorgan Chase & Co. now owns 1,779,693 shares of the real estate investment trust’s stock valued at $41,147,000 after acquiring an additional 1,226,574 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Sabra Health Care REIT by 1,548.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,159,764 shares of the real estate investment trust’s stock valued at $70,000 after acquiring an additional 1,089,390 shares during the last quarter. Northern Trust Corp boosted its holdings in Sabra Health Care REIT by 17.7% in the fourth quarter. Northern Trust Corp now owns 5,176,368 shares of the real estate investment trust’s stock valued at $85,307,000 after acquiring an additional 779,562 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in Sabra Health Care REIT in the third quarter valued at approximately $14,129,000. Institutional investors and hedge funds own 85.78% of the company’s stock.

Several analysts recently commented on the company. ValuEngine upgraded Sabra Health Care REIT from a “sell” rating to a “hold” rating in a report on Thursday. Zacks Investment Research cut Sabra Health Care REIT from a “buy” rating to a “hold” rating in a report on Friday, March 1st. BidaskClub cut Sabra Health Care REIT from a “sell” rating to a “strong sell” rating in a report on Wednesday, February 27th. BMO Capital Markets cut Sabra Health Care REIT from a “market perform” rating to an “underperform” rating in a report on Tuesday, February 26th. Finally, SunTrust Banks cut Sabra Health Care REIT from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.10.

Sabra Health Care REIT stock opened at $18.30 on Friday. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 7.47, a price-to-earnings-growth ratio of 2.32 and a beta of 1.00. Sabra Health Care REIT Inc has a 52-week low of $15.70 and a 52-week high of $23.83. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.99.

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Friday, February 15th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.84%. The ex-dividend date of this dividend was Thursday, February 14th.

WARNING: This piece of content was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://www.americanbankingnews.com/2019/03/17/connor-clark-lunn-investment-management-ltd-invests-1-12-million-in-sabra-health-care-reit-inc-sbra-stock.html.

Sabra Health Care REIT Company Profile

As of September 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 350 Skilled Nursing/Transitional Care facilities, (ii) 91 Senior Housing communities (“Senior Housing – Leased”), (iii) 24 Senior Housing communities operated by third-party property managers pursuant to property management agreements (“Senior Housing – Managed”) and (iv) 22 Specialty Hospitals and Other facilities), one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan, (iv) one pre-development loan and (v) 17 other loans), 11 preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

Further Reading: Return on Investment (ROI)

Institutional Ownership by Quarter for Sabra Health Care REIT (NASDAQ:SBRA)

Receive News & Ratings for Sabra Health Care REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Health Care REIT and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply