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Engineers Gate Trims Sabra Health Care REIT Stake as Investors Track Rental Income Trends
Yahoo Finance· 2026-03-13 18:34
Core Insights - Engineers Gate Manager LP sold 1,513,777 shares of Sabra Health Care REIT, resulting in an estimated transaction value of $28.06 million based on quarterly average pricing [1][7] - The quarter-end value of the stake decreased by $26.85 million, reflecting both the share sale and market price changes [2][7] - Post-transaction, Sabra Health Care REIT accounted for 1.02% of Engineers Gate Manager LP's 13F assets under management, placing it outside the fund's top five holdings [3][7] Company Overview - Sabra Health Care REIT, Inc. is a prominent real estate investment trust specializing in healthcare facilities, with a portfolio of over 400 properties and more than 41,000 beds/units [5][9] - The company generates revenue primarily through leasing properties to healthcare operators and property management agreements, as well as investments in loans receivable and preferred equity [6] Financial Metrics - As of the last twelve months (TTM), Sabra Health Care REIT reported revenue of $774.63 million and net income of $155.61 million [4] - The dividend yield for Sabra Health Care REIT stands at 5.87% [4] - The share price as of market close on February 13, 2026, was $20.17 [4]