Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) Shares Sold by Deutsche Bank AG

Key Points

• Deutsche Bank AG has reduced its stake in Sabra Healthcare REIT, Inc. by 42.7% during the first quarter, now owning 1,195,901 shares valued at approximately $20.89 million.
• Despite Deutsche Bank's decrease, several hedge funds increased their positions in Sabra Healthcare, with New Age Alpha Advisors expanding their stake by 371.2%.
• The company recently announced a quarterly dividend of $0.30 per share, representing a yield of 6.5%, with a payout ratio of 157.89%.

Deutsche Bank AG decreased its position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) by 42.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,195,901 shares of the real estate investment trust's stock after selling 890,891 shares during the period. Deutsche Bank AG owned approximately 0.50% of Sabra Healthcare REIT worth $20,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. State of Michigan Retirement System raised its stake in Sabra Healthcare REIT by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 56,649 shares of the real estate investment trust's stock worth $990,000 after acquiring an additional 600 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Sabra Healthcare REIT by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 66,300 shares of the real estate investment trust's stock worth $1,158,000 after acquiring an additional 600 shares during the last quarter. Harbor Capital Advisors Inc. raised its stake in shares of Sabra Healthcare REIT by 17.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,377 shares of the real estate investment trust's stock valued at $76,000 after buying an additional 642 shares during the last quarter. Diversify Advisory Services LLC raised its stake in shares of Sabra Healthcare REIT by 5.7% during the 1st quarter. Diversify Advisory Services LLC now owns 12,878 shares of the real estate investment trust's stock valued at $226,000 after buying an additional 689 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Sabra Healthcare REIT by 16.2% during the 1st quarter. IFP Advisors Inc now owns 5,060 shares of the real estate investment trust's stock valued at $88,000 after buying an additional 706 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company's stock.

Sabra Healthcare REIT Price Performance

Shares of NASDAQ:SBRA traded up $0.01 during trading on Friday, reaching $18.46. 2,862,912 shares of the company's stock traded hands, compared to its average volume of 2,604,435. Sabra Healthcare REIT, Inc. has a fifty-two week low of $15.60 and a fifty-two week high of $20.03. The company has a quick ratio of 4.80, a current ratio of 4.80 and a debt-to-equity ratio of 0.91. The firm has a market cap of $4.43 billion, a PE ratio of 24.29, a P/E/G ratio of 1.53 and a beta of 0.86. The company has a 50-day simple moving average of $18.33 and a 200-day simple moving average of $17.61.

Sabra Healthcare REIT (NASDAQ:SBRA - Get Free Report) last posted its earnings results on Monday, August 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.02. Sabra Healthcare REIT had a return on equity of 6.69% and a net margin of 24.87%. The firm had revenue of $189.15 million for the quarter, compared to analysts' expectations of $185.64 million. During the same period last year, the firm earned $0.36 EPS. The company's quarterly revenue was up 7.4% on a year-over-year basis. As a group, analysts predict that Sabra Healthcare REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.5%. Sabra Healthcare REIT's dividend payout ratio (DPR) is 157.89%.

Insider Activity at Sabra Healthcare REIT

In other news, Director Michael J. Foster sold 11,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $18.22, for a total transaction of $200,420.00. Following the sale, the director directly owned 64,725 shares in the company, valued at $1,179,289.50. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is owned by company insiders.

Analyst Ratings Changes

SBRA has been the subject of a number of recent research reports. Scotiabank lifted their price objective on Sabra Healthcare REIT from $19.00 to $20.00 and gave the company a "sector perform" rating in a research note on Monday, June 23rd. JMP Securities lifted their price objective on Sabra Healthcare REIT from $20.00 to $22.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $20.00.

Sabra Healthcare REIT Company Profile

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA.