Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) Shares Acquired by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. significantly increased its stake in Sabra Healthcare REIT by 7,196.8%, acquiring 1,445,909 shares, bringing its total holdings to approximately 1,466,000 shares valued at $25.6 million.
• Analyst ratings for Sabra Healthcare REIT reflect a consensus of "Moderate Buy" with an average price target of $19.67, indicating a positive outlook.
• Sabra Healthcare REIT announced a quarterly dividend of $0.30 per share, yielding 6.7%, with a dividend payout ratio of 203.39%.

Jefferies Financial Group Inc. boosted its position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) by 7,196.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,466,000 shares of the real estate investment trust's stock after purchasing an additional 1,445,909 shares during the quarter. Jefferies Financial Group Inc. owned about 0.62% of Sabra Healthcare REIT worth $25,611,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in SBRA. State of Michigan Retirement System raised its stake in shares of Sabra Healthcare REIT by 1.1% in the first quarter. State of Michigan Retirement System now owns 56,649 shares of the real estate investment trust's stock valued at $990,000 after buying an additional 600 shares during the period. Louisiana State Employees Retirement System lifted its holdings 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 buying an additional 600 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of Sabra Healthcare REIT by 17.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,377 shares of the real estate investment trust's stock worth $76,000 after acquiring an additional 642 shares in the last quarter. Diversify Advisory Services LLC raised its position in shares of Sabra Healthcare REIT by 5.7% in the 1st quarter. Diversify Advisory Services LLC now owns 12,878 shares of the real estate investment trust's stock worth $226,000 after acquiring an additional 689 shares in the last quarter. Finally, IFP Advisors Inc boosted its holdings in Sabra Healthcare REIT by 16.2% in the first quarter. IFP Advisors Inc now owns 5,060 shares of the real estate investment trust's stock worth $88,000 after acquiring an additional 706 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Scotiabank upped their price objective on Sabra Healthcare REIT from $19.00 to $20.00 and gave the company a "sector perform" rating in a research report on Monday, June 23rd. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $19.67.

Sabra Healthcare REIT Stock Performance

Shares of SBRA stock traded down $0.21 on Tuesday, hitting $18.21. The company had a trading volume of 2,351,045 shares, compared to its average volume of 2,426,263. The firm has a market cap of $4.33 billion, a P/E ratio of 30.86, a price-to-earnings-growth ratio of 1.52 and a beta of 0.86. The company has a 50-day moving average price of $18.16 and a 200-day moving average price of $17.51. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.89. Sabra Healthcare REIT, Inc. has a twelve month low of $15.60 and a twelve month high of $20.03.

Sabra Healthcare REIT (NASDAQ:SBRA - Get Free Report) last announced 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. The business had revenue of $189.15 million during the quarter, compared to analysts' expectations of $185.64 million. Sabra Healthcare REIT had a return on equity of 5.14% and a net margin of 19.55%. The business's revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 earnings per share. As a group, equities research analysts predict that Sabra Healthcare REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Insider Activity

In other Sabra Healthcare REIT 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 transaction, the director owned 64,725 shares of the company's stock, valued at approximately $1,179,289.50. This trade represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company's stock.

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.