20,091 Shares in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 20,091 shares of the real estate investment trust's stock, valued at approximately $348,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Sabra Health Care REIT in the 4th quarter valued at $48,950,000. Northern Trust Corp increased its holdings in Sabra Health Care REIT by 27.7% during the fourth quarter. Northern Trust Corp now owns 4,169,385 shares of the real estate investment trust's stock worth $72,214,000 after buying an additional 905,466 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Sabra Health Care REIT by 95.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,816,217 shares of the real estate investment trust's stock worth $31,457,000 after purchasing an additional 888,908 shares during the period. Wellington Management Group LLP lifted its holdings in Sabra Health Care REIT by 33.7% during the 4th quarter. Wellington Management Group LLP now owns 3,205,042 shares of the real estate investment trust's stock worth $55,511,000 after purchasing an additional 808,207 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Sabra Health Care REIT by 30.8% in the 4th quarter. Nuveen Asset Management LLC now owns 3,378,733 shares of the real estate investment trust's stock valued at $58,520,000 after acquiring an additional 795,902 shares in the last quarter. Institutional investors own 99.40% of the company's stock.

Insider Activity at Sabra Health Care REIT

In other news, Director Michael J. Foster sold 11,000 shares of the company's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $18.22, for a total transaction of $200,420.00. Following the completion of the sale, the director now owns 64,725 shares of the company's stock, valued at $1,179,289.50. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Sabra Health Care REIT Stock Performance

SBRA stock traded up $0.14 during midday trading on Wednesday, reaching $17.63. The stock had a trading volume of 3,767,087 shares, compared to its average volume of 2,232,354. The firm has a fifty day simple moving average of $17.54 and a two-hundred day simple moving average of $17.31. Sabra Health Care REIT, Inc. has a 52-week low of $13.87 and a 52-week high of $20.03. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. The stock has a market cap of $4.19 billion, a PE ratio of 33.26, a P/E/G ratio of 1.97 and a beta of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.37 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The business had revenue of $183.54 million for the quarter, compared to analysts' expectations of $180.23 million. During the same quarter last year, the company earned $0.35 EPS. The business's revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.81%. The ex-dividend date was Friday, May 16th. Sabra Health Care REIT's payout ratio is 203.39%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on SBRA. Truist Financial lifted their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a research note on Tuesday, March 18th. Scotiabank increased their price objective on shares of Sabra Health Care REIT from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $19.50.

Sabra Health Care 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.