Jefferies Financial Group Inc. Buys Shares of 20,091 Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Jefferies Financial Group Inc. acquired a new position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 20,091 shares of the real estate investment trust's stock, valued at approximately $348,000.

Several other institutional investors have also recently modified their holdings of SBRA. Norges Bank purchased a new position in shares of Sabra Health Care REIT in the fourth quarter worth about $48,950,000. Northern Trust Corp raised its stake in shares of Sabra Health Care REIT by 27.7% in 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 purchasing an additional 905,466 shares during the last quarter. Thrivent Financial for Lutherans raised its stake in shares of Sabra Health Care REIT by 95.9% in 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 last quarter. Wellington Management Group LLP raised its stake in shares of Sabra Health Care REIT by 33.7% in the fourth 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 during the last quarter. Finally, Barclays PLC raised its stake in shares of Sabra Health Care REIT by 109.4% in the fourth quarter. Barclays PLC now owns 1,420,356 shares of the real estate investment trust's stock worth $24,601,000 after purchasing an additional 741,959 shares during the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Sabra Health Care REIT Price Performance

Shares of NASDAQ:SBRA traded down $0.79 during trading on Wednesday, reaching $17.28. The stock had a trading volume of 3,686,735 shares, compared to its average volume of 2,191,395. 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 business has a fifty day moving average price of $17.54 and a 200-day moving average price of $17.41. The stock has a market cap of $4.11 billion, a PE ratio of 32.60, a PEG ratio of 1.97 and a beta of 0.88. Sabra Health Care REIT, Inc. has a 1-year low of $13.87 and a 1-year high of $20.03.

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

Sabra Health Care REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.94%. The ex-dividend date of this dividend is Friday, May 16th. Sabra Health Care REIT's payout ratio is currently 203.39%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SBRA shares. Truist Financial lifted their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a research report on Tuesday, March 18th. Scotiabank lifted their price target on Sabra Health Care REIT from $18.00 to $19.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Sabra Health Care REIT presently has a consensus 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.