Mackenzie Financial Corp Boosts Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Mackenzie Financial Corp lifted its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 22.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 289,870 shares of the real estate investment trust's stock after purchasing an additional 52,441 shares during the quarter. Mackenzie Financial Corp owned 0.12% of Sabra Health Care REIT worth $5,021,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Barclays PLC raised its stake in shares of Sabra Health Care REIT by 56.1% in the third quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust's stock valued at $12,624,000 after acquiring an additional 243,895 shares during the period. SG Americas Securities LLC boosted its position in shares of Sabra Health Care REIT by 31.1% during the fourth quarter. SG Americas Securities LLC now owns 21,941 shares of the real estate investment trust's stock valued at $380,000 after buying an additional 5,204 shares during the period. Janney Montgomery Scott LLC grew its stake in shares of Sabra Health Care REIT by 0.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust's stock valued at $3,068,000 after buying an additional 763 shares during the last quarter. KBC Group NV raised its holdings in shares of Sabra Health Care REIT by 66.2% in the fourth quarter. KBC Group NV now owns 11,609 shares of the real estate investment trust's stock worth $201,000 after buying an additional 4,624 shares during the period. Finally, EMC Capital Management lifted its stake in shares of Sabra Health Care REIT by 149.6% during the 4th quarter. EMC Capital Management now owns 23,972 shares of the real estate investment trust's stock worth $415,000 after acquiring an additional 14,369 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Truist Financial raised their price target on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a research note on Tuesday, March 18th. Scotiabank lifted their price objective on 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 equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.50.

Sabra Health Care REIT Stock Up 0.1%

Shares of Sabra Health Care REIT stock traded up $0.02 on Monday, reaching $17.50. The stock had a trading volume of 271,215 shares, compared to its average volume of 2,214,601. Sabra Health Care REIT, Inc. has a 1 year low of $13.87 and a 1 year high of $20.03. The company has a 50 day moving average price of $17.54 and a 200 day moving average price of $17.31. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.16 billion, a P/E ratio of 33.07, 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, beating the consensus estimate of $0.36 by $0.01. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The firm had revenue of $183.54 million during the quarter, compared to analyst estimates of $180.23 million. During the same quarter in the prior year, the business posted $0.35 EPS. The business's revenue for the quarter was up 10.1% compared to the same quarter last year. As a group, equities research analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a yield of 6.86%. Sabra Health Care REIT's payout ratio is 203.39%.

Insiders Place Their Bets

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 value of $200,420.00. Following the sale, the director now directly owns 64,725 shares of the company's stock, valued at $1,179,289.50. This represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.20% of the company's stock.

About Sabra Health Care REIT

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.