Victory Capital Management Inc. Raises Holdings in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA)

Victory Capital Management Inc. increased its position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,630,076 shares of the real estate investment trust's stock after buying an additional 183,739 shares during the quarter. Victory Capital Management Inc. owned 0.69% of Sabra Healthcare REIT worth $28,477,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in shares of Sabra Healthcare REIT by 4.3% in the fourth quarter. JPMorgan Chase & Co. now owns 10,312,991 shares of the real estate investment trust's stock valued at $178,621,000 after acquiring an additional 426,074 shares during the period. Geode Capital Management LLC increased its holdings in Sabra Healthcare REIT by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 6,381,525 shares of the real estate investment trust's stock valued at $110,550,000 after purchasing an additional 86,727 shares during the period. Northern Trust Corp raised its position in Sabra Healthcare REIT by 27.7% during the 4th quarter. Northern Trust Corp now owns 4,169,385 shares of the real estate investment trust's stock valued at $72,214,000 after purchasing an additional 905,466 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Sabra Healthcare REIT by 1.8% in the 1st quarter. Bank of New York Mellon Corp now owns 4,114,215 shares of the real estate investment trust's stock worth $71,875,000 after buying an additional 74,564 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Sabra Healthcare REIT by 23.1% in the 4th quarter. Janus Henderson Group PLC now owns 3,504,809 shares of the real estate investment trust's stock worth $60,720,000 after buying an additional 657,950 shares during the last quarter. 99.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at Sabra Healthcare REIT

In other Sabra Healthcare REIT news, Director Michael J. Foster sold 11,000 shares of the stock in a transaction dated 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 directly owned 64,725 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. 1.20% of the stock is owned by company insiders.

Sabra Healthcare REIT Price Performance

Shares of SBRA stock traded down $0.05 on Thursday, reaching $18.37. The company's stock had a trading volume of 1,342,723 shares, compared to its average volume of 2,303,378. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.89. Sabra Healthcare REIT, Inc. has a 1 year low of $15.60 and a 1 year high of $20.03. The stock's fifty day simple moving average is $18.09 and its 200-day simple moving average is $17.45. The company has a market capitalization of $4.37 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 1.53 and a beta of 0.85.

Sabra Healthcare REIT (NASDAQ:SBRA - Get Free Report) last issued its earnings results 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. The business had revenue of $183.54 million for the quarter, compared to the consensus estimate of $180.23 million. Sabra Healthcare REIT had a net margin of 19.55% and a return on equity of 5.14%. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.35 EPS. Analysts forecast that Sabra Healthcare REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Sabra Healthcare REIT Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date was Friday, May 16th. Sabra Healthcare REIT's payout ratio is currently 203.39%.

About Sabra Healthcare 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.