Hsbc Holdings PLC Reduces Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Hsbc Holdings PLC reduced its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 9.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 278,072 shares of the real estate investment trust's stock after selling 28,165 shares during the period. Hsbc Holdings PLC owned 0.12% of Sabra Health Care REIT worth $4,805,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Principal Financial Group Inc. boosted its holdings in shares of Sabra Health Care REIT by 0.8% in the third quarter. Principal Financial Group Inc. now owns 21,573,436 shares of the real estate investment trust's stock valued at $401,479,000 after acquiring an additional 167,069 shares during the period. Barclays PLC raised its position in Sabra Health Care REIT by 56.1% in the 3rd quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust's stock valued at $12,624,000 after purchasing an additional 243,895 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Sabra Health Care REIT during the 3rd quarter worth $59,000. Franklin Resources Inc. grew its position in Sabra Health Care REIT by 12.3% during the 3rd quarter. Franklin Resources Inc. now owns 524,917 shares of the real estate investment trust's stock worth $9,543,000 after purchasing an additional 57,551 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Sabra Health Care REIT by 222.4% in the third quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust's stock valued at $183,996,000 after purchasing an additional 6,819,919 shares during the period. 99.40% of the stock is owned by institutional investors and hedge funds.

Sabra Health Care REIT Price Performance

Shares of NASDAQ SBRA traded down $0.20 during trading on Friday, hitting $17.42. 1,990,457 shares of the company were exchanged, compared to its average volume of 2,144,094. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. 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 market cap of $4.14 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 1.97 and a beta of 0.88. The firm's fifty day moving average price is $17.27 and its 200 day moving average price is $17.51.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting analysts' consensus estimates of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The firm had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. On average, sell-side analysts expect that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.89%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio (DPR) is presently 226.42%.

Analyst Ratings Changes

SBRA has been the topic of a number of research reports. JMP Securities raised Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price target on the stock in a report on Tuesday, January 7th. Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Truist Financial upped their price target on 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. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $19.33.

Sabra Health Care REIT 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.