Hsbc Holdings PLC trimmed its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 9.2% during the 4th quarter, according to the company in its most recent Form 13F 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 quarter. Hsbc Holdings PLC owned 0.12% of Sabra Health Care REIT worth $4,805,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its stake in shares of Sabra Health Care REIT by 2.5% in the fourth quarter. Principal Financial Group Inc. now owns 22,109,683 shares of the real estate investment trust's stock worth $382,940,000 after buying an additional 536,247 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Sabra Health Care 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 boosted its position in Sabra Health Care REIT by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 6,381,525 shares of the real estate investment trust's stock worth $110,550,000 after purchasing an additional 86,727 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Sabra Health Care REIT by 13.0% during the 4th quarter. Bank of New York Mellon Corp now owns 4,039,651 shares of the real estate investment trust's stock worth $69,967,000 after purchasing an additional 463,601 shares during the period. Finally, Wellington Management Group LLP increased its holdings in shares of 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 valued at $55,511,000 after purchasing an additional 808,207 shares in the last quarter. 99.40% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
SBRA has been the topic of several analyst reports. Citizens Jmp upgraded shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. JMP Securities upgraded Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 target price on the stock in a research report on Tuesday, January 7th. Finally, 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 note on Tuesday, March 18th. 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 company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $19.33.
Read Our Latest Report on SBRA
Sabra Health Care REIT Price Performance
Shares of SBRA stock traded down $0.20 on Friday, reaching $17.42. 1,990,457 shares of the company were exchanged, compared to its average volume of 2,146,288. 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 debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. The business has a 50-day moving average price of $17.27 and a 200 day moving average price of $17.50. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 32.87, a P/E/G ratio of 1.97 and a beta of 0.88.
Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The company had revenue of $182.35 million during the quarter, compared to analyst estimates of $178.01 million. Equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 6.89%. Sabra Health Care REIT's payout ratio is currently 226.42%.
About Sabra Health Care REIT
(
Free Report)
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.
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