Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Acquired by Janus Henderson Group PLC

Janus Henderson Group PLC lifted its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 23.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,504,809 shares of the real estate investment trust's stock after buying an additional 657,950 shares during the quarter. Janus Henderson Group PLC owned approximately 1.48% of Sabra Health Care REIT worth $60,720,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. VSM Wealth Advisory LLC purchased a new stake in Sabra Health Care REIT during the fourth quarter worth approximately $26,000. Assetmark Inc. lifted its stake in Sabra Health Care REIT by 33.4% during the fourth quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 656 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in Sabra Health Care REIT by 208.3% during the fourth quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 4,204 shares during the last quarter. FIL Ltd lifted its stake in Sabra Health Care REIT by 40.4% during the fourth quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust's stock worth $113,000 after purchasing an additional 1,873 shares during the last quarter. Finally, Autumn Glory Partners LLC purchased a new stake in Sabra Health Care REIT during the fourth quarter worth approximately $173,000. Hedge funds and other institutional investors own 99.40% of the company's stock.

Sabra Health Care REIT Price Performance

SBRA stock traded up $0.11 on Friday, reaching $17.87. 2,663,446 shares of the company's stock were exchanged, compared to its average volume of 2,176,119. The stock has a fifty day moving average of $17.49 and a 200-day moving average of $17.44. Sabra Health Care REIT, Inc. has a twelve month low of $13.87 and a twelve month high of $20.03. The firm has a market cap of $4.25 billion, a PE ratio of 33.72, a P/E/G ratio of 1.97 and a beta of 0.88. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share 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%. Sabra Health Care REIT's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.35 earnings per share. As a group, equities analysts predict that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The company 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 6.72%. The ex-dividend date is Friday, May 16th. Sabra Health Care REIT's dividend payout ratio (DPR) is 203.39%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Scotiabank boosted their price objective on Sabra Health Care REIT from $18.00 to $19.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Truist Financial boosted their price objective 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 investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.