Stifel Financial Corp Sells 463,722 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Stifel Financial Corp cut its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 92.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,536 shares of the real estate investment trust's stock after selling 463,722 shares during the quarter. Stifel Financial Corp's holdings in Sabra Health Care REIT were worth $650,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC bought a new stake in Sabra Health Care REIT during the fourth quarter worth approximately $26,000. Assetmark Inc. lifted its stake in shares of Sabra Health Care REIT by 33.4% in the fourth quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock worth $45,000 after buying an additional 656 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Sabra Health Care REIT by 208.3% during the 4th quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock worth $108,000 after buying an additional 4,204 shares during the period. FIL Ltd grew its stake in Sabra Health Care REIT by 40.4% in the 4th quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust's stock valued at $113,000 after buying an additional 1,873 shares during the last quarter. Finally, Autumn Glory Partners LLC bought a new position in Sabra Health Care REIT in the 4th quarter worth $173,000. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SBRA. Scotiabank raised their price target on Sabra Health Care REIT from $18.00 to $19.00 and gave the company a "sector perform" rating in a research report on Monday. Truist Financial increased their target price 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 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. According to data from MarketBeat.com, Sabra Health Care REIT currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.50.

Sabra Health Care REIT Stock Performance

Shares of SBRA traded down $0.25 during trading hours on Wednesday, reaching $17.50. 2,650,658 shares of the company traded hands, compared to its average volume of 2,170,073. 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 stock's fifty day moving average is $17.43 and its 200 day moving average is $17.46. Sabra Health Care REIT, Inc. has a 1-year low of $13.87 and a 1-year high of $20.03. The stock has a market cap of $4.16 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its quarterly earnings data 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 company had revenue of $183.54 million during the quarter, compared to the consensus estimate of $180.23 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm earned $0.35 EPS. Equities research analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.86%. The ex-dividend date of this dividend is Friday, May 16th. Sabra Health Care REIT's payout ratio is 203.39%.

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.