Cambridge Investment Research Advisors Inc. lowered its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Get Rating) by 4.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 25,628 shares of the real estate investment trust’s stock after selling 1,181 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Sabra Health Care REIT were worth $319,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of SBRA. Balyasny Asset Management LLC grew its holdings in Sabra Health Care REIT by 6,220.5% during the third quarter. Balyasny Asset Management LLC now owns 2,136,468 shares of the real estate investment trust’s stock worth $28,030,000 after buying an additional 2,102,666 shares in the last quarter. State Street Corp grew its holdings in Sabra Health Care REIT by 18.1% during the first quarter. State Street Corp now owns 12,035,766 shares of the real estate investment trust’s stock worth $179,213,000 after buying an additional 1,840,939 shares in the last quarter. Invesco Ltd. grew its holdings in Sabra Health Care REIT by 59.3% during the first quarter. Invesco Ltd. now owns 2,732,970 shares of the real estate investment trust’s stock worth $40,695,000 after buying an additional 1,017,252 shares in the last quarter. Vanguard Group Inc. grew its holdings in Sabra Health Care REIT by 2.4% during the first quarter. Vanguard Group Inc. now owns 36,317,289 shares of the real estate investment trust’s stock worth $540,765,000 after buying an additional 859,548 shares in the last quarter. Finally, Egyptow Institutional Investment Management Inc. bought a new stake in Sabra Health Care REIT during the third quarter worth $10,391,000. Institutional investors own 87.20% of the company’s stock.
Sabra Health Care REIT Trading Up 0.3 %
Shares of SBRA opened at $10.51 on Monday. The company has a debt-to-equity ratio of 0.81, a quick ratio of 3.13 and a current ratio of 3.13. The firm has a market cap of $2.43 billion, a P/E ratio of -18.77 and a beta of 1.31. Sabra Health Care REIT, Inc. has a fifty-two week low of $10.08 and a fifty-two week high of $16.60. The business has a 50-day moving average of $11.15 and a 200-day moving average of $12.11.
Sabra Health Care REIT Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Tuesday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 11.42%. The ex-dividend date is Monday, May 15th. Sabra Health Care REIT’s payout ratio is presently -214.28%.
Wall Street Analysts Forecast Growth
SBRA has been the subject of several recent research reports. Wells Fargo & Company initiated coverage on Sabra Health Care REIT in a report on Wednesday, April 19th. They set an “underweight” rating and a $11.00 price target for the company. Credit Suisse Group reaffirmed a “neutral” rating and set a $13.00 target price on shares of Sabra Health Care REIT in a research report on Wednesday, April 12th. StockNews.com assumed coverage on Sabra Health Care REIT in a research report on Thursday, May 18th. They set a “hold” rating for the company. Barclays decreased their target price on Sabra Health Care REIT from $15.00 to $13.00 in a research report on Tuesday, April 25th. Finally, Stifel Nicolaus decreased their target price on Sabra Health Care REIT from $15.00 to $14.00 in a research report on Thursday, May 4th. Two equity research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Sabra Health Care REIT has an average rating of “Hold” and a consensus target price of $13.00.
Sabra Health Care REIT Profile
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Sabra Health Care REIT, Inc is engaged in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Irvine, CA.
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