Handelsbanken Fonder AB Sells 4,400 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Handelsbanken Fonder AB trimmed its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 5.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 73,306 shares of the real estate investment trust’s stock after selling 4,400 shares during the period. Handelsbanken Fonder AB’s holdings in Sabra Health Care REIT were worth $1,270,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Quarry LP bought a new stake in shares of Sabra Health Care REIT in the 3rd quarter worth $30,000. Assetmark Inc. lifted its position in shares of Sabra Health Care REIT by 168.4% during the 3rd quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,231 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Sabra Health Care REIT during the 3rd quarter worth approximately $59,000. Harbor Capital Advisors Inc. acquired a new position in Sabra Health Care REIT in the third quarter valued at $78,000. Finally, International Assets Investment Management LLC raised its stake in shares of Sabra Health Care REIT by 1,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 5,776 shares during the last quarter. Institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Down 0.2 %

Sabra Health Care REIT stock opened at $16.39 on Thursday. Sabra Health Care REIT, Inc. has a 1-year low of $13.31 and a 1-year high of $20.03. The firm’s fifty day simple moving average is $16.78 and its 200-day simple moving average is $17.62. The company has a market capitalization of $3.90 billion, a P/E ratio of 30.93, a P/E/G ratio of 1.97 and a beta of 1.25. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The company had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. Sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.32%. The ex-dividend date of this dividend is Friday, February 14th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 226.42%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Mizuho reissued a “neutral” rating and issued a $20.00 target price on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Citizens Jmp raised 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 price target for the company in a report on Tuesday, January 7th. Finally, Truist Financial cut Sabra Health Care REIT from a “buy” rating to a “hold” rating and cut their price target for the stock from $18.00 to $17.00 in a research note on Friday, January 17th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Sabra Health Care REIT has an average rating of “Moderate Buy” and a consensus target price of $18.86.

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.