Schroder Investment Management Group Trims Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Schroder Investment Management Group lowered its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 35.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 99,644 shares of the real estate investment trust’s stock after selling 55,049 shares during the period. Schroder Investment Management Group’s holdings in Sabra Health Care REIT were worth $1,698,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in SBRA. Principal Financial Group Inc. grew its holdings in Sabra Health Care REIT by 0.8% in the 3rd quarter. Principal Financial Group Inc. now owns 21,573,436 shares of the real estate investment trust’s stock valued at $401,479,000 after buying an additional 167,069 shares during the period. FMR LLC grew its holdings in Sabra Health Care REIT by 89.7% in the third quarter. FMR LLC now owns 1,599,532 shares of the real estate investment trust’s stock valued at $29,767,000 after purchasing an additional 756,418 shares during the period. Rockefeller Capital Management L.P. increased its position in Sabra Health Care REIT by 4.5% during the third quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust’s stock worth $286,000 after purchasing an additional 655 shares during the last quarter. Captrust Financial Advisors raised its stake in Sabra Health Care REIT by 4.2% during the third quarter. Captrust Financial Advisors now owns 50,617 shares of the real estate investment trust’s stock worth $942,000 after purchasing an additional 2,041 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in shares of Sabra Health Care REIT by 33.3% in the 3rd quarter. HighTower Advisors LLC now owns 29,619 shares of the real estate investment trust’s stock valued at $547,000 after purchasing an additional 7,403 shares during the last quarter. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Sabra Health Care REIT Trading Down 2.1 %

Shares of SBRA opened at $17.28 on Monday. Sabra Health Care REIT, Inc. has a 12 month low of $13.31 and a 12 month high of $20.03. The stock’s 50-day moving average is $16.89 and its two-hundred day moving average is $17.63. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. The stock has a market cap of $4.11 billion, a PE ratio of 32.60, a P/E/G ratio of 1.97 and a beta of 0.93.

Sabra Health Care REIT (NASDAQ:SBRA) last released 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. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The firm had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. Equities 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 declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT’s payout ratio is 226.42%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Truist Financial upped their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, March 18th. Finally, JMP Securities raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Tuesday, January 7th. 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 company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.33.

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.