Federated Hermes Inc. Increases Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Federated Hermes Inc. raised its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 39.7% during the 4th quarter, Holdings Channel reports. The firm owned 22,123 shares of the real estate investment trust’s stock after buying an additional 6,282 shares during the quarter. Federated Hermes Inc.’s holdings in Sabra Health Care REIT were worth $383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in Sabra Health Care REIT by 222.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust’s stock worth $183,996,000 after acquiring an additional 6,819,919 shares in the last quarter. Barclays PLC increased its stake in shares of Sabra Health Care REIT by 56.1% during the third quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust’s stock worth $12,624,000 after purchasing an additional 243,895 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Sabra Health Care REIT by 12.3% during the 3rd quarter. Franklin Resources Inc. now owns 524,917 shares of the real estate investment trust’s stock worth $9,543,000 after purchasing an additional 57,551 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Sabra Health Care REIT by 13.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,039,651 shares of the real estate investment trust’s stock valued at $69,967,000 after buying an additional 463,601 shares in the last quarter. Finally, abrdn plc boosted its holdings in Sabra Health Care REIT by 2.9% in the 4th quarter. abrdn plc now owns 900,690 shares of the real estate investment trust’s stock worth $15,600,000 after buying an additional 25,195 shares during the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Sabra Health Care REIT Stock Down 0.2 %

NASDAQ SBRA opened at $18.14 on Friday. The business’s fifty day simple moving average is $16.98 and its 200-day simple moving average is $17.54. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88. The firm has a market cap of $4.32 billion, a PE ratio of 34.23, a P/E/G ratio of 1.97 and a beta of 0.93. Sabra Health Care REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates 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 net margin of 18.02% and a return on equity of 4.60%. As a group, equities analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.30 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 6.62%. Sabra Health Care REIT’s dividend payout ratio is currently 226.42%.

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.