Stifel Financial Corp Has $650,000 Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Stifel Financial Corp reduced its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 92.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 37,536 shares of the real estate investment trust’s stock after selling 463,722 shares during the period. Stifel Financial Corp’s holdings in Sabra Health Care REIT were worth $650,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of SBRA. Barclays PLC increased its position in 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 acquiring an additional 243,895 shares during the period. Franklin Resources Inc. grew 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 in the last quarter. Diversify Advisory Services LLC bought a new position in shares of Sabra Health Care REIT during the fourth quarter worth approximately $202,000. SG Americas Securities LLC increased its holdings in shares of Sabra Health Care REIT by 31.1% during the fourth quarter. SG Americas Securities LLC now owns 21,941 shares of the real estate investment trust’s stock worth $380,000 after purchasing an additional 5,204 shares during the period. Finally, Janney Montgomery Scott LLC raised its position in shares of Sabra Health Care REIT by 0.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust’s stock valued at $3,068,000 after buying an additional 763 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Truist Financial raised their price objective 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. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.33.

Sabra Health Care REIT Price Performance

Shares of SBRA opened at $18.18 on Monday. The business has a 50-day moving average of $17.39 and a 200-day moving average of $17.46. 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 company has a market capitalization of $4.33 billion, a price-to-earnings ratio of 34.30, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. Sabra Health Care REIT, Inc. has a 1 year low of $13.87 and a 1 year high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The business had revenue of $183.54 million for the quarter, compared to analyst estimates of $180.23 million. During the same quarter in the previous year, the business earned $0.35 earnings per share. Sabra Health Care REIT’s revenue for the quarter was up 10.1% on a year-over-year basis. As a group, equities research analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.30 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a yield of 6.60%. Sabra Health Care REIT’s payout ratio is currently 203.39%.

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.