Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 7.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,713 shares of the real estate investment trust’s stock after buying an additional 1,590 shares during the period. Federated Hermes Inc.’s holdings in Sabra Healthcare REIT were worth $414,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. State of Michigan Retirement System increased its position in Sabra Healthcare REIT by 1.1% during the first quarter. State of Michigan Retirement System now owns 56,649 shares of the real estate investment trust’s stock worth $990,000 after buying an additional 600 shares during the period. Louisiana State Employees Retirement System increased its position in Sabra Healthcare REIT by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 66,300 shares of the real estate investment trust’s stock worth $1,158,000 after buying an additional 600 shares during the period. Harbor Capital Advisors Inc. increased its holdings in shares of Sabra Healthcare REIT by 17.2% in the first quarter. Harbor Capital Advisors Inc. now owns 4,377 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 642 shares during the period. Diversify Advisory Services LLC increased its holdings in shares of Sabra Healthcare REIT by 5.7% in the first quarter. Diversify Advisory Services LLC now owns 12,878 shares of the real estate investment trust’s stock valued at $226,000 after purchasing an additional 689 shares during the period. Finally, IFP Advisors Inc increased its holdings in shares of Sabra Healthcare REIT by 16.2% in the first quarter. IFP Advisors Inc now owns 5,060 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 706 shares during the period. Institutional investors and hedge funds own 99.40% of the company’s stock.

Sabra Healthcare REIT Trading Up 0.2%

Shares of SBRA stock opened at $18.72 on Friday. The business’s fifty day moving average price is $18.25 and its 200 day moving average price is $17.55. Sabra Healthcare REIT, Inc. has a 1-year low of $15.60 and a 1-year high of $20.03. The firm has a market capitalization of $4.49 billion, a PE ratio of 24.63, a P/E/G ratio of 1.55 and a beta of 0.86. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.80 and a quick ratio of 4.22.

Sabra Healthcare REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The firm had revenue of $189.15 million for the quarter, compared to analyst estimates of $185.64 million. Sabra Healthcare REIT had a return on equity of 6.69% and a net margin of 24.87%. Sabra Healthcare REIT’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.36 earnings per share. As a group, sell-side analysts forecast that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Healthcare REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Stockholders of record on Friday, August 15th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Friday, August 15th. Sabra Healthcare REIT’s dividend payout ratio is currently 157.89%.

Insider Activity

In other news, Director Michael J. Foster sold 11,000 shares of the company’s stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $18.22, for a total value of $200,420.00. Following the sale, the director directly owned 64,725 shares in the company, valued at $1,179,289.50. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SBRA has been the topic of a number of recent research reports. Scotiabank boosted their target price on Sabra Healthcare REIT from $19.00 to $20.00 and gave the company a “sector perform” rating in a report on Monday, June 23rd. JMP Securities boosted their target price on Sabra Healthcare REIT from $20.00 to $22.00 and gave the company a “market outperform” rating in a report on Wednesday. Three 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 $20.00.

Sabra Healthcare 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.