Hsbc Holdings PLC Has $1.80 Million Stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Hsbc Holdings PLC lifted its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRAFree Report) by 15.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,998 shares of the real estate investment trust’s stock after buying an additional 16,525 shares during the quarter. Hsbc Holdings PLC owned about 0.05% of Sabra Health Care REIT worth $1,798,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. New York State Common Retirement Fund raised its position in shares of Sabra Health Care REIT by 9.2% in the 3rd quarter. New York State Common Retirement Fund now owns 95,684 shares of the real estate investment trust’s stock worth $1,334,000 after acquiring an additional 8,045 shares in the last quarter. Quantbot Technologies LP bought a new stake in Sabra Health Care REIT in the third quarter worth approximately $118,000. Oppenheimer & Co. Inc. bought a new stake in Sabra Health Care REIT in the third quarter worth approximately $334,000. Swiss National Bank lifted its stake in Sabra Health Care REIT by 1.0% in the third quarter. Swiss National Bank now owns 508,241 shares of the real estate investment trust’s stock valued at $7,085,000 after buying an additional 5,000 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Sabra Health Care REIT by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,096,283 shares of the real estate investment trust’s stock worth $57,102,000 after buying an additional 116,444 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Price Performance

Shares of NASDAQ SBRA opened at $13.99 on Friday. The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 69.95, a PEG ratio of 2.31 and a beta of 1.22. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.33 and a current ratio of 4.33. Sabra Health Care REIT, Inc. has a fifty-two week low of $11.36 and a fifty-two week high of $14.92. The firm’s 50-day simple moving average is $14.23 and its 200 day simple moving average is $14.10.

Sabra Health Care REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.20 annualized dividend and a dividend yield of 8.58%. Sabra Health Care REIT’s payout ratio is 600.00%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Wedbush reiterated an “outperform” rating and set a $17.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, February 29th. Scotiabank upped their price objective on shares of Sabra Health Care REIT from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, May 15th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $15.71.

Check Out Our Latest Analysis on Sabra Health Care REIT

Insider Activity at Sabra Health Care REIT

In related news, Director Catherine Cusack acquired 7,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average cost of $14.43 per share, for a total transaction of $101,010.00. Following the purchase, the director now owns 46,385 shares in the company, valued at $669,335.55. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by insiders.

Sabra Health Care REIT Company Profile

(Free Report)

As of September 30, 2023, Sabra's investment portfolio included 377 real estate properties held for investment (consisting of (i) 240 Skilled Nursing/Transitional Care facilities, (ii) 43 senior housing communities (Senior Housing – Leased), (iii) 61 senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 18 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), 12 investments in loans receivable (consisting of two mortgage loans and 10 other loans), five preferred equity investments and two investments in unconsolidated joint ventures.

Further Reading

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Institutional Ownership by Quarter for Sabra Health Care REIT (NASDAQ:SBRA)

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