SG Americas Securities LLC Increases Stake in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA)

SG Americas Securities LLC boosted its holdings in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 7.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 23,588 shares of the real estate investment trust’s stock after buying an additional 1,647 shares during the period. SG Americas Securities LLC’s holdings in Sabra Healthcare REIT were worth $412,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. raised its holdings in 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 buying an additional 642 shares during the period. UMB Bank n.a. raised its holdings in Sabra Healthcare REIT by 379.6% in the first quarter. UMB Bank n.a. now owns 2,048 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,621 shares during the period. GAMMA Investing LLC raised its stake in shares of Sabra Healthcare REIT by 1,710.3% during the first quarter. GAMMA Investing LLC now owns 93,447 shares of the real estate investment trust’s stock valued at $1,633,000 after purchasing an additional 88,285 shares during the period. Wellington Management Group LLP raised its stake in shares of Sabra Healthcare REIT by 33.7% during the fourth quarter. Wellington Management Group LLP now owns 3,205,042 shares of the real estate investment trust’s stock valued at $55,511,000 after purchasing an additional 808,207 shares during the period. Finally, Comprehensive Money Management Services LLC purchased a new stake in shares of Sabra Healthcare REIT during the fourth quarter valued at approximately $333,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Insider Buying and Selling at Sabra Healthcare REIT

In other news, Director Michael J. Foster sold 11,000 shares of the business’s stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $18.22, for a total transaction of $200,420.00. Following the completion of the transaction, the director now owns 64,725 shares of the company’s stock, valued at approximately $1,179,289.50. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Sabra Healthcare REIT from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Scotiabank raised their price target on shares of Sabra Healthcare REIT from $19.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sabra Healthcare REIT presently has a consensus rating of “Moderate Buy” and an average target price of $19.67.

Sabra Healthcare REIT Stock Down 0.3%

SBRA stock opened at $18.53 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.22 and a quick ratio of 4.22. Sabra Healthcare REIT, Inc. has a 1-year low of $14.66 and a 1-year high of $20.03. The firm has a fifty day moving average price of $17.82 and a two-hundred day moving average price of $17.27. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 31.41, a PEG ratio of 1.40 and a beta of 0.85.

Sabra Healthcare REIT (NASDAQ:SBRA) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. Sabra Healthcare REIT had a net margin of 19.55% and a return on equity of 5.14%. The firm had revenue of $183.54 million during the quarter, compared to analyst estimates of $180.23 million. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The firm’s revenue for the quarter was up 10.1% compared to the same quarter last year. Research analysts predict that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current year.

Sabra Healthcare REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 6.48%. Sabra Healthcare REIT’s payout ratio is 203.39%.

About Sabra Healthcare 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.