Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Sold by First Hawaiian Bank

First Hawaiian Bank cut its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRAGet Rating) by 6.8% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 23,626 shares of the real estate investment trust’s stock after selling 1,728 shares during the period. First Hawaiian Bank’s holdings in Sabra Health Care REIT were worth $352,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in SBRA. State of Alaska Department of Revenue raised its stake in Sabra Health Care REIT by 0.6% during the fourth quarter. State of Alaska Department of Revenue now owns 149,160 shares of the real estate investment trust’s stock worth $2,019,000 after purchasing an additional 897 shares during the period. Xponance Inc. grew its position in Sabra Health Care REIT by 2.9% during the fourth quarter. Xponance Inc. now owns 34,248 shares of the real estate investment trust’s stock valued at $464,000 after acquiring an additional 957 shares during the period. Oregon Public Employees Retirement Fund increased its stake in Sabra Health Care REIT by 1.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 74,991 shares of the real estate investment trust’s stock worth $1,015,000 after acquiring an additional 1,092 shares during the last quarter. Northwestern Mutual Investment Management Company LLC raised its holdings in shares of Sabra Health Care REIT by 3.9% in the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 37,908 shares of the real estate investment trust’s stock worth $513,000 after purchasing an additional 1,430 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of Sabra Health Care REIT by 250.9% in the 4th quarter. Signaturefd LLC now owns 2,516 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 1,799 shares in the last quarter. Hedge funds and other institutional investors own 91.61% of the company’s stock.

Shares of NASDAQ:SBRA opened at $14.30 on Friday. Sabra Health Care REIT, Inc. has a 12-month low of $11.44 and a 12-month high of $19.01. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.70. The firm has a market cap of $3.30 billion, a PE ratio of -29.18 and a beta of 1.42. The company has a fifty day simple moving average of $13.20 and a 200 day simple moving average of $13.48.

Sabra Health Care REIT (NASDAQ:SBRAGet Rating) last issued its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Sabra Health Care REIT had a negative net margin of 18.28% and a negative return on equity of 3.15%. During the same period last year, the firm posted $0.39 EPS. As a group, equities research analysts forecast that Sabra Health Care REIT, Inc. will post 1.48 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 31st. Stockholders of record on Monday, May 16th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, May 13th. This represents a $1.20 annualized dividend and a dividend yield of 8.39%. Sabra Health Care REIT’s payout ratio is -244.89%.

SBRA has been the subject of several recent research reports. Capital One Financial began coverage on shares of Sabra Health Care REIT in a research report on Friday, June 3rd. They issued an “equal weight” rating and a $15.50 price objective for the company. Credit Suisse Group boosted their price objective on Sabra Health Care REIT from $14.00 to $15.00 and gave the stock a “neutral” rating in a research note on Monday, April 4th. Bank of America upgraded Sabra Health Care REIT from an “underperform” rating to a “neutral” rating and set a $15.00 target price on the stock in a report on Friday, March 11th. StockNews.com began coverage on Sabra Health Care REIT in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Mizuho upgraded shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $16.00 to $15.00 in a research note on Wednesday, May 25th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $16.06.

About Sabra Health Care REIT (Get Rating)

As of March 31, 2022, Sabra's investment portfolio included 416 real estate properties held for investment. This consists of (i) 279 Skilled Nursing/Transitional Care facilities, (ii) 59 Senior Housing communities (Senior Housing – Leased), (iii) 50 Senior Housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 13 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a sales-type lease, 16 investments in loans receivable (consisting of (i) two mortgage loans, (ii) one construction loan and (iii) 13 other loans), seven preferred equity investments and one investment in an unconsolidated joint venture.

See Also

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

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