SG Americas Securities LLC Sells 57,598 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

SG Americas Securities LLC reduced its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRAGet Rating) by 57.0% in the 3rd quarter, Holdings Channel reports. The fund owned 43,372 shares of the real estate investment trust’s stock after selling 57,598 shares during the quarter. SG Americas Securities LLC’s holdings in Sabra Health Care REIT were worth $569,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SBRA. Deutsche Bank AG grew its holdings in shares of Sabra Health Care REIT by 161.6% during the second quarter. Deutsche Bank AG now owns 5,097,445 shares of the real estate investment trust’s stock worth $71,210,000 after buying an additional 3,148,985 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Sabra Health Care REIT by 3,773.6% during the second quarter. Millennium Management LLC now owns 1,998,167 shares of the real estate investment trust’s stock worth $27,914,000 after buying an additional 1,946,583 shares in the last quarter. State Street Corp grew its holdings in shares of Sabra Health Care REIT by 18.1% during the first quarter. State Street Corp now owns 12,035,766 shares of the real estate investment trust’s stock worth $179,213,000 after buying an additional 1,840,939 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Sabra Health Care REIT by 437.3% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,616,519 shares of the real estate investment trust’s stock worth $22,583,000 after buying an additional 1,315,648 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Sabra Health Care REIT by 59.3% during the first quarter. Invesco Ltd. now owns 2,732,970 shares of the real estate investment trust’s stock worth $40,695,000 after buying an additional 1,017,252 shares in the last quarter. 87.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SBRA shares. JMP Securities downgraded Sabra Health Care REIT from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 13th. Robert W. Baird downgraded Sabra Health Care REIT from an “outperform” rating to a “neutral” rating and set a $13.00 price objective for the company. in a report on Monday, October 10th. Bank of America downgraded Sabra Health Care REIT from a “neutral” rating to an “underperform” rating and decreased their price target for the company from $15.00 to $13.00 in a research note on Monday, November 14th. Finally, StockNews.com began coverage on Sabra Health Care REIT in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sabra Health Care REIT currently has an average rating of “Hold” and an average price target of $15.00.

Sabra Health Care REIT Stock Performance

SBRA opened at $13.31 on Tuesday. Sabra Health Care REIT, Inc. has a 12-month low of $11.44 and a 12-month high of $16.60. The stock has a market cap of $3.07 billion, a price-to-earnings ratio of -166.38 and a beta of 1.25. The business has a 50 day moving average of $12.69 and a 200-day moving average of $13.67. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76.

Sabra Health Care REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Stockholders of record on Thursday, November 17th were given a $0.30 dividend. The ex-dividend date was Wednesday, November 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.02%. Sabra Health Care REIT’s payout ratio is -1,500.00%.

Sabra Health Care REIT Company Profile

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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.

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

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