Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Stock Holdings Lowered by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 8.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,915 shares of the real estate investment trust’s stock after selling 3,798 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Sabra Health Care REIT were worth $709,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC raised its holdings in shares of Sabra Health Care REIT by 56.1% during the third quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust’s stock valued at $12,624,000 after acquiring an additional 243,895 shares during the period. Franklin Resources Inc. raised its holdings in shares of Sabra Health Care REIT by 12.3% during the third quarter. Franklin Resources Inc. now owns 524,917 shares of the real estate investment trust’s stock valued at $9,543,000 after acquiring an additional 57,551 shares during the period. Diversify Advisory Services LLC acquired a new stake in shares of Sabra Health Care REIT during the fourth quarter valued at approximately $202,000. SG Americas Securities LLC raised its holdings in shares of Sabra Health Care REIT by 31.1% during the fourth quarter. SG Americas Securities LLC now owns 21,941 shares of the real estate investment trust’s stock valued at $380,000 after acquiring an additional 5,204 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Sabra Health Care REIT by 0.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust’s stock valued at $3,068,000 after acquiring an additional 763 shares during the period. 99.40% of the stock is currently owned by institutional investors.

Sabra Health Care REIT Stock Performance

Shares of SBRA opened at $18.18 on Monday. The company’s 50 day moving average price is $17.39 and its 200 day moving average price is $17.46. Sabra Health Care REIT, Inc. has a 52 week low of $13.87 and a 52 week high of $20.03. The company has a market capitalization of $4.33 billion, a PE ratio of 34.30, a PEG ratio of 1.97 and a beta of 0.88. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $183.54 million for the quarter, compared to the consensus estimate of $180.23 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.35 earnings per share. Research analysts expect that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.60%. The ex-dividend date is Friday, May 16th. Sabra Health Care REIT’s dividend payout ratio is 203.39%.

Analysts Set New Price Targets

Separately, Truist Financial boosted their price target on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a report on Tuesday, March 18th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

Sabra Health Care REIT 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.