Janus Henderson Group PLC Purchases 657,950 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Janus Henderson Group PLC grew its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 23.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,504,809 shares of the real estate investment trust’s stock after buying an additional 657,950 shares during the period. Janus Henderson Group PLC’s holdings in Sabra Health Care REIT were worth $60,720,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Barclays PLC raised its position in shares of Sabra Health Care REIT by 56.1% in the 3rd quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust’s stock valued at $12,624,000 after purchasing an additional 243,895 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in shares of Sabra Health Care REIT in the 4th quarter valued at approximately $202,000. SG Americas Securities LLC raised its position in shares of Sabra Health Care REIT by 31.1% in the 4th quarter. SG Americas Securities LLC now owns 21,941 shares of the real estate investment trust’s stock valued at $380,000 after purchasing an additional 5,204 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Sabra Health Care REIT by 0.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust’s stock valued at $3,068,000 after purchasing an additional 763 shares during the last quarter. Finally, Inspire Investing LLC raised its position in shares of Sabra Health Care REIT by 4.5% in the 4th quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust’s stock valued at $401,000 after purchasing an additional 992 shares during the last quarter. 99.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SBRA has been the subject of a number of recent research reports. Truist Financial raised their price target on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, March 18th. Scotiabank raised their price target on shares of Sabra Health Care REIT from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Monday. 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, Sabra Health Care REIT presently has an average rating of “Moderate Buy” and an average price target of $19.50.

Sabra Health Care REIT Stock Performance

SBRA opened at $17.75 on Wednesday. The firm has a market capitalization of $4.22 billion, a PE ratio of 33.49, a P/E/G ratio of 1.97 and a beta of 0.88. Sabra Health Care REIT, Inc. has a 12-month low of $13.87 and a 12-month high of $20.03. The firm has a 50 day moving average of $17.43 and a two-hundred day moving average of $17.46. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $183.54 million for the quarter, compared to analysts’ expectations of $180.23 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The business’s revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the company earned $0.35 EPS. On average, analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.76%. Sabra Health Care REIT’s payout ratio is 203.39%.

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.