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

Toronto Dominion Bank cut its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 9.0% during the third quarter, HoldingsChannel.com reports. The firm owned 33,144 shares of the real estate investment trust’s stock after selling 3,296 shares during the period. Toronto Dominion Bank’s holdings in Sabra Health Care REIT were worth $488,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Mackenzie Financial Corp increased its position in shares of Sabra Health Care REIT by 18.6% in the 3rd quarter. Mackenzie Financial Corp now owns 29,211 shares of the real estate investment trust’s stock valued at $430,000 after acquiring an additional 4,580 shares during the period. Securian Asset Management Inc. increased its position in shares of Sabra Health Care REIT by 5.6% in the 3rd quarter. Securian Asset Management Inc. now owns 153,896 shares of the real estate investment trust’s stock valued at $2,265,000 after acquiring an additional 8,200 shares during the period. Swiss National Bank boosted its holdings in Sabra Health Care REIT by 2.7% in the third quarter. Swiss National Bank now owns 477,141 shares of the real estate investment trust’s stock valued at $7,024,000 after purchasing an additional 12,700 shares during the last quarter. Truist Financial Corp purchased a new stake in Sabra Health Care REIT in the third quarter valued at $178,000. Finally, Daiwa Securities Group Inc. boosted its holdings in Sabra Health Care REIT by 5.3% in the third quarter. Daiwa Securities Group Inc. now owns 59,359 shares of the real estate investment trust’s stock valued at $874,000 after purchasing an additional 2,994 shares during the last quarter. 84.59% of the stock is currently owned by hedge funds and other institutional investors.

SBRA has been the topic of several recent research reports. Truist Securities raised shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, September 30th. Zacks Investment Research lowered shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a report on Thursday, January 6th. Robert W. Baird initiated coverage on shares of Sabra Health Care REIT in a report on Thursday, October 7th. They issued an “outperform” rating and a $18.00 price target on the stock. Truist raised shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, September 30th. Finally, Truist Financial raised shares of Sabra Health Care REIT to a “buy” rating and set a $18.00 price target on the stock in a report on Thursday, September 30th. One equities research analyst has rated the stock with a sell rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $18.63.

SBRA stock opened at $14.31 on Friday. The company’s 50-day simple moving average is $13.75 and its 200-day simple moving average is $15.60. The company has a quick ratio of 5.18, a current ratio of 5.18 and a debt-to-equity ratio of 0.81. Sabra Health Care REIT, Inc. has a 52-week low of $12.31 and a 52-week high of $19.01. The firm has a market cap of $3.27 billion, a P/E ratio of -65.05 and a beta of 1.44.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Wednesday, November 3rd. The real estate investment trust reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.32). Sabra Health Care REIT had a negative net margin of 8.84% and a negative return on equity of 1.52%. During the same quarter in the previous year, the business earned $0.46 earnings per share. On average, analysts anticipate that Sabra Health Care REIT, Inc. will post 1.48 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, November 30th. Investors of record on Tuesday, November 16th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 8.39%. The ex-dividend date was Monday, November 15th. Sabra Health Care REIT’s dividend payout ratio is presently -545.45%.

In other Sabra Health Care REIT news, CFO Harold W. Jr. Andrews sold 110,000 shares of the stock in a transaction dated Wednesday, December 29th. The shares were sold at an average price of $13.55, for a total value of $1,490,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Sabra Health Care REIT Profile

Sabra Health Care REIT, Inc engages in managing and investing in healthcare-related real estate properties. It focuses on the acquisition, financing and owning real estate property to be leased to third party tenants in the healthcare sector. The company was founded on May 10, 2010 and is headquartered in Irvine, CA.

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

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