Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Sees Significant Decline in Short Interest

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 17,050,000 shares, a decline of 16.7% from the February 13th total of 20,470,000 shares. Currently, 7.3% of the company’s shares are sold short. Based on an average trading volume of 2,130,000 shares, the days-to-cover ratio is currently 8.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SBRA. Rockefeller Capital Management L.P. increased its position in shares of Sabra Health Care REIT by 4.5% during the third quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust’s stock valued at $286,000 after buying an additional 655 shares during the period. Assetmark Inc. boosted its position in Sabra Health Care REIT by 33.4% during the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust’s stock valued at $45,000 after acquiring an additional 656 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Sabra Health Care REIT by 0.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust’s stock worth $3,068,000 after acquiring an additional 763 shares during the period. Focus Partners Wealth raised its position in shares of Sabra Health Care REIT by 4.0% in the 4th quarter. Focus Partners Wealth now owns 20,771 shares of the real estate investment trust’s stock worth $360,000 after acquiring an additional 797 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its position in shares of Sabra Health Care REIT by 1.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 65,700 shares of the real estate investment trust’s stock worth $1,138,000 after acquiring an additional 800 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors.

Sabra Health Care REIT Stock Performance

Sabra Health Care REIT stock opened at $17.61 on Thursday. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. The firm has a market cap of $4.19 billion, a P/E ratio of 33.23, a P/E/G ratio of 1.97 and a beta of 1.27. Sabra Health Care REIT has a 1-year low of $13.31 and a 1-year high of $20.03. The firm has a 50-day moving average of $16.77 and a 200-day moving average of $17.67.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $182.35 million during the quarter, compared to analysts’ expectations of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. Sell-side analysts expect that Sabra Health Care REIT will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.81%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently 226.42%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on SBRA shares. Mizuho reaffirmed a “neutral” rating and set a $20.00 target price on shares of Sabra Health Care REIT in a report on Thursday, December 5th. JMP Securities upgraded Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Tuesday, January 7th. Truist Financial increased their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a report on Tuesday. Finally, Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sabra Health Care REIT presently has an average rating of “Moderate Buy” and an average target price of $19.33.

Sabra Health Care REIT Company 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.