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

Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Get Free Report) saw a large decline in short interest in 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. Based on an average trading volume of 2,130,000 shares, the days-to-cover ratio is presently 8.0 days. Approximately 7.3% of the shares of the company are short sold.

Sabra Health Care REIT Price Performance

Shares of Sabra Health Care REIT stock traded down $0.07 on Friday, hitting $17.26. The company's stock had a trading volume of 3,670,532 shares, compared to its average volume of 1,980,054. 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 has a 1 year low of $13.31 and a 1 year high of $20.03. The firm has a fifty day moving average price of $16.79 and a 200-day moving average price of $17.67. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 32.57, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The firm had revenue of $182.35 million during the quarter, compared to analyst estimates of $178.01 million. As a group, sell-side analysts anticipate that Sabra Health Care REIT will post 1.45 earnings per share for the current fiscal year.

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Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.30 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 6.95%. Sabra Health Care REIT's dividend payout ratio is presently 226.42%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on SBRA. Truist Financial lifted their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a research report on Tuesday. JMP Securities upgraded Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a research note on Tuesday, January 7th. Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Mizuho reiterated a "neutral" rating and set a $20.00 price objective on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Three 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 MarketBeat, Sabra Health Care REIT has an average rating of "Moderate Buy" and a consensus price target of $19.33.

Institutional Investors Weigh In On Sabra Health Care REIT

Several institutional investors have recently bought and sold shares of the company. Comprehensive Money Management Services LLC acquired a new stake in Sabra Health Care REIT in the 4th quarter worth about $333,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Sabra Health Care REIT in the 4th quarter worth about $14,241,000. Jefferies Financial Group Inc. acquired a new stake in Sabra Health Care REIT in the 4th quarter worth about $348,000. Mackenzie Financial Corp boosted its holdings in Sabra Health Care REIT by 22.1% in the 4th quarter. Mackenzie Financial Corp now owns 289,870 shares of the real estate investment trust's stock worth $5,021,000 after buying an additional 52,441 shares during the last quarter. Finally, GF Fund Management CO. LTD. acquired a new stake in Sabra Health Care REIT in the 4th quarter worth about $74,000. 99.40% of the stock is currently owned by institutional investors and hedge funds.

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.