Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Short Interest Update

Sabra Health Care REIT, Inc. (NASDAQ:SBRAGet Free Report) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 12,580,000 shares, an increase of 29.4% from the May 15th total of 9,720,000 shares. Based on an average trading volume of 1,800,000 shares, the short-interest ratio is currently 7.0 days.

Insiders Place Their Bets

In related news, Director Catherine Cusack bought 7,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was bought at an average cost of $14.43 per share, with a total value of $101,010.00. Following the completion of the purchase, the director now owns 46,385 shares in the company, valued at approximately $669,335.55. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue boosted its holdings in shares of Sabra Health Care REIT by 0.6% in the first quarter. State of Alaska Department of Revenue now owns 135,087 shares of the real estate investment trust’s stock valued at $1,993,000 after buying an additional 755 shares during the period. Retirement Systems of Alabama boosted its holdings in shares of Sabra Health Care REIT by 0.3% in the first quarter. Retirement Systems of Alabama now owns 290,353 shares of the real estate investment trust’s stock valued at $4,289,000 after buying an additional 761 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Sabra Health Care REIT by 0.6% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 136,667 shares of the real estate investment trust’s stock valued at $1,931,000 after buying an additional 825 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Sabra Health Care REIT by 5.4% in the fourth quarter. Parallel Advisors LLC now owns 17,655 shares of the real estate investment trust’s stock valued at $252,000 after buying an additional 906 shares during the period. Finally, Global Retirement Partners LLC boosted its holdings in shares of Sabra Health Care REIT by 5.0% in the first quarter. Global Retirement Partners LLC now owns 19,412 shares of the real estate investment trust’s stock valued at $287,000 after buying an additional 923 shares during the period. Institutional investors and hedge funds own 99.40% of the company’s stock.

Analyst Upgrades and Downgrades

SBRA has been the subject of a number of recent research reports. Wedbush reissued an “outperform” rating and set a $17.00 price target on shares of Sabra Health Care REIT in a research note on Thursday, February 29th. Scotiabank boosted their price target on shares of Sabra Health Care REIT from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 15th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $15.71.

View Our Latest Analysis on Sabra Health Care REIT

Sabra Health Care REIT Trading Up 0.4 %

NASDAQ:SBRA traded up $0.05 during trading hours on Friday, hitting $14.29. The stock had a trading volume of 1,085,151 shares, compared to its average volume of 1,359,767. Sabra Health Care REIT has a one year low of $11.36 and a one year high of $14.92. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.33 and a current ratio of 4.33. The company has a market cap of $3.31 billion, a price-to-earnings ratio of 71.45, a P/E/G ratio of 2.30 and a beta of 1.22. The business’s 50 day moving average is $14.18 and its 200-day moving average is $14.08.

Sabra Health Care REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.40%. The ex-dividend date was Friday, May 17th. Sabra Health Care REIT’s payout ratio is presently 600.00%.

About Sabra Health Care REIT

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As of September 30, 2023, Sabra's investment portfolio included 377 real estate properties held for investment (consisting of (i) 240 Skilled Nursing/Transitional Care facilities, (ii) 43 senior housing communities (Senior Housing – Leased), (iii) 61 senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 18 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), 12 investments in loans receivable (consisting of two mortgage loans and 10 other loans), five preferred equity investments and two investments in unconsolidated joint ventures.

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