Sabra Health Care REIT Inc (NASDAQ:SBRA) was the recipient of a large drop in short interest during the month of February. As of February 28th, there was short interest totalling 11,670,317 shares, a drop of 12.2% from the February 15th total of 13,286,367 shares. Currently, 18.4% of the company’s stock are short sold. Based on an average daily trading volume, of 2,482,967 shares, the short-interest ratio is currently 4.7 days.
Large investors have recently modified their holdings of the stock. Ffcm LLC boosted its stake in Sabra Health Care REIT by 1,297.4% during the 4th quarter. Ffcm LLC now owns 5,897 shares of the real estate investment trust’s stock worth $112,000 after purchasing an additional 5,475 shares during the period. FNY Partners Fund LP acquired a new stake in Sabra Health Care REIT during the 3rd quarter worth $155,000. BB&T Securities LLC acquired a new stake in Sabra Health Care REIT during the 3rd quarter worth $200,000. MANA Advisors LLC acquired a new stake in Sabra Health Care REIT during the 4th quarter worth $193,000. Finally, Atria Investments LLC acquired a new stake in Sabra Health Care REIT during the 4th quarter worth $208,000. Hedge funds and other institutional investors own 88.91% of the company’s stock.
Shares of Sabra Health Care REIT (SBRA) opened at $17.94 on Wednesday. The firm has a market cap of $3,260.00, a price-to-earnings ratio of 17.42, a P/E/G ratio of 2.44 and a beta of 0.75. The company has a debt-to-equity ratio of 0.99, a quick ratio of 6.85 and a current ratio of 6.85. Sabra Health Care REIT has a 52 week low of $15.77 and a 52 week high of $29.10.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Thursday, February 15th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 10.03%. The ex-dividend date was Wednesday, February 14th. Sabra Health Care REIT’s dividend payout ratio is currently 174.76%.
SBRA has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $21.00 target price (down from $22.00) on shares of Sabra Health Care REIT in a research report on Thursday, February 22nd. Mizuho set a $18.00 target price on shares of Sabra Health Care REIT and gave the company a “hold” rating in a research report on Friday, February 23rd. Jefferies Group reaffirmed a “hold” rating on shares of Sabra Health Care REIT in a research report on Thursday, December 21st. Finally, ValuEngine downgraded shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $23.50.
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About Sabra Health Care REIT
Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.
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