Asset Planning Inc Acquires New Shares in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Asset Planning Inc purchased a new stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 16,676 shares of the real estate investment trust's stock, valued at approximately $289,000.

A number of other large investors have also added to or reduced their stakes in SBRA. Quarry LP bought a new stake in shares of Sabra Health Care REIT in the 3rd quarter worth approximately $30,000. Assetmark Inc. increased its position in Sabra Health Care REIT by 168.4% during the 3rd quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,231 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sabra Health Care REIT in the 3rd quarter worth about $59,000. Harbor Capital Advisors Inc. bought a new stake in shares of Sabra Health Care REIT during the 3rd quarter valued at about $78,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Sabra Health Care REIT by 1,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust's stock valued at $114,000 after purchasing an additional 5,776 shares in the last quarter. Institutional investors own 99.40% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on SBRA. Citizens Jmp raised shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Truist Financial cut Sabra Health Care REIT from a "buy" rating to a "hold" rating and lowered their target price for the company from $18.00 to $17.00 in a research note on Friday, January 17th. JMP Securities raised Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price target on the stock in a research note on Tuesday, January 7th. Finally, Mizuho reiterated a "neutral" rating and issued a $20.00 price objective on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $18.86.

Sabra Health Care REIT Stock Down 0.4 %

NASDAQ:SBRA traded down $0.06 during trading hours on Tuesday, reaching $16.46. 2,718,951 shares of the company traded hands, compared to its average volume of 2,017,163. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90. The business's 50-day moving average price is $16.92 and its two-hundred day moving average price is $17.63. Sabra Health Care REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $20.03. The stock has a market capitalization of $3.89 billion, a P/E ratio of 40.15, a P/E/G ratio of 2.02 and a beta of 1.25.

Sabra Health Care REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.29%. The ex-dividend date is Friday, February 14th. Sabra Health Care REIT's payout ratio is 292.69%.

About Sabra Health Care REIT

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.