Resona Asset Management Co. Ltd. acquired a new stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 93,659 shares of the real estate investment trust's stock, valued at approximately $1,597,000.
Several other institutional investors have also added to or reduced their stakes in the stock. VSM Wealth Advisory LLC purchased a new position in shares of Sabra Health Care REIT during the fourth quarter valued at about $26,000. Quarry LP bought a new stake in Sabra Health Care REIT during the 3rd quarter valued at approximately $30,000. 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. Wilmington Savings Fund Society FSB purchased a new position in shares of Sabra Health Care REIT during the 3rd quarter worth approximately $59,000. Finally, Jones Financial Companies Lllp raised its position in shares of Sabra Health Care REIT by 208.3% in the 4th quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock worth $108,000 after acquiring an additional 4,204 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors.
Sabra Health Care REIT Stock Up 1.2 %
Shares of SBRA traded up $0.21 during trading hours on Tuesday, hitting $17.87. The company had a trading volume of 219,919 shares, compared to its average volume of 2,122,450. Sabra Health Care REIT, Inc. has a 52-week low of $13.31 and a 52-week high of $20.03. The firm has a fifty day moving average price of $16.90 and a 200-day moving average price of $17.54. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 33.65, a P/E/G ratio of 1.97 and a beta of 0.93. 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 (NASDAQ:SBRA - Get Free Report) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The business had revenue of $182.35 million during the quarter, compared to analysts' expectations of $178.01 million. On average, equities research analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.
Sabra Health Care REIT Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT's payout ratio is 226.42%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on SBRA. Truist Financial lifted their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a research report on Tuesday, March 18th. JMP Securities raised shares of Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 target price on the stock in a research report on Tuesday, January 7th. Finally, Citizens Jmp upgraded shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $19.33.
Check Out Our Latest Analysis on SBRA
Sabra Health Care REIT Profile
(
Free Report)
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.
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