Alliancebernstein L.P. raised its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 25.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,361,074 shares of the real estate investment trust's stock after acquiring an additional 275,468 shares during the quarter. Alliancebernstein L.P. owned 0.58% of Sabra Health Care REIT worth $23,574,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently made changes to their positions in SBRA. Principal Financial Group Inc. lifted its stake in Sabra Health Care REIT by 2.5% during the fourth quarter. Principal Financial Group Inc. now owns 22,109,683 shares of the real estate investment trust's stock valued at $382,940,000 after purchasing an additional 536,247 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sabra Health Care REIT by 4.3% in the fourth quarter. JPMorgan Chase & Co. now owns 10,312,991 shares of the real estate investment trust's stock valued at $178,621,000 after buying an additional 426,074 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Sabra Health Care REIT by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 6,294,798 shares of the real estate investment trust's stock valued at $117,165,000 after acquiring an additional 104,533 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Sabra Health Care REIT by 13.0% during the 4th quarter. Bank of New York Mellon Corp now owns 4,039,651 shares of the real estate investment trust's stock worth $69,967,000 after acquiring an additional 463,601 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Sabra Health Care REIT by 33.7% in the 4th quarter. Wellington Management Group LLP now owns 3,205,042 shares of the real estate investment trust's stock worth $55,511,000 after acquiring an additional 808,207 shares during the last quarter. Institutional investors own 99.40% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on SBRA. Truist Financial upped their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. Citizens Jmp upgraded shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, JMP Securities upgraded shares of 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 report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.33.
Read Our Latest Stock Analysis on SBRA
Sabra Health Care REIT Stock Up 0.5 %
Shares of NASDAQ SBRA traded up $0.08 during mid-day trading on Friday, reaching $17.35. The company had a trading volume of 1,696,114 shares, compared to its average volume of 2,125,402. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.97 and a beta of 0.93. The stock has a fifty day moving average of $16.88 and a two-hundred day moving average of $17.55. Sabra Health Care REIT, Inc. has a 12-month low of $13.31 and a 12-month high of $20.03.
Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The company had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. As a group, equities research analysts expect that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.
Sabra Health Care REIT Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 6.92%. Sabra Health Care REIT's dividend payout ratio (DPR) is currently 226.42%.
About Sabra Health Care REIT
(
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.
See Also
Before you consider Sabra Health Care REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sabra Health Care REIT wasn't on the list.
While Sabra Health Care REIT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
