AlphaQuest LLC lifted its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 2,375.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,371 shares of the real estate investment trust's stock after buying an additional 33,942 shares during the quarter. AlphaQuest LLC's holdings in Sabra Health Care REIT were worth $613,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of SBRA. Quarry LP purchased a new stake in shares of Sabra Health Care REIT in the third quarter valued at approximately $30,000. Assetmark Inc. boosted its stake in shares of Sabra Health Care REIT by 168.4% in the third quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust's stock valued at $37,000 after buying an additional 1,231 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Sabra Health Care REIT during the third quarter worth $59,000. Jones Financial Companies Lllp boosted its position in Sabra Health Care REIT by 208.3% during the fourth quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 4,204 shares in the last quarter. Finally, Autumn Glory Partners LLC purchased a new stake in Sabra Health Care REIT during the fourth quarter worth $173,000. 99.40% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
SBRA has been the topic of a number of research analyst reports. Truist Financial downgraded Sabra Health Care REIT from a "buy" rating to a "hold" rating and decreased their target price for the stock from $18.00 to $17.00 in a research report on Friday, January 17th. Mizuho reiterated a "neutral" rating and set a $20.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Finally, JMP Securities upgraded 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. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $19.17.
Check Out Our Latest Stock Report on SBRA
Sabra Health Care REIT Stock Performance
NASDAQ SBRA opened at $16.62 on Wednesday. Sabra Health Care REIT, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $20.03. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 31.36, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. The business has a fifty day moving average of $16.74 and a 200-day moving average of $17.66. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88.
Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting analysts' consensus estimates of $0.36. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The company had revenue of $182.35 million during the quarter, compared to analysts' expectations of $178.01 million. As a group, analysts predict that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.
Sabra Health Care REIT Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors 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 annualized dividend and a yield of 7.22%. Sabra Health Care REIT's payout ratio is currently 226.42%.
Sabra Health Care REIT Company 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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