APG Asset Management US Inc. lowered its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,206,617 shares of the real estate investment trust's stock after selling 49,002 shares during the period. Sabra Health Care REIT makes up about 0.3% of APG Asset Management US Inc.'s holdings, making the stock its 29th biggest position. APG Asset Management US Inc. owned 0.93% of Sabra Health Care REIT worth $38,219,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in SBRA. VSM Wealth Advisory LLC bought a new position in shares of Sabra Health Care REIT in the fourth quarter valued at approximately $26,000. Quarry LP bought a new stake in Sabra Health Care REIT in the third quarter valued at $30,000. Assetmark Inc. grew its stake in shares of Sabra Health Care REIT by 33.4% in the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock worth $45,000 after buying an additional 656 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Sabra Health Care REIT in the third quarter worth approximately $59,000. Finally, Jones Financial Companies Lllp raised its stake in shares of Sabra Health Care REIT by 208.3% in 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 during the last quarter. 99.40% of the stock is currently owned by institutional investors and hedge funds.
Sabra Health Care REIT Stock Up 0.9 %
Shares of SBRA stock traded up $0.15 during trading hours on Monday, reaching $17.50. 623,470 shares of the company's stock were exchanged, compared to its average volume of 2,123,435. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. The company has a market cap of $4.16 billion, a price-to-earnings ratio of 33.02, a P/E/G ratio of 1.97 and a beta of 0.93. The stock's 50 day moving average is $16.88 and its 200-day moving average is $17.54. Sabra Health Care REIT, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $20.03.
Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last posted its quarterly 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. The company had revenue of $182.35 million during the quarter, compared to analyst estimates of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. Analysts predict that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.
Sabra Health Care REIT Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.86%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio is presently 226.42%.
Analysts Set New Price Targets
A number of brokerages recently issued reports on SBRA. Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Truist Financial increased their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a research note on Tuesday, March 18th. Finally, JMP Securities upgraded Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price target for the company in a research note 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 company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $19.33.
Check Out Our Latest Analysis on SBRA
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.
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