Arrowstreet Capital Limited Partnership Sells 877,880 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Arrowstreet Capital Limited Partnership trimmed its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 83.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 171,380 shares of the real estate investment trust's stock after selling 877,880 shares during the quarter. Arrowstreet Capital Limited Partnership owned about 0.07% of Sabra Health Care REIT worth $2,968,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its holdings in Sabra Health Care REIT by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 6,294,798 shares of the real estate investment trust's stock worth $117,165,000 after acquiring an additional 104,533 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Sabra Health Care REIT by 222.4% in the third quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust's stock worth $183,996,000 after purchasing an additional 6,819,919 shares during the period. Vestcor Inc lifted its position in shares of Sabra Health Care REIT by 62.5% during the 3rd quarter. Vestcor Inc now owns 207,918 shares of the real estate investment trust's stock worth $3,869,000 after purchasing an additional 79,956 shares during the last quarter. Barclays PLC lifted its position in shares of Sabra Health Care REIT by 56.1% during the 3rd quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust's stock worth $12,624,000 after purchasing an additional 243,895 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in Sabra Health Care REIT by 12.3% during the 3rd quarter. Franklin Resources Inc. now owns 524,917 shares of the real estate investment trust's stock valued at $9,543,000 after purchasing an additional 57,551 shares during the period. 99.40% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

SBRA has been the topic of several recent analyst reports. 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 report on Tuesday, January 7th. Truist Financial boosted their target price on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a research report on Tuesday, March 18th. Finally, Citizens Jmp raised shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $19.33.

Sabra Health Care REIT Stock Performance

Shares of NASDAQ SBRA traded up $0.18 during trading hours on Tuesday, reaching $17.84. The stock had a trading volume of 121,246 shares, compared to its average volume of 2,122,091. The company has a market cap of $4.25 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 1.97 and a beta of 0.93. Sabra Health Care REIT, Inc. has a twelve month low of $13.31 and a twelve month high of $20.03. The business's fifty day moving average is $16.90 and its two-hundred day moving average is $17.54. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.36. The company had revenue of $182.35 million during the quarter, compared to analysts' expectations of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio is 226.42%.

Sabra Health Care REIT Profile

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.