Asset Management One Co. Ltd. Trims Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Asset Management One Co. Ltd. reduced its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 8.6% in 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 492,569 shares of the real estate investment trust's stock after selling 46,435 shares during the period. Asset Management One Co. Ltd. owned 0.21% of Sabra Health Care REIT worth $8,384,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SBRA. Van ECK Associates Corp raised its position in shares of Sabra Health Care REIT by 12.6% in the 4th quarter. Van ECK Associates Corp now owns 44,797 shares of the real estate investment trust's stock worth $776,000 after acquiring an additional 5,025 shares in the last quarter. Louisiana State Employees Retirement System grew its stake in Sabra Health Care REIT by 1.2% in the fourth quarter. Louisiana State Employees Retirement System now owns 65,700 shares of the real estate investment trust's stock worth $1,138,000 after purchasing an additional 800 shares during the period. Principle Wealth Partners LLC raised its holdings in Sabra Health Care REIT by 16.2% in the fourth quarter. Principle Wealth Partners LLC now owns 18,920 shares of the real estate investment trust's stock worth $328,000 after purchasing an additional 2,635 shares in the last quarter. Wealthstar Advisors LLC purchased a new position in Sabra Health Care REIT during the fourth quarter valued at $660,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Sabra Health Care REIT by 0.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 255,110 shares of the real estate investment trust's stock valued at $4,419,000 after buying an additional 2,109 shares in the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Sabra Health Care REIT Stock Down 3.1 %

Shares of SBRA traded down $0.50 on Friday, hitting $15.89. 2,553,591 shares of the stock traded hands, compared to its average volume of 2,069,511. Sabra Health Care REIT, Inc. has a one year low of $13.31 and a one year high of $20.03. The company has a market capitalization of $3.76 billion, a PE ratio of 29.98, a P/E/G ratio of 1.99 and a beta of 1.25. The business has a 50 day simple moving average of $16.85 and a 200 day simple moving average of $17.62. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.16 and a current ratio of 4.16.

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 EPS for the quarter, meeting the consensus estimate of $0.36. Sabra Health Care REIT had a return on equity of 4.59% and a net margin of 18.02%. The business had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. As a group, equities analysts forecast 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 will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.55%. The ex-dividend date is Friday, February 14th. Sabra Health Care REIT's dividend payout ratio (DPR) is 226.42%.

Analysts Set New Price Targets

SBRA has been the subject of several research reports. Mizuho reiterated a "neutral" rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Truist Financial downgraded shares of Sabra Health Care REIT from a "buy" rating to a "hold" rating and decreased their target price for the company from $18.00 to $17.00 in a research note on Friday, January 17th. 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. Finally, Citizens Jmp raised Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Sabra Health Care REIT has a consensus rating of "Moderate Buy" and an average price target of $18.86.

About Sabra Health Care REIT

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.