Bank of Montreal Can Acquires 651,346 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Bank of Montreal Can raised its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 979.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 717,824 shares of the real estate investment trust's stock after purchasing an additional 651,346 shares during the quarter. Bank of Montreal Can owned 0.30% of Sabra Health Care REIT worth $12,433,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Principal Financial Group Inc. raised its holdings in Sabra Health Care REIT by 2.5% in the 4th 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 buying an additional 536,247 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Sabra Health Care REIT by 4.3% during 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 acquiring an additional 426,074 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Sabra Health Care REIT by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 6,381,525 shares of the real estate investment trust's stock worth $110,550,000 after purchasing an additional 86,727 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Sabra Health Care REIT by 13.0% during the fourth 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 purchasing an additional 463,601 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Sabra Health Care REIT by 33.7% in the fourth quarter. Wellington Management Group LLP now owns 3,205,042 shares of the real estate investment trust's stock worth $55,511,000 after purchasing an additional 808,207 shares during the last quarter. 99.40% of the stock is owned by institutional investors and hedge funds.

Sabra Health Care REIT Trading Down 0.2 %

Shares of SBRA stock traded down $0.03 during trading hours on Friday, hitting $18.14. 2,252,110 shares of the company were exchanged, compared to its average volume of 2,139,060. The company has a 50 day simple moving average of $16.98 and a two-hundred day simple moving average of $17.54. The firm has a market cap of $4.32 billion, a P/E ratio of 34.23, a P/E/G ratio of 1.97 and a beta of 0.93. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. 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 for the quarter, meeting the consensus estimate of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The firm had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. Equities analysts anticipate 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. Investors of record on Friday, February 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio is currently 226.42%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JMP Securities raised Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 target price for the company in a research report on Tuesday, January 7th. Truist Financial lifted their price objective 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, Citizens Jmp raised shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $19.33.

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.