Bank of New York Mellon Corp increased its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 13.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,039,651 shares of the real estate investment trust's stock after purchasing an additional 463,601 shares during the quarter. Bank of New York Mellon Corp owned 1.71% of Sabra Health Care REIT worth $69,967,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of Sabra Health Care REIT in the third quarter valued at about $30,000. Assetmark Inc. boosted its holdings in Sabra Health Care REIT by 168.4% in the 3rd quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,231 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Sabra Health Care REIT during the 3rd quarter worth approximately $59,000. Harbor Capital Advisors Inc. acquired a new position in Sabra Health Care REIT during the 3rd quarter worth approximately $78,000. Finally, International Assets Investment Management LLC raised its stake in shares of Sabra Health Care REIT by 1,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust's stock worth $114,000 after buying an additional 5,776 shares in the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of research analysts recently weighed in on SBRA shares. Truist Financial lowered Sabra Health Care REIT from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $18.00 to $17.00 in a report on Friday, January 17th. Citizens Jmp raised shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. JMP Securities upgraded shares of Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a research note on Tuesday, January 7th. Finally, Mizuho reissued a "neutral" rating and set a $20.00 price objective on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Three research 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $19.17.
Get Our Latest Research Report on SBRA
Sabra Health Care REIT Price Performance
Shares of NASDAQ:SBRA traded up $0.33 during midday trading on Friday, hitting $16.90. 802,008 shares of the stock were exchanged, compared to its average volume of 2,092,030. Sabra Health Care REIT, Inc. has a twelve month low of $13.31 and a twelve month high of $20.03. 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 50 day moving average price of $16.77 and a 200-day moving average price of $17.63. The stock has a market cap of $4.02 billion, a P/E ratio of 31.86, a PEG ratio of 1.97 and a beta of 1.27.
Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. On average, research analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.
Sabra Health Care REIT Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.30 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 7.10%. Sabra Health Care REIT's payout ratio is currently 226.42%.
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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