Bright Futures Wealth Management LLC. Sells 24,762 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Bright Futures Wealth Management LLC. cut its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 70.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,314 shares of the real estate investment trust's stock after selling 24,762 shares during the period. Bright Futures Wealth Management LLC.'s holdings in Sabra Health Care REIT were worth $171,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Van ECK Associates Corp boosted its position in 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 valued at $776,000 after buying an additional 5,025 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in Sabra Health Care REIT by 1.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 65,700 shares of the real estate investment trust's stock valued at $1,138,000 after buying an additional 800 shares during the last quarter. Principle Wealth Partners LLC boosted its position in Sabra Health Care REIT by 16.2% in the 4th quarter. Principle Wealth Partners LLC now owns 18,920 shares of the real estate investment trust's stock valued at $328,000 after buying an additional 2,635 shares during the last quarter. Wealthstar Advisors LLC bought a new position in Sabra Health Care REIT in the 4th quarter valued at $660,000. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in Sabra Health Care REIT by 0.8% in 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 during the last quarter. 99.40% of the stock is currently owned by institutional investors.

Sabra Health Care REIT Stock Performance

Shares of Sabra Health Care REIT stock traded down $0.06 on Tuesday, reaching $16.46. 2,718,951 shares of the company traded hands, compared to its average volume of 2,017,163. Sabra Health Care REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $20.03. The company has a 50 day moving average of $16.92 and a 200 day moving average of $17.63. The firm has a market capitalization of $3.89 billion, a PE ratio of 40.15, a PEG ratio of 2.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.16 and a quick ratio of 4.16.

Sabra Health Care REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.29%. The ex-dividend date of this dividend is Friday, February 14th. Sabra Health Care REIT's dividend payout ratio (DPR) is presently 292.69%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SBRA. Citizens Jmp raised Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. 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 note on Tuesday, January 7th. Mizuho reissued 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. Finally, Truist Financial downgraded 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 research note on Friday, January 17th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $18.86.

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.