Caisse Des Depots ET Consignations acquired a new stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 33,391 shares of the real estate investment trust's stock, valued at approximately $578,000.
Other institutional investors have also modified their holdings of the company. VSM Wealth Advisory LLC purchased a new position in Sabra Health Care REIT during the 4th quarter worth $26,000. Quarry LP purchased a new position in shares of Sabra Health Care REIT during the third quarter worth about $30,000. Assetmark Inc. increased its position in Sabra Health Care REIT by 33.4% in the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 656 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Sabra Health Care REIT during the 3rd quarter valued at approximately $59,000. Finally, Jones Financial Companies Lllp lifted its position in Sabra Health Care REIT by 208.3% during the 4th quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock worth $108,000 after acquiring an additional 4,204 shares during the period. 99.40% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on SBRA shares. JMP Securities raised Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 target price on the stock in a report on Tuesday, January 7th. Citizens Jmp upgraded shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Mizuho reaffirmed a "neutral" rating and issued a $20.00 price objective on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Finally, Truist Financial upped their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. Three investment 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. According to data from MarketBeat, Sabra Health Care REIT has an average rating of "Moderate Buy" and an average target price of $19.33.
Check Out Our Latest Report on Sabra Health Care REIT
Sabra Health Care REIT Price Performance
SBRA stock remained flat at $17.54 on Monday. 846,524 shares of the company traded hands, compared to its average volume of 2,080,753. The firm has a market cap of $4.17 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. The company has a fifty day simple moving average of $16.83 and a two-hundred day simple moving average of $17.67. Sabra Health Care REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $20.03.
Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced 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 4.60% 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. Equities research analysts expect 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. Stockholders of record on Friday, February 14th were given a $0.30 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 6.84%. Sabra Health Care REIT's payout ratio is 226.42%.
Sabra Health Care REIT Company Profile
(
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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