Cinctive Capital Management LP acquired a new position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 174,541 shares of the real estate investment trust's stock, valued at approximately $3,023,000. Cinctive Capital Management LP owned approximately 0.07% of Sabra Health Care REIT as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in the stock. Headlands Technologies LLC bought a new stake in Sabra Health Care REIT during the fourth quarter worth $201,000. Geode Capital Management LLC increased its stake in shares of Sabra Health Care REIT by 1.4% during the 4th 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 last quarter. Alliancebernstein L.P. raised its holdings in shares of Sabra Health Care REIT by 25.4% in the 4th quarter. Alliancebernstein L.P. now owns 1,361,074 shares of the real estate investment trust's stock valued at $23,574,000 after purchasing an additional 275,468 shares during the period. Wellington Management Group LLP lifted its stake in Sabra Health Care REIT by 33.7% in the 4th quarter. Wellington Management Group LLP now owns 3,205,042 shares of the real estate investment trust's stock valued at $55,511,000 after purchasing an additional 808,207 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Sabra Health Care REIT by 1.8% during the fourth quarter. California Public Employees Retirement System now owns 1,064,368 shares of the real estate investment trust's stock worth $18,435,000 after purchasing an additional 18,834 shares during the period. Institutional investors and hedge funds own 99.40% of the company's stock.
Sabra Health Care REIT Stock Performance
Shares of NASDAQ SBRA traded up $0.40 during trading hours on Tuesday, reaching $16.87. 689,335 shares of the stock were exchanged, compared to its average volume of 2,099,078. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 31.94, a P/E/G ratio of 1.97 and a beta of 0.93. The stock's fifty day simple moving average is $16.87 and its 200 day simple moving average is $17.62. 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 52 week low of $13.31 and a 52 week high of $20.03.
Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $182.35 million for the quarter, compared to analysts' expectations of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. Sell-side analysts predict that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.
Sabra Health Care REIT Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.30 per share. The ex-dividend date was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.11%. Sabra Health Care REIT's payout ratio is presently 226.42%.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Truist Financial raised their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a research report on Tuesday, March 18th. Citizens Jmp raised Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, JMP Securities raised 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 report on Tuesday, January 7th. Three equities research 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's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $19.33.
Check Out Our Latest Analysis on SBRA
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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