Columbus Macro LLC Invests $5.73 Million in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Columbus Macro LLC acquired a new position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 330,755 shares of the real estate investment trust's stock, valued at approximately $5,729,000. Columbus Macro LLC owned 0.14% of Sabra Health Care REIT as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the business. Millennium Management LLC bought a new stake in Sabra Health Care REIT during the 2nd quarter worth approximately $12,972,000. Algert Global LLC bought a new position in Sabra Health Care REIT during the second quarter worth about $359,000. Truist Financial Corp grew its holdings in Sabra Health Care REIT by 85.2% during the second quarter. Truist Financial Corp now owns 183,180 shares of the real estate investment trust's stock valued at $2,821,000 after purchasing an additional 84,251 shares during the period. Cetera Investment Advisers raised its holdings in Sabra Health Care REIT by 1.8% in the second quarter. Cetera Investment Advisers now owns 414,052 shares of the real estate investment trust's stock worth $6,376,000 after purchasing an additional 7,377 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Sabra Health Care REIT during the third quarter worth $311,000. Institutional investors and hedge funds own 99.40% of the company's stock.

Sabra Health Care REIT Stock Down 0.6 %

SBRA traded down $0.10 during trading on Friday, reaching $16.69. 4,093,844 shares of the stock were exchanged, compared to its average volume of 1,782,490. The stock has a market cap of $3.95 billion, a P/E ratio of 40.71, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. The stock's 50 day moving average price is $17.17 and its two-hundred day moving average price is $17.62. Sabra Health Care REIT, Inc. has a twelve month low of $12.98 and a twelve month high of $20.03. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.16 and a current ratio of 4.16.

Sabra Health Care REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.19%. The ex-dividend date is Friday, February 14th. Sabra Health Care REIT's payout ratio is currently 292.69%.

Analyst Ratings Changes

Several equities research analysts have issued reports on SBRA shares. Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Truist Financial cut shares of Sabra Health Care REIT from a "buy" rating to a "hold" rating and cut their price objective for the company from $18.00 to $17.00 in a research report on Friday, January 17th. Mizuho reiterated a "neutral" rating and set a $20.00 target price on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Scotiabank boosted their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "sector perform" rating in a report on Friday, October 11th. Finally, JMP Securities raised 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 research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Sabra Health Care REIT currently has an average rating of "Moderate Buy" and an average target price 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.