Commonwealth Equity Services LLC Has $1.91 Million Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Commonwealth Equity Services LLC lifted its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 59.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 109,997 shares of the real estate investment trust's stock after acquiring an additional 41,128 shares during the quarter. Commonwealth Equity Services LLC's holdings in Sabra Health Care REIT were worth $1,905,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SBRA. Swiss National Bank grew its stake in Sabra Health Care REIT by 1.9% in the 4th quarter. Swiss National Bank now owns 460,741 shares of the real estate investment trust's stock valued at $7,980,000 after buying an additional 8,800 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Sabra Health Care REIT by 50.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,261 shares of the real estate investment trust's stock valued at $2,654,000 after buying an additional 51,595 shares in the last quarter. AlphaQuest LLC increased its position in Sabra Health Care REIT by 2,375.2% during the 4th quarter. AlphaQuest LLC now owns 35,371 shares of the real estate investment trust's stock worth $613,000 after buying an additional 33,942 shares during the period. Edgestream Partners L.P. acquired a new stake in shares of Sabra Health Care REIT during the fourth quarter worth $2,593,000. Finally, Jackson Creek Investment Advisors LLC boosted its position in shares of Sabra Health Care REIT by 3.8% in the fourth quarter. Jackson Creek Investment Advisors LLC now owns 96,914 shares of the real estate investment trust's stock valued at $1,679,000 after acquiring an additional 3,576 shares during the period. Institutional investors own 99.40% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SBRA. Citizens Jmp raised shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Mizuho reissued a "neutral" rating and set a $20.00 target price on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Truist Financial boosted their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a research note on Tuesday, March 18th. Finally, JMP Securities raised shares of 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. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $19.33.

Sabra Health Care REIT Price Performance

NASDAQ:SBRA traded down $0.07 on Monday, hitting $17.47. The company had a trading volume of 1,908,081 shares, compared to its average volume of 2,084,788. 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 current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of 32.96, a PEG ratio of 1.97 and a beta of 1.27. The firm has a 50 day moving average of $16.83 and a two-hundred day moving average of $17.67.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting analysts' consensus estimates 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 analyst estimates of $178.01 million. On average, research analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.87%. Sabra Health Care REIT's dividend payout ratio (DPR) is presently 226.42%.

About Sabra Health Care REIT

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.