Duff & Phelps Investment Management Co. Acquires 356,030 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Duff & Phelps Investment Management Co. grew its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 16.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,539,749 shares of the real estate investment trust's stock after buying an additional 356,030 shares during the period. Duff & Phelps Investment Management Co. owned approximately 1.07% of Sabra Health Care REIT worth $43,988,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the stock. VSM Wealth Advisory LLC acquired a new position in Sabra Health Care REIT during the 4th quarter worth approximately $26,000. Quarry LP bought a new stake in Sabra Health Care REIT during the 3rd quarter valued at $30,000. Assetmark Inc. raised its holdings in shares of 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 worth $45,000 after acquiring an additional 656 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Sabra Health Care REIT during the 3rd quarter valued at about $59,000. Finally, Jones Financial Companies Lllp increased its holdings 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 purchasing an additional 4,204 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company's stock.

Sabra Health Care REIT Stock Performance

Sabra Health Care REIT stock traded down $0.08 during trading on Monday, hitting $17.47. The stock had a trading volume of 888,410 shares, compared to its average volume of 2,081,591. The stock's 50 day moving average is $16.83 and its two-hundred day moving average is $17.67. Sabra Health Care REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $20.03. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of 33.05, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88.

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Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, meeting 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 firm had revenue of $182.35 million for the quarter, compared to analysts' expectations of $178.01 million. As a group, 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 declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.87%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio (DPR) is currently 226.42%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on SBRA shares. JMP Securities upgraded 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. Truist Financial raised their price target on shares of 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. Mizuho reaffirmed a "neutral" rating and issued a $20.00 price objective on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Finally, Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $19.33.

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.