Edgestream Partners L.P. Invests $2.59 Million in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Edgestream Partners L.P. bought a new stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 149,700 shares of the real estate investment trust's stock, valued at approximately $2,593,000. Edgestream Partners L.P. owned about 0.06% of Sabra Health Care REIT as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Quarry LP purchased a new position in Sabra Health Care REIT during the 3rd quarter worth $30,000. Assetmark Inc. lifted its position in shares of Sabra Health Care REIT by 168.4% during the third quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,231 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Sabra Health Care REIT during the third quarter worth about $59,000. Jones Financial Companies Lllp grew its position in Sabra Health Care REIT by 208.3% in 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. Finally, Autumn Glory Partners LLC purchased a new stake in Sabra Health Care REIT in the 4th quarter valued at about $173,000. Institutional investors own 99.40% of the company's stock.

Sabra Health Care REIT Stock Performance

SBRA traded up $0.27 during trading hours on Thursday, hitting $16.86. The stock had a trading volume of 2,619,409 shares, compared to its average volume of 2,164,427. The stock has a market cap of $4.01 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. Sabra Health Care REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $20.03. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88. The company's fifty day simple moving average is $16.73 and its 200 day simple moving average is $17.65.

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Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (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 company had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. Equities analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.30 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 7.12%. Sabra Health Care REIT's dividend payout ratio (DPR) is currently 226.42%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SBRA. 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 research note on Tuesday, January 7th. Truist Financial downgraded Sabra Health Care REIT from a "buy" rating to a "hold" rating and reduced their price objective for the company from $18.00 to $17.00 in a research note on Friday, January 17th. Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Mizuho restated a "neutral" rating and set a $20.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Sabra Health Care REIT has a consensus rating of "Moderate Buy" and a consensus price target of $19.17.

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.