Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. increased its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 559,789 shares of the real estate investment trust's stock after acquiring an additional 36,104 shares during the period. Envestnet Asset Management Inc. owned 0.24% of Sabra Health Care REIT worth $9,696,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Sabra Health Care REIT by 2.5% during the fourth quarter. Principal Financial Group Inc. now owns 22,109,683 shares of the real estate investment trust's stock worth $382,940,000 after buying an additional 536,247 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Sabra Health Care REIT by 4.3% during the 4th quarter. JPMorgan Chase & Co. now owns 10,312,991 shares of the real estate investment trust's stock valued at $178,621,000 after purchasing an additional 426,074 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Sabra Health Care REIT by 1.4% during the fourth 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 period. Bank of New York Mellon Corp grew its position in Sabra Health Care REIT by 13.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,039,651 shares of the real estate investment trust's stock worth $69,967,000 after buying an additional 463,601 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of 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 in the last quarter. Institutional investors own 99.40% of the company's stock.

Sabra Health Care REIT Stock Performance

NASDAQ:SBRA traded down $0.03 during trading hours on Thursday, reaching $17.60. The company had a trading volume of 242,657 shares, compared to its average volume of 2,128,078. Sabra Health Care REIT, Inc. has a 52 week low of $13.55 and a 52 week high of $20.03. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 33.20, a PEG ratio of 1.97 and a beta of 0.93. 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 firm's 50 day moving average price is $17.10 and its 200-day moving average price is $17.53.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its quarterly earnings results 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. The company had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. On average, analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 6.82%. Sabra Health Care REIT's dividend payout ratio is currently 226.42%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on SBRA shares. Truist Financial raised their price target on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. 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 research report on Tuesday, January 7th. Finally, Citizens Jmp upgraded shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Three 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price 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.