Franklin Resources Inc. trimmed its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 13.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 453,610 shares of the real estate investment trust's stock after selling 71,307 shares during the period. Franklin Resources Inc. owned about 0.19% of Sabra Health Care REIT worth $7,857,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its stake in Sabra Health Care REIT by 1.7% in the third quarter. Geode Capital Management LLC now owns 6,294,798 shares of the real estate investment trust's stock valued at $117,165,000 after buying an additional 104,533 shares during the period. JPMorgan Chase & Co. raised its position in shares of Sabra Health Care REIT by 222.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust's stock valued at $183,996,000 after acquiring an additional 6,819,919 shares during the period. Vestcor Inc boosted its stake in Sabra Health Care REIT by 62.5% during the 3rd quarter. Vestcor Inc now owns 207,918 shares of the real estate investment trust's stock worth $3,869,000 after acquiring an additional 79,956 shares during the last quarter. Barclays PLC grew its holdings in Sabra Health Care REIT by 56.1% during the third quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust's stock valued at $12,624,000 after purchasing an additional 243,895 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Sabra Health Care REIT by 13.0% in the fourth quarter. Bank of New York Mellon Corp now owns 4,039,651 shares of the real estate investment trust's stock valued at $69,967,000 after purchasing an additional 463,601 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
SBRA has been the topic of a number of recent analyst reports. Citizens Jmp raised shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. JMP Securities upgraded Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price target for the company in a report on Tuesday, January 7th. Finally, Truist Financial lifted their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $19.33.
Check Out Our Latest Analysis on Sabra Health Care REIT
Sabra Health Care REIT Stock Up 1.2 %
Shares of SBRA traded up $0.21 during mid-day trading on Tuesday, hitting $17.87. 170,943 shares of the company's stock were exchanged, compared to its average volume of 2,122,255. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. 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 market cap of $4.25 billion, a PE ratio of 33.70, a P/E/G ratio of 1.97 and a beta of 0.93. The company has a 50-day simple moving average of $16.90 and a 200 day simple moving average of $17.54.
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 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The firm had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. On average, research analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.
Sabra Health Care REIT Dividend Announcement
The business also recently disclosed 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.72%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio is currently 226.42%.
About Sabra Health Care REIT
(
Free Report)
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.
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