Greenland Capital Management LP Sells 375,000 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Greenland Capital Management LP reduced its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 90.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 40,000 shares of the real estate investment trust's stock after selling 375,000 shares during the period. Greenland Capital Management LP's holdings in Sabra Health Care REIT were worth $693,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of SBRA. VSM Wealth Advisory LLC bought a new stake in Sabra Health Care REIT during the fourth quarter worth $26,000. Quarry LP bought a new stake in shares of Sabra Health Care REIT during the 3rd quarter worth $30,000. Assetmark Inc. raised its stake in shares of Sabra Health Care REIT by 33.4% during the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 656 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Sabra Health Care REIT in the 3rd quarter worth about $59,000. Finally, Jones Financial Companies Lllp increased its stake in shares of 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 during the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.

Sabra Health Care REIT Trading Up 1.2 %

Shares of SBRA traded up $0.20 during mid-day trading on Monday, hitting $17.55. 493,908 shares of the company's stock traded hands, compared to its average volume of 2,123,020. 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 firm has a market capitalization of $4.18 billion, a P/E ratio of 33.11, a PEG ratio of 1.97 and a beta of 0.93. The business's 50-day moving average price is $16.88 and its 200-day moving average price is $17.54. Sabra Health Care REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $20.03.

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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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The business had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. As a group, sell-side analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 6.84%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio is 226.42%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. JMP Securities upgraded shares of Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 target price for the company in a research report on Tuesday, January 7th. Citizens Jmp raised Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, Truist Financial raised their price target on 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. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sabra Health Care REIT presently 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.