18,338 Shares in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Bought by Groesbeck Investment Management Corp NJ

Groesbeck Investment Management Corp NJ acquired a new position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 18,338 shares of the real estate investment trust's stock, valued at approximately $318,000.

A number of other large investors have also recently made changes to their positions in SBRA. Retirement Systems of Alabama grew its stake in Sabra Health Care REIT by 1.1% in the 4th quarter. Retirement Systems of Alabama now owns 287,670 shares of the real estate investment trust's stock worth $4,982,000 after acquiring an additional 3,097 shares in the last quarter. Longboard Asset Management LP purchased a new stake in shares of Sabra Health Care REIT during the fourth quarter valued at about $222,000. Columbus Macro LLC purchased a new stake in Sabra Health Care REIT during the fourth quarter valued at approximately $5,729,000. abrdn plc boosted its stake in Sabra Health Care REIT by 2.9% in the fourth quarter. abrdn plc now owns 900,690 shares of the real estate investment trust's stock valued at $15,600,000 after acquiring an additional 25,195 shares in the last quarter. Finally, Custom Index Systems LLC grew its holdings in Sabra Health Care REIT by 4.0% in the fourth quarter. Custom Index Systems LLC now owns 26,225 shares of the real estate investment trust's stock worth $454,000 after purchasing an additional 1,005 shares during the last quarter. 99.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on SBRA shares. Mizuho reiterated a "neutral" rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Truist Financial cut shares of Sabra Health Care REIT from a "buy" rating to a "hold" rating and lowered their target price for the stock from $18.00 to $17.00 in a research note on Friday, January 17th. Scotiabank raised their price target on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "sector perform" rating in a report on Friday, October 11th. Citizens Jmp raised shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, JMP Securities upgraded 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 note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.86.

Sabra Health Care REIT Price Performance

SBRA traded down $0.10 on Friday, hitting $16.69. 4,093,844 shares of the company's stock were exchanged, compared to its average volume of 1,582,162. Sabra Health Care REIT, Inc. has a fifty-two week low of $12.98 and a fifty-two week high of $20.03. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 40.71, a P/E/G ratio of 2.02 and a beta of 1.25. The firm has a 50-day moving average price of $17.17 and a 200-day moving average price of $17.62. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90.

Sabra Health Care REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 7.19%. Sabra Health Care REIT's payout ratio is 292.69%.

Sabra Health Care REIT Company 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.