Invesco Ltd. Buys 229,708 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Invesco Ltd. grew its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,556,218 shares of the real estate investment trust's stock after acquiring an additional 229,708 shares during the quarter. Invesco Ltd. owned about 1.08% of Sabra Health Care REIT worth $44,274,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. VSM Wealth Advisory LLC bought a new position in shares of Sabra Health Care REIT in the fourth quarter worth approximately $26,000. Assetmark Inc. lifted its holdings in shares of Sabra Health Care REIT by 33.4% during the fourth quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 656 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Sabra Health Care REIT in the third quarter worth approximately $59,000. Jones Financial Companies Lllp raised its holdings in shares of Sabra Health Care REIT by 208.3% during the fourth quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock valued at $108,000 after purchasing an additional 4,204 shares during the last quarter. Finally, Autumn Glory Partners LLC purchased a new stake in Sabra Health Care REIT in the fourth quarter worth approximately $173,000. Hedge funds and other institutional investors own 99.40% of the company's stock.

Sabra Health Care REIT Trading Down 0.2 %

NASDAQ SBRA traded down $0.04 during trading hours on Monday, hitting $18.11. 136,035 shares of the company were exchanged, compared to its average volume of 2,128,599. The stock has a market cap of $4.31 billion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 1.97 and a beta of 0.93. Sabra Health Care REIT, Inc. has a 52 week low of $13.49 and a 52 week high of $20.03. The stock has a 50-day moving average price of $17.02 and a 200 day moving average price of $17.53. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The company had revenue of $182.35 million during the quarter, compared to analyst estimates of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. 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 firm also recently announced 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 of this dividend was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.63%. Sabra Health Care REIT's dividend payout ratio is 226.42%.

Analyst Upgrades and Downgrades

A number of analysts have commented on SBRA shares. Truist Financial upped their target price on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. Citizens Jmp raised Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Finally, JMP Securities raised Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price objective on the stock in a research report on Tuesday, January 7th. Three 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. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $19.33.

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.