Kestra Investment Management LLC Sells 36,729 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Kestra Investment Management LLC lessened its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 58.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 26,373 shares of the real estate investment trust's stock after selling 36,729 shares during the quarter. Kestra Investment Management LLC's holdings in Sabra Health Care REIT were worth $457,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. boosted its position in shares of Sabra Health Care REIT by 4.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust's stock valued at $286,000 after purchasing an additional 655 shares during the period. Janney Montgomery Scott LLC grew its holdings in Sabra Health Care REIT by 0.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust's stock valued at $3,068,000 after buying an additional 763 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Sabra Health Care REIT by 1.2% during the fourth quarter. Louisiana State Employees Retirement System now owns 65,700 shares of the real estate investment trust's stock worth $1,138,000 after purchasing an additional 800 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Sabra Health Care REIT by 4.5% during the fourth quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust's stock worth $401,000 after purchasing an additional 992 shares during the last quarter. Finally, Custom Index Systems LLC raised its position in shares of Sabra Health Care REIT by 4.0% in the 4th quarter. Custom Index Systems LLC now owns 26,225 shares of the real estate investment trust's stock worth $454,000 after buying an additional 1,005 shares during the period. 99.40% of the stock is owned by institutional investors and hedge funds.

Sabra Health Care REIT Trading Down 3.4 %

NASDAQ SBRA traded down $0.57 during trading hours on Friday, hitting $15.83. The company's stock had a trading volume of 1,566,939 shares, compared to its average volume of 2,038,008. The stock has a fifty day moving average of $16.88 and a 200 day moving average of $17.62. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $3.74 billion, a P/E ratio of 29.82, a PEG ratio of 1.99 and a beta of 1.25. Sabra Health Care REIT, Inc. has a twelve month low of $13.31 and a twelve month high of $20.03.

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 EPS for the quarter, hitting analysts' consensus estimates of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.59%. The business had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. Equities 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 company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.30 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 7.58%. Sabra Health Care REIT's dividend payout ratio (DPR) is currently 226.42%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Truist Financial downgraded Sabra Health Care REIT from a "buy" rating to a "hold" rating and decreased their price target for the stock from $18.00 to $17.00 in a research note on Friday, January 17th. Mizuho reiterated a "neutral" rating and set a $20.00 price objective on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Citizens Jmp upgraded 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 shares of Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Sabra Health Care REIT presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.86.

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.