KLP Kapitalforvaltning AS Acquires Shares of 46,100 Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

KLP Kapitalforvaltning AS purchased a new stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 46,100 shares of the real estate investment trust's stock, valued at approximately $798,000.

A number of other institutional investors have also recently added to or reduced their stakes in SBRA. American Century Companies Inc. raised its stake in Sabra Health Care REIT by 14.9% during the fourth quarter. American Century Companies Inc. now owns 52,603 shares of the real estate investment trust's stock worth $911,000 after purchasing an additional 6,802 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Sabra Health Care REIT by 40.1% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 128,608 shares of the real estate investment trust's stock valued at $2,227,000 after buying an additional 36,792 shares during the period. Teacher Retirement System of Texas lifted its holdings in Sabra Health Care REIT by 16.2% in the fourth quarter. Teacher Retirement System of Texas now owns 118,439 shares of the real estate investment trust's stock valued at $2,051,000 after acquiring an additional 16,475 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in Sabra Health Care REIT in the fourth quarter worth approximately $26,000. Finally, Xponance Inc. lifted its stake in shares of Sabra Health Care REIT by 8.3% in the 4th quarter. Xponance Inc. now owns 34,167 shares of the real estate investment trust's stock valued at $592,000 after purchasing an additional 2,630 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company's stock.

Sabra Health Care REIT Stock Down 2.1 %

Shares of NASDAQ SBRA traded down $0.37 during midday trading on Friday, hitting $17.28. The company's stock had a trading volume of 3,339,992 shares, compared to its average volume of 2,097,931. Sabra Health Care REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $20.03. The business's fifty day simple moving average is $16.89 and its two-hundred day simple moving average is $17.64. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 1.97 and a beta of 0.93. 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 (NASDAQ:SBRA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. On average, equities analysts predict that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio is currently 226.42%.

Analyst Upgrades and Downgrades

SBRA has been the subject of a number of recent analyst reports. JMP Securities raised 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 research report on Tuesday, January 7th. Citizens Jmp raised shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Truist Financial increased their price objective on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a research report on Tuesday, March 18th. Three equities 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 company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $19.33.

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.