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

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

Several other large investors also recently modified their holdings of SBRA. VSM Wealth Advisory LLC acquired a new stake in Sabra Health Care REIT in the fourth quarter valued at about $26,000. Quarry LP acquired a new stake in Sabra Health Care REIT in the third quarter valued at approximately $30,000. Assetmark Inc. increased 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 worth $45,000 after buying an additional 656 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Sabra Health Care REIT in the 3rd quarter valued at $59,000. Finally, Jones Financial Companies Lllp boosted its holdings 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 valued at $108,000 after acquiring an additional 4,204 shares in the last quarter. 99.40% of the stock is owned by institutional investors and hedge funds.

Sabra Health Care REIT Trading Up 1.7 %

SBRA stock traded up $0.29 during midday trading on Thursday, hitting $17.65. The stock had a trading volume of 4,055,815 shares, compared to its average volume of 2,095,479. Sabra Health Care REIT, Inc. has a 1-year low of $13.31 and a 1-year high of $20.03. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. The business has a fifty day moving average price of $16.87 and a two-hundred day moving average price of $17.66. The firm has a market cap of $4.20 billion, a P/E ratio of 33.30, a price-to-earnings-growth ratio of 1.97 and a beta of 0.93.

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Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The firm had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. On average, sell-side analysts predict that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.80%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio is currently 226.42%.

Wall Street Analysts Forecast Growth

SBRA has been the subject of several research reports. Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. 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. Truist Financial upped their price target on shares of 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. Finally, Mizuho reaffirmed a "neutral" rating and set a $20.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sabra Health Care REIT has an average rating of "Moderate Buy" and an average price target 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.