Legal & General Group Plc Has $23.28 Million Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Legal & General Group Plc cut its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 8.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,344,336 shares of the real estate investment trust's stock after selling 120,341 shares during the period. Legal & General Group Plc owned 0.57% of Sabra Health Care REIT worth $23,284,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. VSM Wealth Advisory LLC acquired a new stake in Sabra Health Care REIT in the 4th quarter valued at approximately $26,000. Assetmark Inc. raised its stake 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 position in Sabra Health Care REIT in the 3rd quarter valued at about $59,000. Jones Financial Companies Lllp increased its stake in 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 buying an additional 4,204 shares during the period. Finally, Autumn Glory Partners LLC bought a new stake in shares of Sabra Health Care REIT during the 4th quarter worth about $173,000. 99.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. 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 report on Tuesday, March 18th. Citizens Jmp raised Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note 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 target price on the stock in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $19.33.

Sabra Health Care REIT Stock Performance

Shares of NASDAQ SBRA traded down $0.03 during trading hours on Friday, reaching $18.14. The stock had a trading volume of 2,252,110 shares, compared to its average volume of 2,139,060. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 34.23, a PEG ratio of 1.97 and a beta of 0.93. Sabra Health Care REIT, Inc. has a twelve month low of $13.31 and a twelve month high of $20.03. The business's fifty day moving average is $16.98 and its two-hundred day moving average is $17.54. 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 released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting analysts' consensus estimates of $0.36. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The company had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. As a group, research analysts expect that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.30 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.62%. Sabra Health Care REIT's dividend payout ratio is 226.42%.

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.