Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Stock Position Lowered by LSV Asset Management

LSV Asset Management decreased its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 1.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,281,515 shares of the real estate investment trust's stock after selling 69,600 shares during the period. LSV Asset Management owned about 1.81% of Sabra Health Care REIT worth $74,156,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of Sabra Health Care REIT by 222.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust's stock worth $183,996,000 after purchasing an additional 6,819,919 shares during the period. Norges Bank purchased a new position in Sabra Health Care REIT during the fourth quarter worth about $48,950,000. Wellington Management Group LLP grew its holdings in Sabra Health Care REIT by 736.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,396,835 shares of the real estate investment trust's stock valued at $44,605,000 after buying an additional 2,110,307 shares during the period. Thrivent Financial for Lutherans increased its stake in shares of Sabra Health Care REIT by 95.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,816,217 shares of the real estate investment trust's stock valued at $31,457,000 after acquiring an additional 888,908 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Sabra Health Care REIT by 979.8% during the 4th quarter. Bank of Montreal Can now owns 717,824 shares of the real estate investment trust's stock worth $12,433,000 after acquiring an additional 651,346 shares during the period. Hedge funds and other institutional investors own 99.40% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SBRA shares. 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 research note on Tuesday, January 7th. Truist Financial increased their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. Finally, Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Three 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's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $19.33.

Sabra Health Care REIT Stock Performance

Shares of NASDAQ:SBRA traded up $0.31 during trading on Tuesday, reaching $17.97. 2,918,137 shares of the company's stock traded hands, compared to its average volume of 2,133,020. The stock has a market capitalization of $4.28 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 1.97 and a beta of 0.93. Sabra Health Care REIT, Inc. has a 12 month low of $13.31 and a 12 month high of $20.03. The company has a 50 day moving average of $16.90 and a 200-day moving average of $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 announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. On average, equities 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 disclosed 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 yield of 6.68%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio (DPR) 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.