MetLife Investment Management LLC Grows Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

MetLife Investment Management LLC grew its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 277,293 shares of the real estate investment trust's stock after purchasing an additional 19,744 shares during the quarter. MetLife Investment Management LLC owned approximately 0.12% of Sabra Health Care REIT worth $4,803,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SBRA. Principal Financial Group Inc. raised its stake in Sabra Health Care REIT by 2.5% during the fourth quarter. Principal Financial Group Inc. now owns 22,109,683 shares of the real estate investment trust's stock worth $382,940,000 after buying an additional 536,247 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sabra Health Care REIT by 4.3% during the 4th quarter. JPMorgan Chase & Co. now owns 10,312,991 shares of the real estate investment trust's stock valued at $178,621,000 after purchasing an additional 426,074 shares in the last quarter. Geode Capital Management LLC grew its stake in Sabra Health Care REIT by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 6,381,525 shares of the real estate investment trust's stock worth $110,550,000 after purchasing an additional 86,727 shares during the period. Bank of New York Mellon Corp increased its holdings in Sabra Health Care REIT by 13.0% in the fourth quarter. Bank of New York Mellon Corp now owns 4,039,651 shares of the real estate investment trust's stock worth $69,967,000 after purchasing an additional 463,601 shares in the last quarter. Finally, Wellington Management Group LLP boosted its holdings in shares of Sabra Health Care REIT by 33.7% during the 4th quarter. Wellington Management Group LLP now owns 3,205,042 shares of the real estate investment trust's stock worth $55,511,000 after buying an additional 808,207 shares in the last quarter. 99.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently 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 target price on the stock in a research report on Tuesday, January 7th. 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. Finally, Citizens Jmp raised Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Three equities 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $19.33.

Sabra Health Care REIT Stock Performance

Shares of SBRA traded up $0.08 on Monday, reaching $17.50. 1,844,006 shares of the company's stock traded hands, compared to its average volume of 2,137,095. The stock has a market cap of $4.16 billion, a PE ratio of 33.02, a PEG ratio of 1.97 and a beta of 0.93. 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 stock's 50 day simple moving average is $17.14 and its two-hundred day simple moving average is $17.52. Sabra Health Care REIT, Inc. has a 52-week low of $13.82 and a 52-week high of $20.03.

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 EPS for the quarter, hitting 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 business had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. On average, analysts forecast 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 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 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio (DPR) is presently 226.42%.

Sabra Health Care REIT 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.