New Age Alpha Advisors LLC Acquires Shares of 38,892 Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

New Age Alpha Advisors LLC bought a new position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 38,892 shares of the real estate investment trust's stock, valued at approximately $674,000.

Other hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its holdings in shares of Sabra Health Care REIT by 222.4% in 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 acquiring an additional 6,819,919 shares during the period. Norges Bank acquired a new stake in Sabra Health Care REIT in the fourth quarter valued at $48,950,000. Wellington Management Group LLP increased its position in shares of Sabra Health Care REIT by 736.5% in the third 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Sabra Health Care REIT by 324.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,404,576 shares of the real estate investment trust's stock valued at $26,139,000 after buying an additional 1,073,530 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised 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 worth $31,457,000 after buying an additional 888,908 shares during the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.

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Sabra Health Care REIT Trading Up 1.7 %

Shares of SBRA stock traded up $0.29 during trading hours on Thursday, hitting $17.65. 4,055,816 shares of the company were exchanged, 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 firm has a fifty day moving average of $16.87 and a 200 day moving average of $17.66. The firm has a market cap of $4.20 billion, a PE ratio of 33.30, a PEG ratio of 1.97 and a beta of 0.93. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88.

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 for the quarter, meeting analysts' consensus estimates of $0.36. The company had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. Analysts expect that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Dividend Announcement

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

Analyst Ratings Changes

SBRA has been the subject of several recent research reports. 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 for the company in a report on Tuesday, January 7th. Truist Financial lifted their price objective on 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. Mizuho reiterated a "neutral" rating and set a $20.00 target price on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Finally, Citizens Jmp raised Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $19.33.

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.