2,826,193 Shares in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Acquired by Norges Bank

Norges Bank bought a new stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,826,193 shares of the real estate investment trust's stock, valued at approximately $48,950,000. Norges Bank owned 1.19% of Sabra Health Care REIT as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. VSM Wealth Advisory LLC bought a new stake in shares of Sabra Health Care REIT in the 4th quarter valued at about $26,000. Quarry LP bought a new stake in Sabra Health Care REIT in the 3rd quarter valued at $30,000. Assetmark Inc. lifted its holdings in Sabra Health Care REIT by 33.4% during the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 656 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Sabra Health Care REIT in the third quarter valued at approximately $59,000. Finally, Jones Financial Companies Lllp grew its stake in Sabra Health Care REIT by 208.3% during the fourth quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock worth $108,000 after buying 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 Price Performance

NASDAQ:SBRA traded up $0.56 during trading hours on Wednesday, hitting $16.93. 4,276,309 shares of the stock traded hands, compared to its average volume of 2,123,377. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 31.94, a price-to-earnings-growth 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. The stock has a 50 day moving average price of $16.86 and a 200 day moving average price of $17.57. Sabra Health Care REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $20.03.

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Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last posted 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. The business had revenue of $182.35 million for the quarter, compared to analysts' expectations of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. Sell-side analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio (DPR) is presently 226.42%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on SBRA. Citizens Jmp upgraded shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. JMP Securities raised shares of Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price objective on the stock in a report on Tuesday, January 7th. Finally, 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 research report on Tuesday, March 18th. 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $19.33.

Sabra Health Care REIT Company 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.