Prudential Financial Inc. decreased its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 78.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,142 shares of the real estate investment trust's stock after selling 87,198 shares during the period. Prudential Financial Inc.'s holdings in Sabra Health Care REIT were worth $418,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the stock. Principal Financial Group Inc. raised its position in Sabra Health Care REIT by 0.8% in the third quarter. Principal Financial Group Inc. now owns 21,573,436 shares of the real estate investment trust's stock worth $401,479,000 after acquiring an additional 167,069 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of Sabra Health Care REIT by 4.5% in the third quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust's stock worth $286,000 after acquiring an additional 655 shares in the last quarter. HighTower Advisors LLC raised its holdings in shares of Sabra Health Care REIT by 33.3% during the third quarter. HighTower Advisors LLC now owns 29,619 shares of the real estate investment trust's stock valued at $547,000 after acquiring an additional 7,403 shares during the period. Quarry LP purchased a new stake in shares of Sabra Health Care REIT in the 3rd quarter valued at approximately $30,000. Finally, Wellington Management Group LLP boosted its stake 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 worth $44,605,000 after purchasing an additional 2,110,307 shares during the period. Institutional investors and hedge funds own 99.40% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on the company. Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. 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 research report on Tuesday, January 7th. Finally, Truist Financial lifted 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. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $19.33.
Get Our Latest Report on Sabra Health Care REIT
Sabra Health Care REIT Stock Performance
Sabra Health Care REIT stock traded up $0.18 on Tuesday, reaching $17.84. 121,246 shares of the stock were exchanged, compared to its average volume of 2,122,091. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. Sabra Health Care REIT, Inc. has a twelve month low of $13.31 and a twelve month high of $20.03. The firm has a fifty day moving average price of $16.90 and a two-hundred day moving average price of $17.54. The stock has a market cap of $4.25 billion, a PE ratio of 33.65, a PEG ratio of 1.97 and a beta of 0.93.
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, hitting the consensus estimate of $0.36. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The business had revenue of $182.35 million during the quarter, compared to analysts' expectations of $178.01 million. Sell-side analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.
Sabra Health Care REIT Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.72%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT's payout ratio is currently 226.42%.
About Sabra Health Care REIT
(
Free Report)
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.
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