abrdn plc Boosts Stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

abrdn plc lifted its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 900,690 shares of the real estate investment trust's stock after buying an additional 25,195 shares during the period. abrdn plc owned about 0.38% of Sabra Health Care REIT worth $15,600,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the business. Rockefeller Capital Management L.P. grew its holdings in Sabra Health Care REIT by 4.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust's stock valued at $286,000 after purchasing an additional 655 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in Sabra Health Care REIT by 0.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust's stock worth $3,068,000 after acquiring an additional 763 shares in the last quarter. GAMMA Investing LLC grew its stake in Sabra Health Care REIT by 25.3% in the 3rd quarter. GAMMA Investing LLC now owns 4,614 shares of the real estate investment trust's stock worth $86,000 after acquiring an additional 932 shares in the last quarter. Inspire Investing LLC grew its stake in Sabra Health Care REIT by 4.5% in the 4th quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust's stock worth $401,000 after acquiring an additional 992 shares in the last quarter. Finally, Custom Index Systems LLC grew its stake in Sabra Health Care REIT by 4.0% in the 4th quarter. Custom Index Systems LLC now owns 26,225 shares of the real estate investment trust's stock worth $454,000 after acquiring an additional 1,005 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors.

Sabra Health Care REIT Stock Performance

SBRA stock traded down $0.05 during midday trading on Monday, hitting $16.65. 1,662,162 shares of the stock traded hands, compared to its average volume of 1,774,157. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.16 and a quick ratio of 4.16. The firm has a market cap of $3.94 billion, a P/E ratio of 40.59, a PEG ratio of 2.02 and a beta of 1.25. Sabra Health Care REIT, Inc. has a 1-year low of $13.26 and a 1-year high of $20.03. The stock's fifty day simple moving average is $17.17 and its 200-day simple moving average is $17.63.

Sabra Health Care REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.21%. The ex-dividend date is Friday, February 14th. Sabra Health Care REIT's payout ratio is 292.69%.

Wall Street Analysts Forecast Growth

SBRA has been the topic of a number of research analyst 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 on the stock in a research note on Tuesday, January 7th. Citizens Jmp raised shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Mizuho reissued a "neutral" rating and set a $20.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Finally, Truist Financial lowered shares of Sabra Health Care REIT from a "buy" rating to a "hold" rating and cut their price target for the company from $18.00 to $17.00 in a research note on Friday, January 17th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Sabra Health Care REIT currently has a consensus rating of "Moderate Buy" and an average price target of $18.86.

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.