ExodusPoint Capital Management LP Boosts Stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

ExodusPoint Capital Management LP grew its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 66.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 917,166 shares of the real estate investment trust's stock after purchasing an additional 367,777 shares during the period. ExodusPoint Capital Management LP owned approximately 0.39% of Sabra Health Care REIT worth $15,885,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cinctive Capital Management LP acquired a new stake in shares of Sabra Health Care REIT during the fourth quarter valued at about $3,023,000. Headlands Technologies LLC acquired a new stake in Sabra Health Care REIT in the 4th quarter valued at approximately $201,000. Geode Capital Management LLC raised its position in Sabra Health Care REIT by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 6,381,525 shares of the real estate investment trust's stock valued at $110,550,000 after purchasing an additional 86,727 shares during the period. Alliancebernstein L.P. lifted its stake in Sabra Health Care REIT by 25.4% during the fourth quarter. Alliancebernstein L.P. now owns 1,361,074 shares of the real estate investment trust's stock worth $23,574,000 after purchasing an additional 275,468 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Sabra Health Care REIT by 33.7% during the fourth 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 during the period. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

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Sabra Health Care REIT Stock Up 3.4 %

NASDAQ:SBRA traded up $0.56 during mid-day trading on Wednesday, hitting $16.93. The stock had a trading volume of 4,276,309 shares, compared to its average volume of 2,123,377. Sabra Health Care REIT, Inc. has a twelve month low of $13.31 and a twelve month high of $20.03. The stock has a 50-day simple moving average of $16.86 and a two-hundred day simple moving average of $17.57. 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 company has a market capitalization of $4.03 billion, a PE ratio of 31.94, a PEG ratio of 1.97 and a beta of 0.93.

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 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 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%. On average, equities research analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 7.09%. Sabra Health Care REIT's dividend payout ratio is currently 226.42%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SBRA. Truist Financial increased their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a research note on Tuesday, March 18th. JMP Securities upgraded shares of Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a report on Tuesday, January 7th. Finally, Citizens Jmp upgraded shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $19.33.

About Sabra Health Care REIT

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.