JPMorgan Chase & Co. Buys 426,074 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

JPMorgan Chase & Co. raised its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,312,991 shares of the real estate investment trust's stock after buying an additional 426,074 shares during the period. JPMorgan Chase & Co. owned 4.36% of Sabra Health Care REIT worth $178,621,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SBRA. VSM Wealth Advisory LLC acquired a new stake in shares of Sabra Health Care REIT during the 4th quarter valued at $26,000. Quarry LP acquired a new stake in shares of Sabra Health Care REIT during the third quarter valued at about $30,000. Assetmark Inc. grew its holdings in shares of Sabra Health Care REIT by 33.4% during the fourth 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 position in Sabra Health Care REIT in the 3rd quarter valued at approximately $59,000. Finally, Jones Financial Companies Lllp boosted its position in Sabra Health Care REIT by 208.3% during the 4th 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 during the period. Institutional investors own 99.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Citizens Jmp raised shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Mizuho reaffirmed 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. 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 note on Tuesday, March 18th. Finally, JMP Securities raised 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 research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $19.33.

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Sabra Health Care REIT Stock Up 1.7 %

Shares of Sabra Health Care REIT stock traded up $0.29 during trading hours on Thursday, reaching $17.65. The company's stock had a trading volume of 4,055,815 shares, compared to its average volume of 2,249,266. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. The stock's fifty day simple moving average is $16.87 and its two-hundred day simple moving average is $17.66. The company has a market capitalization of $4.20 billion, a P/E ratio of 33.30, a P/E/G ratio of 1.97 and a beta of 0.93. Sabra Health Care REIT, Inc. has a one year low of $13.31 and a one year high of $20.03.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The firm had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. On average, research analysts forecast 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 declared 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 dividend on an annualized basis and a dividend yield of 6.80%. Sabra Health Care REIT's dividend payout ratio is presently 226.42%.

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.