Landscape Capital Management L.L.C. Raises Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Landscape Capital Management L.L.C. raised its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 501.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 78,248 shares of the real estate investment trust's stock after purchasing an additional 65,228 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Sabra Health Care REIT were worth $1,355,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of SBRA. VSM Wealth Advisory LLC purchased a new stake in shares of Sabra Health Care REIT during the 4th quarter valued at about $26,000. Quarry LP purchased a new stake in shares of Sabra Health Care REIT during the third quarter valued at $30,000. Assetmark Inc. boosted its holdings in shares of Sabra Health Care REIT by 33.4% in the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 656 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Sabra Health Care REIT in the third quarter valued at $59,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Sabra Health Care REIT by 208.3% in the 4th quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock valued at $108,000 after purchasing an additional 4,204 shares during the period. Institutional investors own 99.40% of the company's stock.

Sabra Health Care REIT Stock Performance

Shares of Sabra Health Care REIT stock traded up $0.07 during trading on Thursday, reaching $17.00. The company's stock had a trading volume of 840,913 shares, compared to its average volume of 2,323,371. The firm has a market cap of $4.05 billion, a PE ratio of 32.09, a P/E/G ratio of 1.97 and a beta of 0.93. The company has a 50-day moving average price of $16.86 and a two-hundred day moving average price 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. Sabra Health Care REIT, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $20.03.

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Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its quarterly earnings results 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. 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. On average, analysts forecast 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 announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.06%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT's payout ratio is 226.42%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Truist Financial lifted their target price on shares of 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. 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. Finally, JMP Securities upgraded 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. Three research 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 stock. Based on data from MarketBeat.com, Sabra Health Care REIT currently has an average rating of "Moderate Buy" and a consensus target price of $19.33.

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.