Russell Investments Group Ltd. Purchases 25,346 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Russell Investments Group Ltd. grew its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 7.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 352,249 shares of the real estate investment trust's stock after purchasing an additional 25,346 shares during the period. Russell Investments Group Ltd. owned approximately 0.15% of Sabra Health Care REIT worth $6,101,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. VSM Wealth Advisory LLC acquired a new stake in Sabra Health Care REIT during the 4th quarter worth about $26,000. Assetmark Inc. boosted 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 period. Wilmington Savings Fund Society FSB purchased a new position in Sabra Health Care REIT during the third quarter valued at approximately $59,000. Jones Financial Companies Lllp increased its stake in 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 buying an additional 4,204 shares during the period. Finally, Autumn Glory Partners LLC acquired a new position in Sabra Health Care REIT in the 4th quarter valued at approximately $173,000. Hedge funds and other institutional investors own 99.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in 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. JMP Securities upgraded 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. Finally, Truist Financial raised their price target 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. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sabra Health Care REIT has a consensus rating of "Moderate Buy" and an average price target of $19.33.

Sabra Health Care REIT Stock Performance

Shares of NASDAQ:SBRA traded down $0.03 during trading on Friday, hitting $18.14. 2,252,110 shares of the stock were exchanged, compared to its average volume of 2,139,060. The company's fifty day simple moving average is $16.98 and its 200-day simple moving average is $17.54. 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 company has a market capitalization of $4.32 billion, a price-to-earnings ratio of 34.23, a price-to-earnings-growth ratio of 1.97 and a beta of 0.93. Sabra Health Care REIT, Inc. has a 1-year low of $13.31 and a 1-year high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 during the quarter, compared to analyst estimates of $178.01 million. Sell-side analysts expect that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.30 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 6.62%. Sabra Health Care REIT's payout ratio is 226.42%.

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.