Principal Financial Group Inc. Boosts Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Principal Financial Group Inc. grew its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,109,683 shares of the real estate investment trust's stock after acquiring an additional 536,247 shares during the period. Principal Financial Group Inc. owned about 9.35% of Sabra Health Care REIT worth $382,940,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Rockefeller Capital Management L.P. boosted its holdings in shares of 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 worth $286,000 after buying an additional 655 shares during the period. Janney Montgomery Scott LLC boosted its holdings 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 valued at $3,068,000 after purchasing an additional 763 shares during the period. Louisiana State Employees Retirement System boosted its holdings in Sabra Health Care REIT by 1.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 65,700 shares of the real estate investment trust's stock valued at $1,138,000 after purchasing an additional 800 shares during the period. Inspire Investing LLC boosted its holdings 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 valued at $401,000 after purchasing an additional 992 shares during the period. Finally, Custom Index Systems LLC boosted its holdings 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 valued at $454,000 after purchasing an additional 1,005 shares during the period. Institutional investors own 99.40% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. 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 research report on Tuesday, January 7th. Truist Financial cut shares of Sabra Health Care REIT from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $18.00 to $17.00 in a research report on Friday, January 17th. Mizuho restated a "neutral" rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Finally, Citizens Jmp upgraded shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $18.86.

Sabra Health Care REIT Trading Down 1.0 %

Shares of NASDAQ:SBRA traded down $0.16 during trading on Thursday, reaching $16.39. The stock had a trading volume of 2,894,301 shares, compared to its average volume of 2,054,843. The firm's fifty day moving average is $16.88 and its 200 day moving average is $17.62. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.16 and a current ratio of 4.16. Sabra Health Care REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $20.03. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of 39.98, a P/E/G ratio of 1.98 and a beta of 1.25.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last issued its 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. 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 14.20% and a return on equity of 3.51%. As a group, equities analysts forecast that Sabra Health Care REIT, Inc. will post 1.39 EPS for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The firm 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. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 7.32%. Sabra Health Care REIT's payout ratio is 292.68%.

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.