Renaissance Technologies LLC Has $24.22 Million Stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Renaissance Technologies LLC decreased its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 8.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,398,220 shares of the real estate investment trust's stock after selling 128,479 shares during the quarter. Renaissance Technologies LLC owned 0.59% of Sabra Health Care REIT worth $24,217,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SBRA. VSM Wealth Advisory LLC acquired a new stake in shares of Sabra Health Care REIT in the fourth quarter valued at about $26,000. Assetmark Inc. lifted its stake in Sabra Health Care REIT by 33.4% during the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 656 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sabra Health Care REIT in the third quarter valued at $59,000. Jones Financial Companies Lllp raised its holdings in Sabra Health Care REIT by 208.3% in the fourth quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock valued at $108,000 after acquiring an additional 4,204 shares in the last quarter. Finally, FIL Ltd lifted its holdings in Sabra Health Care REIT by 40.4% during the 4th quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust's stock worth $113,000 after buying an additional 1,873 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on SBRA shares. 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 note on Tuesday, January 7th. 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. Finally, Truist Financial boosted their price objective on shares of 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 equities research 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 stock. Based on data from MarketBeat.com, Sabra Health Care REIT has an average rating of "Moderate Buy" and a consensus target price of $19.33.

Sabra Health Care REIT Stock Down 0.2 %

Sabra Health Care REIT stock traded down $0.03 during trading hours on Friday, hitting $18.14. The company had a trading volume of 2,252,110 shares, compared to its average volume of 2,139,060. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. The firm has a market capitalization of $4.32 billion, a P/E 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 fifty-two week low of $13.31 and a fifty-two week high of $20.03. The firm's fifty day moving average is $16.98 and its 200-day moving average is $17.54.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, meeting 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 company had revenue of $182.35 million for the quarter, compared to analyst estimates 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. Investors of record on Friday, February 14th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 6.62%. Sabra Health Care REIT's dividend 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.