Schroder Investment Management Group Sells 55,049 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Schroder Investment Management Group lessened its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 35.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,644 shares of the real estate investment trust's stock after selling 55,049 shares during the quarter. Schroder Investment Management Group's holdings in Sabra Health Care REIT were worth $1,698,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. VSM Wealth Advisory LLC bought a new stake in shares of Sabra Health Care REIT in the 4th quarter worth about $26,000. Quarry LP purchased a new position in Sabra Health Care REIT in the third quarter worth about $30,000. Assetmark Inc. increased its stake in 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 acquiring an additional 656 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in Sabra Health Care REIT during the third quarter valued at approximately $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 last quarter. Institutional investors own 99.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on SBRA. JMP Securities raised 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 report 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 increased 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 note on Tuesday, March 18th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $19.33.

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Sabra Health Care REIT Trading Up 0.5 %

Shares of SBRA stock traded up $0.08 on Friday, reaching $17.35. 1,696,114 shares of the company's stock were exchanged, compared to its average volume of 2,125,402. The company's fifty day simple moving average is $16.88 and its 200 day simple moving average is $17.55. Sabra Health Care REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $20.03. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $4.13 billion, a PE ratio of 32.74, a P/E/G ratio of 1.97 and a beta of 0.93.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. As a group, analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 6.92%. Sabra Health Care REIT's dividend payout ratio is currently 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.