Sei Investments Co. Has $1.51 Million Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Sei Investments Co. lessened its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 25.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 86,885 shares of the real estate investment trust's stock after selling 30,133 shares during the period. Sei Investments Co.'s holdings in Sabra Health Care REIT were worth $1,505,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. VSM Wealth Advisory LLC bought a new position in shares of Sabra Health Care REIT in the fourth quarter valued at $26,000. Quarry LP acquired a new stake in shares of Sabra Health Care REIT during the third quarter worth $30,000. Assetmark Inc. lifted 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 valued at $45,000 after purchasing an additional 656 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sabra Health Care REIT during the third quarter valued at $59,000. Finally, Jones Financial Companies Lllp boosted its position 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 Up 0.5 %

Shares of NASDAQ SBRA traded up $0.08 during mid-day trading on Friday, reaching $17.35. The company had a trading volume of 1,696,114 shares, compared to its average volume of 2,125,402. 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 $4.13 billion, a price-to-earnings ratio of 32.74, a PEG ratio of 1.97 and a beta of 0.93. The stock has a fifty day moving average of $16.88 and a two-hundred day moving average of $17.55. Sabra Health Care REIT, Inc. has a 12-month low of $13.31 and a 12-month high of $20.03.

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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 (EPS) for the quarter, hitting 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 during the quarter, compared to the consensus estimate of $178.01 million. As a group, equities research analysts expect that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.30 per share. 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 payout ratio is 226.42%.

Analyst Ratings Changes

A number of analysts have commented 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. Truist Financial upped their price target 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. Finally, 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 on the stock in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $19.33.

About Sabra Health Care REIT

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.