Silver Oak Securities Incorporated Purchases New Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Silver Oak Securities Incorporated purchased a new stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 27,089 shares of the real estate investment trust's stock, valued at approximately $462,000.

Several other institutional investors have also bought and sold shares of the stock. Rockefeller Capital Management L.P. boosted its stake in Sabra Health Care REIT by 4.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust's stock valued at $286,000 after buying an additional 655 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Sabra Health Care REIT by 0.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust's stock worth $3,068,000 after purchasing an additional 763 shares in the last quarter. GAMMA Investing LLC boosted its stake in Sabra Health Care REIT by 25.3% in the third quarter. GAMMA Investing LLC now owns 4,614 shares of the real estate investment trust's stock worth $86,000 after purchasing an additional 932 shares in the last quarter. Inspire Investing LLC boosted its stake in Sabra Health Care REIT by 4.5% in the fourth quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust's stock worth $401,000 after purchasing an additional 992 shares in the last quarter. Finally, Custom Index Systems LLC boosted its stake in Sabra Health Care REIT by 4.0% in the fourth quarter. Custom Index Systems LLC now owns 26,225 shares of the real estate investment trust's stock worth $454,000 after purchasing an additional 1,005 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities 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 on the stock in a research note on Tuesday, January 7th. Truist Financial lowered Sabra Health Care REIT from a "buy" rating to a "hold" rating and cut their price target for the company from $18.00 to $17.00 in a research note on Friday, January 17th. Citizens Jmp raised Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Mizuho reaffirmed a "neutral" rating and set a $20.00 price target on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Sabra Health Care REIT currently has a consensus rating of "Moderate Buy" and an average price target of $18.86.

Sabra Health Care REIT Trading Down 0.9 %

Shares of Sabra Health Care REIT stock traded down $0.14 during trading hours on Wednesday, hitting $16.10. The company's stock had a trading volume of 3,127,498 shares, compared to its average volume of 1,915,153. Sabra Health Care REIT, Inc. has a 12 month low of $13.26 and a 12 month high of $20.03. The stock has a 50 day moving average of $17.09 and a 200 day moving average of $17.63. The company has a market capitalization of $3.81 billion, a PE ratio of 39.27, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.16 and a quick ratio of 4.16.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 7.45%. Sabra Health Care REIT's dividend payout ratio (DPR) is currently 292.69%.

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.