Te Ahumairangi Investment Management Ltd Sells 21,314 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Te Ahumairangi Investment Management Ltd lessened its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 111,306 shares of the real estate investment trust's stock after selling 21,314 shares during the quarter. Te Ahumairangi Investment Management Ltd's holdings in Sabra Health Care REIT were worth $1,928,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. 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 worth $286,000 after purchasing an additional 655 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Sabra Health Care REIT by 33.4% in the fourth quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock worth $45,000 after buying an additional 656 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in shares of 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 buying an additional 763 shares in the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Sabra Health Care REIT by 1.2% during the fourth 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 buying an additional 800 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Sabra Health Care REIT by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 48,185 shares of the real estate investment trust's stock valued at $835,000 after acquiring an additional 800 shares in the last quarter. Institutional investors own 99.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on SBRA shares. Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. 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 report on Tuesday, January 7th. Finally, Truist Financial upped 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 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. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $19.33.

Sabra Health Care REIT Stock Performance

Shares of NASDAQ SBRA traded down $0.37 during midday trading on Friday, hitting $17.28. 3,339,992 shares of the company's stock traded hands, compared to its average volume of 2,097,931. 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 stock has a market capitalization of $4.11 billion, a price-to-earnings ratio of 32.60, a price-to-earnings-growth ratio of 1.97 and a beta of 0.93. The firm has a fifty day moving average of $16.89 and a 200 day moving average of $17.64. Sabra Health Care REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $20.03.

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 earnings per share for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. On average, 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 business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 dividend yield of 6.94%. Sabra Health Care REIT's payout ratio is currently 226.42%.

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.