Vanguard Group Inc. Buys 68,346 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Vanguard Group Inc. lifted its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,991,156 shares of the real estate investment trust's stock after purchasing an additional 68,346 shares during the period. Vanguard Group Inc. owned 14.79% of Sabra Health Care REIT worth $606,047,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SBRA. VSM Wealth Advisory LLC bought a new position in shares of Sabra Health Care REIT during the 4th quarter worth $26,000. Quarry LP bought a new position in Sabra Health Care REIT during the third quarter worth about $30,000. Assetmark Inc. increased 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 purchasing an additional 656 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Sabra Health Care REIT in the third quarter worth about $59,000. Finally, Jones Financial Companies Lllp raised its position in shares of 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 purchasing an additional 4,204 shares during the period. Institutional investors and hedge funds own 99.40% of the company's stock.

Sabra Health Care REIT Price Performance

Shares of SBRA traded up $0.29 during trading hours on Thursday, reaching $17.65. 4,055,815 shares of the company's stock traded hands, compared to its average volume of 2,095,479. Sabra Health Care REIT, Inc. has a 12 month low of $13.31 and a 12 month 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 cap of $4.20 billion, a PE ratio of 33.30, a price-to-earnings-growth ratio of 1.97 and a beta of 0.93. The firm's 50 day simple moving average is $16.87 and its 200-day simple moving average is $17.66.

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Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The business had revenue of $182.35 million during the quarter, compared to analyst estimates of $178.01 million. Equities analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.30 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 6.80%. Sabra Health Care REIT's dividend payout ratio is currently 226.42%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. JMP Securities raised shares of 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 report on Tuesday, January 7th. Truist Financial raised their target price on 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. Mizuho reissued a "neutral" rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Finally, 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. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.