Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 34,991,156 shares of the real estate investment trust's stock after buying an additional 68,346 shares during the quarter. Vanguard Group Inc. owned approximately 14.79% of Sabra Health Care REIT worth $606,047,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of SBRA. VSM Wealth Advisory LLC acquired a new stake in Sabra Health Care REIT in the fourth quarter worth $26,000. Quarry LP bought a new position in shares of Sabra Health Care REIT during the third quarter worth about $30,000. Assetmark Inc. increased its holdings in shares of Sabra Health Care REIT by 33.4% in the 4th 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 period. Wilmington Savings Fund Society FSB acquired a new position in Sabra Health Care REIT during the 3rd quarter valued at about $59,000. Finally, Jones Financial Companies Lllp boosted its stake in Sabra Health Care REIT by 208.3% during 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. 99.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Truist Financial lifted their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. 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, JMP Securities upgraded Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price target for the company in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Sabra Health Care REIT presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.33.

Sabra Health Care REIT Price Performance

NASDAQ:SBRA traded down $0.37 during midday trading on Friday, hitting $17.28. 3,339,992 shares of the stock were exchanged, compared to its average volume of 2,097,931. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 32.60, a P/E/G ratio of 1.97 and a beta of 0.93. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. Sabra Health Care REIT, Inc. has a one year low of $13.31 and a one year high of $20.03. The business has a 50-day moving average price of $16.89 and a two-hundred day moving average price of $17.64.

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

Sabra Health Care REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors 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 dividend on an annualized basis and a dividend yield of 6.94%. Sabra Health Care REIT's 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.