Vestcor Inc Sells 16,647 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Vestcor Inc cut its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 191,271 shares of the real estate investment trust's stock after selling 16,647 shares during the period. Vestcor Inc owned about 0.08% of Sabra Health Care REIT worth $3,313,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Swiss National Bank raised its stake in Sabra Health Care REIT by 1.9% during the fourth quarter. Swiss National Bank now owns 460,741 shares of the real estate investment trust's stock worth $7,980,000 after acquiring an additional 8,800 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Sabra Health Care REIT by 50.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 153,261 shares of the real estate investment trust's stock worth $2,654,000 after purchasing an additional 51,595 shares in the last quarter. AlphaQuest LLC lifted its holdings in Sabra Health Care REIT by 2,375.2% during the 4th quarter. AlphaQuest LLC now owns 35,371 shares of the real estate investment trust's stock valued at $613,000 after purchasing an additional 33,942 shares during the last quarter. Edgestream Partners L.P. bought a new position in Sabra Health Care REIT during the 4th quarter valued at about $2,593,000. Finally, Jackson Creek Investment Advisors LLC grew its stake in Sabra Health Care REIT by 3.8% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 96,914 shares of the real estate investment trust's stock worth $1,679,000 after buying an additional 3,576 shares during the last quarter. Institutional investors own 99.40% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SBRA shares. Truist Financial lifted 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. JMP Securities raised 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 report on Tuesday, January 7th. Mizuho reissued a "neutral" rating and issued a $20.00 price objective on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Finally, Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $19.33.

Sabra Health Care REIT Trading Up 0.9 %

SBRA traded up $0.16 during mid-day trading on Tuesday, reaching $17.78. The stock had a trading volume of 4,075,522 shares, compared to its average volume of 1,962,602. The firm's fifty day simple moving average is $16.74 and its two-hundred day simple moving average is $17.67. The stock has a market capitalization of $4.23 billion, a P/E ratio of 33.55, a P/E/G ratio of 1.97 and a beta of 1.27. Sabra Health Care REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $20.03. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last posted its quarterly 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. The business had revenue of $182.35 million for the quarter, compared to analysts' expectations of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. On average, equities analysts predict that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.75%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio (DPR) is 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.