Victory Capital Management Inc. Sells 194,920 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Victory Capital Management Inc. reduced its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 11.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,446,337 shares of the real estate investment trust's stock after selling 194,920 shares during the period. Victory Capital Management Inc. owned 0.61% of Sabra Health Care REIT worth $25,051,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SBRA. Principal Financial Group Inc. increased its stake in Sabra Health Care REIT by 2.5% during the 4th quarter. Principal Financial Group Inc. now owns 22,109,683 shares of the real estate investment trust's stock worth $382,940,000 after purchasing an additional 536,247 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Sabra Health Care REIT by 222.4% during the third quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust's stock worth $183,996,000 after acquiring an additional 6,819,919 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Sabra Health Care REIT by 1.7% during the third quarter. Geode Capital Management LLC now owns 6,294,798 shares of the real estate investment trust's stock worth $117,165,000 after acquiring an additional 104,533 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Sabra Health Care REIT by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,701,881 shares of the real estate investment trust's stock valued at $87,502,000 after acquiring an additional 365,855 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Sabra Health Care REIT by 13.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,039,651 shares of the real estate investment trust's stock worth $69,967,000 after purchasing an additional 463,601 shares during the period. 99.40% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SBRA shares. Citizens Jmp upgraded shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Truist Financial downgraded Sabra Health Care REIT from a "buy" rating to a "hold" rating and lowered their target price for the company from $18.00 to $17.00 in a research report on Friday, January 17th. Mizuho reissued a "neutral" rating and issued a $20.00 price objective on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Finally, JMP Securities upgraded shares of Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 target price for the company in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Sabra Health Care REIT has a consensus rating of "Moderate Buy" and an average target price of $19.17.

Sabra Health Care REIT Trading Up 2.6 %

NASDAQ:SBRA traded up $0.44 on Friday, reaching $17.30. 2,344,467 shares of the stock traded hands, compared to its average volume of 2,168,165. Sabra Health Care REIT, Inc. has a 1-year low of $13.31 and a 1-year 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 company's 50 day moving average is $16.73 and its 200-day moving average is $17.65. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 32.64, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27.

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 for the quarter, meeting the consensus estimate of $0.36. The firm had revenue of $182.35 million during 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%. Equities research analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The company also recently announced 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 of this dividend was Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 6.94%. Sabra Health Care REIT's dividend 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.