Wealthstar Advisors LLC Buys New Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Wealthstar Advisors LLC purchased a new position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 38,124 shares of the real estate investment trust's stock, valued at approximately $660,000.

Other hedge funds have also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Sabra Health Care REIT by 0.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 255,110 shares of the real estate investment trust's stock worth $4,419,000 after purchasing an additional 2,109 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in Sabra Health Care REIT in the fourth quarter worth approximately $462,000. State of Alaska Department of Revenue boosted its holdings in Sabra Health Care REIT by 2.2% in the fourth quarter. State of Alaska Department of Revenue now owns 140,212 shares of the real estate investment trust's stock worth $2,427,000 after acquiring an additional 3,073 shares in the last quarter. Groesbeck Investment Management Corp NJ bought a new stake in shares of Sabra Health Care REIT during the fourth quarter valued at approximately $318,000. Finally, Retirement Systems of Alabama grew its position in Sabra Health Care REIT by 1.1% in the 4th quarter. Retirement Systems of Alabama now owns 287,670 shares of the real estate investment trust's stock valued at $4,982,000 after purchasing an additional 3,097 shares during the period. 99.40% of the stock is owned by institutional investors.

Sabra Health Care REIT Trading Up 3.6 %

Shares of Sabra Health Care REIT stock traded up $0.58 during trading on Thursday, reaching $16.68. The company's stock had a trading volume of 3,356,288 shares, compared to its average volume of 1,964,843. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.90. Sabra Health Care REIT, Inc. has a 52-week low of $13.31 and a 52-week high of $20.03. The firm's 50-day moving average is $17.01 and its two-hundred day moving average is $17.61. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 2.02 and a beta of 1.25.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 7.19%. Sabra Health Care REIT's payout ratio is 292.69%.

Wall Street Analyst Weigh In

Several analysts have recently commented on SBRA shares. Citizens Jmp raised Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Mizuho reaffirmed a "neutral" rating and set a $20.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Truist Financial downgraded shares of Sabra Health Care REIT from a "buy" rating to a "hold" rating and reduced their target price for the company from $18.00 to $17.00 in a research report on Friday, January 17th. Finally, JMP Securities raised 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. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.86.

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.