Wellington Management Group LLP lifted its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 33.7% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,205,042 shares of the real estate investment trust's stock after acquiring an additional 808,207 shares during the period. Wellington Management Group LLP owned 1.35% of Sabra Health Care REIT worth $55,511,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of Sabra Health Care REIT by 1.7% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. raised its position in shares of Sabra Health Care REIT by 222.4% during the 3rd 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. Vestcor Inc grew its stake in Sabra Health Care REIT by 62.5% during the 3rd quarter. Vestcor Inc now owns 207,918 shares of the real estate investment trust's stock worth $3,869,000 after buying an additional 79,956 shares during the last quarter. Barclays PLC grew its stake in Sabra Health Care REIT by 56.1% during the 3rd quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust's stock worth $12,624,000 after buying an additional 243,895 shares during the last quarter. Finally, Franklin Resources Inc. grew its stake in Sabra Health Care REIT by 12.3% during the 3rd quarter. Franklin Resources Inc. now owns 524,917 shares of the real estate investment trust's stock worth $9,543,000 after buying an additional 57,551 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on the company. JMP Securities upgraded Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price target on the stock in a research note on Tuesday, January 7th. Truist Financial raised their price target 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. 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 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 has a consensus rating of "Moderate Buy" and a consensus target price of $19.33.
Check Out Our Latest Analysis on Sabra Health Care REIT
Sabra Health Care REIT Stock Performance
Sabra Health Care REIT stock traded up $0.09 during trading hours on Thursday, reaching $17.02. 497,889 shares of the stock were exchanged, compared to its average volume of 2,117,239. The stock has a market cap of $4.05 billion, a P/E ratio of 32.23, a P/E/G ratio of 1.97 and a beta of 0.93. 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, 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 $16.86 and its 200 day moving average is $17.57.
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, hitting analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $178.01 million. Analysts predict that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.
Sabra Health Care REIT Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 7.05%. Sabra Health Care REIT's payout ratio is 226.42%.
About Sabra Health Care REIT
(
Free Report)
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.
Further Reading
Before you consider Sabra Health Care REIT, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sabra Health Care REIT wasn't on the list.
While Sabra Health Care REIT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
