Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 50.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 153,261 shares of the real estate investment trust's stock after acquiring an additional 51,595 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Sabra Health Care REIT worth $2,654,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Rockefeller Capital Management L.P. lifted its stake in shares of Sabra Health Care REIT by 4.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust's stock worth $286,000 after purchasing an additional 655 shares during the period. Assetmark Inc. increased its stake in Sabra Health Care REIT by 33.4% during the fourth 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 last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Sabra Health Care REIT by 0.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust's stock worth $3,068,000 after purchasing an additional 763 shares during the period. Louisiana State Employees Retirement System increased its position in Sabra Health Care REIT by 1.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 65,700 shares of the real estate investment trust's stock worth $1,138,000 after purchasing an additional 800 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund increased its position in Sabra Health Care REIT by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 48,185 shares of the real estate investment trust's stock worth $835,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 99.40% of the company's stock.
Sabra Health Care REIT Stock Performance
Shares of Sabra Health Care REIT stock traded down $0.17 during midday trading on Wednesday, hitting $17.61. The company had a trading volume of 1,869,339 shares, compared to its average volume of 1,967,061. The stock has a market cap of $4.19 billion, a PE ratio of 33.23, a P/E/G ratio of 1.97 and a beta of 1.27. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. Sabra Health Care REIT, Inc. has a 1-year low of $13.31 and a 1-year high of $20.03. The business's 50 day simple moving average is $16.76 and its two-hundred day simple moving average is $17.67.
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 analysts' consensus estimates of $0.36. The company had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. As a group, equities analysts predict 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 declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio (DPR) is currently 226.42%.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on SBRA shares. Truist Financial upped their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a research report on Tuesday. Mizuho restated a "neutral" rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. 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. Finally, JMP Securities upgraded shares of Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price objective on the stock in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $19.33.
View Our Latest Research Report on SBRA
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.
See Also
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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
