Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 912,210 shares of the real estate investment trust's stock after purchasing an additional 58,919 shares during the quarter. Ameriprise Financial Inc. owned 0.39% of Sabra Health Care REIT worth $15,799,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. VSM Wealth Advisory LLC acquired a new position in shares of Sabra Health Care REIT in the 4th quarter valued at approximately $26,000. Assetmark Inc. increased its stake in shares of Sabra Health Care REIT by 33.4% in the fourth quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock worth $45,000 after buying an additional 656 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Sabra Health Care REIT by 208.3% in the fourth quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock valued at $108,000 after acquiring an additional 4,204 shares in the last quarter. FIL Ltd boosted its stake in Sabra Health Care REIT by 40.4% during the 4th quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust's stock valued at $113,000 after acquiring an additional 1,873 shares during the last quarter. Finally, Autumn Glory Partners LLC bought a new position in Sabra Health Care REIT during the 4th quarter valued at $173,000. Institutional investors and hedge funds own 99.40% of the company's stock.

Analyst Upgrades and Downgrades

SBRA has been the subject of several research analyst reports. Scotiabank boosted their target price on shares of Sabra Health Care REIT from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research report on Monday, May 12th. Truist Financial boosted their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. Three 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 company's stock. According to MarketBeat, Sabra Health Care REIT presently has an average rating of "Moderate Buy" and an average price target of $19.50.

Sabra Health Care REIT Stock Performance

SBRA traded down $0.02 on Thursday, hitting $17.26. 306,548 shares of the company's stock were exchanged, compared to its average volume of 2,187,104. 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 stock has a fifty day moving average of $17.54 and a two-hundred day moving average of $17.41. Sabra Health Care REIT, Inc. has a twelve month low of $13.87 and a twelve month high of $20.03. The firm has a market cap of $4.11 billion, a PE ratio of 32.51, a P/E/G ratio of 1.97 and a beta of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The business had revenue of $183.54 million for the quarter, compared to analysts' expectations of $180.23 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The business's quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.35 EPS. On average, research analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.95%. The ex-dividend date is Friday, May 16th. Sabra Health Care REIT's dividend payout ratio is presently 203.39%.

Sabra Health Care REIT 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.