AQR Capital Management LLC Acquires 61,217 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

AQR Capital Management LLC grew its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 5.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,222,858 shares of the real estate investment trust's stock after purchasing an additional 61,217 shares during the period. AQR Capital Management LLC owned about 0.52% of Sabra Health Care REIT worth $21,009,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Assetmark Inc. boosted 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 buying an additional 656 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Sabra Health Care REIT by 0.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust's stock valued at $3,068,000 after acquiring an additional 763 shares during the period. Louisiana State Employees Retirement System raised its position in Sabra Health Care REIT by 1.2% in the fourth 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. Oregon Public Employees Retirement Fund lifted its stake in Sabra Health Care REIT by 1.7% during the fourth 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 during the period. Finally, Inspire Investing LLC boosted its holdings in Sabra Health Care REIT by 4.5% during the fourth quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust's stock valued at $401,000 after purchasing an additional 992 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Truist Financial lifted 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 equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $19.33.

Sabra Health Care REIT Price Performance

Shares of NASDAQ:SBRA traded up $0.30 during midday trading on Friday, reaching $18.18. The company's stock had a trading volume of 3,155,497 shares, compared to its average volume of 2,155,591. The business's fifty day simple moving average is $17.39 and its 200-day simple moving average is $17.48. 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 fifty-two week low of $13.87 and a fifty-two week high of $20.03. The company has a market capitalization of $4.33 billion, a P/E ratio of 34.30, 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 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. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The company had revenue of $183.54 million during the quarter, compared to the consensus estimate of $180.23 million. During the same period in the previous year, the firm posted $0.35 earnings per share. The company's revenue was up 10.1% on a year-over-year basis. As a group, equities research analysts expect that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed 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. The ex-dividend date is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a yield of 6.60%. Sabra Health Care REIT's payout ratio is 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.