Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Sold by Bank of America Corp DE

Bank of America Corp DE decreased its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 15.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,122,355 shares of the real estate investment trust's stock after selling 738,199 shares during the quarter. Bank of America Corp DE owned 1.74% of Sabra Health Care REIT worth $71,399,000 at the end of the most recent reporting period.

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

Sabra Health Care REIT Stock Up 0.6%

Shares of SBRA traded up $0.11 during midday trading on Friday, hitting $17.87. The company had a trading volume of 2,663,446 shares, compared to its average volume of 2,175,523. Sabra Health Care REIT, Inc. has a 1 year low of $13.87 and a 1 year high of $20.03. The firm has a market capitalization of $4.25 billion, a P/E ratio of 33.72, a P/E/G ratio of 1.97 and a beta of 0.88. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. The company's 50-day simple moving average is $17.46 and its 200-day simple moving average is $17.45.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.37 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $180.23 million. During the same quarter in the previous year, the business posted $0.35 EPS. The firm's revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts expect that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date of this dividend is Friday, May 16th. Sabra Health Care REIT's dividend payout ratio is presently 203.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Truist Financial upped their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a research note on Tuesday, March 18th. Scotiabank boosted their price objective on Sabra Health Care REIT from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Monday. Three investment 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.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.50.

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.