BNP Paribas Financial Markets Reduces Stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

BNP Paribas Financial Markets decreased its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 12.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 182,914 shares of the real estate investment trust's stock after selling 26,069 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.08% of Sabra Health Care REIT worth $3,168,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in SBRA. VSM Wealth Advisory LLC bought a new position in shares of Sabra Health Care REIT during the 4th quarter worth $26,000. Assetmark Inc. lifted its stake in shares of Sabra Health Care REIT by 33.4% during the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock worth $45,000 after purchasing an additional 656 shares during the last quarter. Jones Financial Companies Lllp lifted its stake 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 purchasing an additional 4,204 shares during the last quarter. FIL Ltd lifted its stake 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 worth $113,000 after purchasing an additional 1,873 shares during the last quarter. Finally, Autumn Glory Partners LLC purchased a new stake in shares of Sabra Health Care REIT during the 4th quarter worth $173,000. Institutional investors own 99.40% of the company's stock.

Sabra Health Care REIT Price Performance

SBRA traded up $0.11 during trading on Friday, hitting $17.87. The company's stock had a trading volume of 2,663,446 shares, compared to its average volume of 2,179,018. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. Sabra Health Care REIT, Inc. has a twelve month low of $13.87 and a twelve month high of $20.03. The business's fifty day simple moving average is $17.49 and its 200 day simple moving average is $17.43. The firm has a market capitalization of $4.25 billion, a price-to-earnings ratio of 33.72, a P/E/G ratio of 1.97 and a beta of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $183.54 million for the quarter, compared to analyst estimates of $180.23 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. Sabra Health Care REIT's quarterly revenue was up 10.1% compared to the same quarter last year. During the same period last year, the company earned $0.35 earnings per share. On average, equities research analysts forecast 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 will be paid on Friday, May 30th. Stockholders 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 dividend yield of 6.72%. The ex-dividend date is Friday, May 16th. Sabra Health Care REIT's dividend payout ratio is presently 203.39%.

Wall Street Analyst Weigh In

SBRA has been the subject of a number of analyst reports. Truist Financial upped their price objective 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. Scotiabank raised their price objective on Sabra Health Care REIT from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Sabra Health Care REIT currently has an average rating of "Moderate Buy" and a consensus price target 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.