Canada Pension Plan Investment Board acquired a new position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 198,200 shares of the real estate investment trust's stock, valued at approximately $3,433,000. Canada Pension Plan Investment Board owned approximately 0.08% of Sabra Health Care REIT at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in SBRA. VSM Wealth Advisory LLC acquired a new position in Sabra Health Care REIT in the 4th quarter worth $26,000. Assetmark Inc. lifted 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 worth $45,000 after buying an additional 656 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Sabra Health Care REIT in the 3rd quarter worth $59,000. Jones Financial Companies Lllp lifted its holdings in Sabra Health Care REIT by 208.3% in 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 in the last quarter. Finally, FIL Ltd lifted its holdings in Sabra Health Care REIT by 40.4% in the 4th quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust's stock worth $113,000 after buying an additional 1,873 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company's stock.
Sabra Health Care REIT Stock Performance
SBRA traded up $0.08 on Monday, hitting $17.50. 1,844,006 shares of the company's stock were exchanged, compared to its average volume of 2,137,095. The firm has a market cap of $4.16 billion, a PE ratio of 33.02, a P/E/G ratio of 1.97 and a beta of 0.93. Sabra Health Care REIT, Inc. has a twelve month low of $13.82 and a twelve month high of $20.03. The stock has a fifty day moving average of $17.16 and a two-hundred day moving average of $17.51. 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 (NASDAQ:SBRA - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. 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 Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.86%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio (DPR) is 226.42%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on SBRA shares. Truist Financial upped their target price on shares of 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. 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 target price 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $19.33.
View Our Latest Report on Sabra Health Care REIT
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
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
