Centiva Capital LP Increases Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Centiva Capital LP boosted its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 56.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 152,827 shares of the real estate investment trust's stock after acquiring an additional 55,029 shares during the quarter. Centiva Capital LP owned 0.06% of Sabra Health Care REIT worth $2,647,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in SBRA. Barclays PLC lifted its stake in shares of Sabra Health Care REIT by 56.1% in the 3rd quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust's stock valued at $12,624,000 after acquiring an additional 243,895 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Sabra Health Care REIT by 12.3% during the 3rd quarter. Franklin Resources Inc. now owns 524,917 shares of the real estate investment trust's stock valued at $9,543,000 after purchasing an additional 57,551 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Sabra Health Care REIT by 13.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,039,651 shares of the real estate investment trust's stock valued at $69,967,000 after buying an additional 463,601 shares during the period. abrdn plc increased its stake in Sabra Health Care REIT by 2.9% during the 4th quarter. abrdn plc now owns 900,690 shares of the real estate investment trust's stock valued at $15,600,000 after purchasing an additional 25,195 shares in the last quarter. Finally, ExodusPoint Capital Management LP boosted its holdings in Sabra Health Care REIT by 66.9% in the fourth quarter. ExodusPoint Capital Management LP now owns 917,166 shares of the real estate investment trust's stock worth $15,885,000 after purchasing an additional 367,777 shares during the last quarter. Institutional investors own 99.40% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Truist Financial increased 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. JMP Securities upgraded 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 report on Tuesday, January 7th. Finally, Citizens Jmp raised shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $19.33.

Sabra Health Care REIT Price Performance

Shares of NASDAQ SBRA opened at $17.28 on Tuesday. 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 1-year low of $13.87 and a 1-year high of $20.03. The firm has a market cap of $4.11 billion, a P/E ratio of 32.60, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. The business's 50 day moving average is $17.29 and its 200-day moving average is $17.49.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last posted 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 firm's revenue for the quarter was up 10.1% on a year-over-year basis. During the same period last year, the firm posted $0.35 EPS. Equities research analysts predict that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

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.

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