Centiva Capital LP raised its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 56.3% during the 4th 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 purchasing an additional 55,029 shares during the quarter. Centiva Capital LP owned approximately 0.06% of Sabra Health Care REIT worth $2,647,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently modified their holdings of the company. Barclays PLC grew its position in shares of Sabra Health Care REIT by 56.1% during the 3rd quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust's stock valued at $12,624,000 after purchasing an additional 243,895 shares in the last quarter. Franklin Resources Inc. raised its stake in Sabra Health Care REIT by 12.3% in the third 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 lifted its holdings in shares of Sabra Health Care REIT by 13.0% during the 4th quarter. Bank of New York Mellon Corp now owns 4,039,651 shares of the real estate investment trust's stock worth $69,967,000 after acquiring an additional 463,601 shares during the last quarter. abrdn plc raised its position in Sabra Health Care REIT by 2.9% during the fourth 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 lifted its stake in Sabra Health Care REIT by 66.9% during 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. Hedge funds and other institutional investors own 99.40% of the company's stock.
Sabra Health Care REIT Trading Up 1.7 %
Sabra Health Care REIT stock traded up $0.30 during trading hours on Friday, reaching $18.18. The stock had a trading volume of 3,155,497 shares, compared to its average volume of 2,157,128. The stock has a market cap of $4.33 billion, a PE ratio of 34.30, a PEG ratio of 1.97 and a beta of 0.88. The company has a fifty day simple moving average of $17.39 and a 200-day simple moving average of $17.47. 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 52 week low of $13.87 and a 52 week high of $20.03.
Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The business had revenue of $183.54 million during the quarter, compared to analyst estimates of $180.23 million. During the same quarter in the prior year, the company posted $0.35 EPS. Sabra Health Care REIT's quarterly revenue was up 10.1% compared to the same quarter last year. Analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.
Sabra Health Care REIT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.60%. The ex-dividend date is Friday, May 16th. Sabra Health Care REIT's dividend payout ratio is currently 203.39%.
Wall Street Analyst Weigh In
Separately, Truist Financial increased their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a research 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 issued a strong buy rating to the stock. According to MarketBeat.com, Sabra Health Care REIT currently has an average rating of "Moderate Buy" and an average target price of $19.33.
View Our Latest Analysis on Sabra Health Care REIT
Sabra Health Care REIT Company Profile
(
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.
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