Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP decreased its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,345,736 shares of the real estate investment trust's stock after selling 30,139 shares during the period. Dimensional Fund Advisors LP owned about 1.41% of Sabra Health Care REIT worth $57,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Barclays PLC boosted its holdings in 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 worth $12,624,000 after buying an additional 243,895 shares during the period. Franklin Resources Inc. increased its position 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 during the last quarter. Bank of New York Mellon Corp raised its holdings in 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 valued at $69,967,000 after buying an additional 463,601 shares during the period. abrdn plc lifted its position in Sabra Health Care REIT by 2.9% in the fourth quarter. abrdn plc now owns 900,690 shares of the real estate investment trust's stock worth $15,600,000 after buying an additional 25,195 shares during the last quarter. Finally, ExodusPoint Capital Management LP grew its holdings in Sabra Health Care REIT by 66.9% during the 4th quarter. ExodusPoint Capital Management LP now owns 917,166 shares of the real estate investment trust's stock valued at $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

Several research firms recently commented on SBRA. Truist Financial raised their price target on shares of 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. 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 price target on the stock in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Sabra Health Care REIT has an average rating of "Moderate Buy" and an average price target of $19.33.

Sabra Health Care REIT Stock Performance

NASDAQ SBRA traded up $0.17 during trading hours on Wednesday, reaching $18.06. The stock had a trading volume of 126,021 shares, compared to its average volume of 2,149,185. Sabra Health Care REIT, Inc. has a 52-week low of $13.87 and a 52-week high of $20.03. 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 stock has a market cap of $4.30 billion, a P/E ratio of 33.92, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. The stock has a fifty day moving average of $17.32 and a 200 day moving average of $17.49.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The firm had revenue of $183.54 million during the quarter, compared to analysts' expectations of $180.23 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The firm's revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.35 earnings per share. Sell-side analysts predict that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.64%. The ex-dividend date is Friday, May 16th. Sabra Health Care REIT's payout ratio is currently 226.42%.

Sabra Health Care REIT Company Profile

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.