Comprehensive Money Management Services LLC Buys Shares of 19,220 Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Comprehensive Money Management Services LLC purchased a new position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 19,220 shares of the real estate investment trust's stock, valued at approximately $333,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. VSM Wealth Advisory LLC purchased a new stake in shares of Sabra Health Care REIT during the fourth quarter worth approximately $26,000. Assetmark Inc. grew its holdings in 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 acquiring an additional 656 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Sabra Health Care REIT in the 4th quarter valued at approximately $74,000. Jones Financial Companies Lllp increased its position in shares of 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 valued at $108,000 after purchasing an additional 4,204 shares during the last quarter. Finally, FIL Ltd raised its holdings in shares of 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 valued at $113,000 after purchasing an additional 1,873 shares in the last quarter. 99.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SBRA. Truist Financial boosted their target price 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. Scotiabank lifted their price target on Sabra Health Care REIT from $18.00 to $19.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $19.50.

Insider Activity

In related news, Director Michael J. Foster sold 11,000 shares of the stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $18.22, for a total transaction of $200,420.00. Following the completion of the transaction, the director now directly owns 64,725 shares of the company's stock, valued at $1,179,289.50. This represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.10% of the company's stock.

Sabra Health Care REIT Stock Performance

Sabra Health Care REIT stock traded up $0.07 during midday trading on Friday, hitting $17.49. 2,221,687 shares of the company's stock were exchanged, compared to its average volume of 2,214,672. 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 $4.16 billion, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. Sabra Health Care REIT, Inc. has a 12-month low of $13.87 and a 12-month high of $20.03. The firm's 50 day simple moving average is $17.53 and its 200 day simple moving average is $17.34.

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

Sabra Health Care REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date of this dividend is Friday, May 16th. Sabra Health Care REIT's payout ratio is currently 203.39%.

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.