Nuveen Asset Management LLC Purchases 795,902 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Nuveen Asset Management LLC boosted its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 30.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,378,733 shares of the real estate investment trust's stock after purchasing an additional 795,902 shares during the period. Nuveen Asset Management LLC owned 1.43% of Sabra Health Care REIT worth $58,520,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SBRA. Barclays PLC grew its position in 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 worth $12,624,000 after purchasing an additional 243,895 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in Sabra Health Care REIT during the 4th quarter worth approximately $202,000. SG Americas Securities LLC grew its position in Sabra Health Care REIT by 31.1% during the 4th quarter. SG Americas Securities LLC now owns 21,941 shares of the real estate investment trust's stock worth $380,000 after purchasing an additional 5,204 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Sabra Health Care REIT by 0.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust's stock worth $3,068,000 after purchasing an additional 763 shares in the last quarter. Finally, Inspire Investing LLC grew its position in Sabra Health Care REIT by 4.5% during the 4th quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust's stock worth $401,000 after purchasing an additional 992 shares in the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on SBRA shares. Truist Financial lifted their price objective on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a research report on Tuesday, March 18th. Scotiabank lifted their target price on shares of Sabra Health Care REIT from $18.00 to $19.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $19.50.

Sabra Health Care REIT Stock Up 2.0%

Shares of NASDAQ:SBRA traded up $0.35 during trading on Friday, reaching $17.44. 2,710,400 shares of the company traded hands, compared to its average volume of 2,205,437. The firm has a fifty day simple moving average of $17.52 and a 200 day simple moving average of $17.38. The firm has a market cap of $4.15 billion, a P/E ratio of 32.91, a price-to-earnings-growth ratio of 1.97 and a beta 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 company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88.

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, beating analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $183.54 million during the quarter, compared to analyst estimates of $180.23 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The company's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. 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 firm also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.88%. Sabra Health Care REIT's dividend payout ratio is currently 203.39%.

Insider Activity

In other news, Director Michael J. Foster sold 11,000 shares of the firm's stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $18.22, for a total transaction of $200,420.00. Following the transaction, the director now owns 64,725 shares in the company, valued at approximately $1,179,289.50. This trade represents a 14.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by insiders.

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.