Nuveen Asset Management LLC Increases Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Nuveen Asset Management LLC boosted its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 30.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund 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 about 1.43% of Sabra Health Care REIT worth $58,520,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SBRA. Norges Bank purchased a new position in Sabra Health Care REIT in the fourth quarter worth about $48,950,000. Northern Trust Corp boosted its position in Sabra Health Care REIT by 27.7% in the fourth quarter. Northern Trust Corp now owns 4,169,385 shares of the real estate investment trust's stock worth $72,214,000 after purchasing an additional 905,466 shares during the last quarter. Thrivent Financial for Lutherans boosted its position in Sabra Health Care REIT by 95.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,816,217 shares of the real estate investment trust's stock worth $31,457,000 after purchasing an additional 888,908 shares during the last quarter. Wellington Management Group LLP boosted its position in Sabra Health Care REIT by 33.7% in the fourth quarter. Wellington Management Group LLP now owns 3,205,042 shares of the real estate investment trust's stock worth $55,511,000 after purchasing an additional 808,207 shares during the last quarter. Finally, Barclays PLC boosted its position in Sabra Health Care REIT by 109.4% in the fourth quarter. Barclays PLC now owns 1,420,356 shares of the real estate investment trust's stock worth $24,601,000 after purchasing an additional 741,959 shares during the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.

Sabra Health Care REIT Stock Up 0.6%

Shares of SBRA opened at $17.87 on Monday. The business's 50 day moving average is $17.49 and its 200 day moving average is $17.41. The company has a market capitalization of $4.25 billion, a PE ratio of 33.72, 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 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 (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 the consensus estimate 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 company had revenue of $183.54 million for the quarter, compared to the consensus estimate of $180.23 million. During the same quarter last year, the company earned $0.35 EPS. The firm's quarterly revenue was up 10.1% on a year-over-year basis. Research analysts expect 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.72%. The ex-dividend date is Friday, May 16th. Sabra Health Care REIT's payout ratio is 203.39%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SBRA. Scotiabank lifted their price objective on Sabra Health Care REIT from $18.00 to $19.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Truist Financial lifted 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 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 MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $19.50.

Sabra Health Care REIT 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.

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