ProShare Advisors LLC Purchases 23,738 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

ProShare Advisors LLC boosted its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 44.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,682 shares of the real estate investment trust's stock after acquiring an additional 23,738 shares during the period. ProShare Advisors LLC's holdings in Sabra Health Care REIT were worth $1,345,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Sabra Health Care REIT in the 4th quarter valued at $48,950,000. Northern Trust Corp boosted its holdings in shares of Sabra Health Care REIT by 27.7% during the 4th quarter. Northern Trust Corp now owns 4,169,385 shares of the real estate investment trust's stock valued at $72,214,000 after acquiring an additional 905,466 shares in the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of Sabra Health Care REIT by 95.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,816,217 shares of the real estate investment trust's stock valued at $31,457,000 after acquiring an additional 888,908 shares in the last quarter. Wellington Management Group LLP boosted its holdings in shares of Sabra Health Care REIT by 33.7% during the 4th quarter. Wellington Management Group LLP now owns 3,205,042 shares of the real estate investment trust's stock valued at $55,511,000 after acquiring an additional 808,207 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of Sabra Health Care REIT by 30.8% during the 4th quarter. Nuveen Asset Management LLC now owns 3,378,733 shares of the real estate investment trust's stock valued at $58,520,000 after acquiring an additional 795,902 shares in the last quarter. Institutional investors own 99.40% of the company's stock.

Insider Buying and Selling

In related news, Director Michael J. Foster sold 11,000 shares of the company's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $18.22, for a total value 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 represents a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.

Sabra Health Care REIT Stock Up 2.0%

SBRA stock traded up $0.35 during mid-day 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 stock has a market cap of $4.15 billion, a price-to-earnings ratio of 32.91, a P/E/G ratio of 1.97 and a beta of 0.88. 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, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $20.03. The firm's 50 day moving average price is $17.52 and its 200 day moving average price is $17.39.

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 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 firm had revenue of $183.54 million for the quarter, compared to the consensus estimate of $180.23 million. During the same quarter in the previous year, the business earned $0.35 EPS. The company's revenue was up 10.1% compared to the same quarter last year. As a group, equities research analysts predict that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The firm 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 $0.30 dividend. The ex-dividend date of this dividend 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 payout ratio is presently 203.39%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Scotiabank lifted their target price 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. Truist Financial lifted their price objective on 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. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Sabra Health Care REIT has an average rating of "Moderate Buy" and an average price target of $19.50.

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.