D. E. Shaw & Co. Inc. Has $3.85 Million Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

D. E. Shaw & Co. Inc. boosted its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 749.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 221,992 shares of the real estate investment trust's stock after purchasing an additional 195,854 shares during the quarter. D. E. Shaw & Co. Inc. owned about 0.09% of Sabra Health Care REIT worth $3,845,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its holdings in shares of Sabra Health Care REIT by 6.8% during the fourth quarter. Cetera Investment Advisers now owns 396,081 shares of the real estate investment trust's stock worth $6,860,000 after buying an additional 25,160 shares during the last quarter. Centiva Capital LP raised its stake in Sabra Health Care REIT by 56.3% during the 4th quarter. Centiva Capital LP now owns 152,827 shares of the real estate investment trust's stock valued at $2,647,000 after purchasing an additional 55,029 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in Sabra Health Care REIT by 6.9% in the 4th quarter. Ameriprise Financial Inc. now owns 912,210 shares of the real estate investment trust's stock valued at $15,799,000 after purchasing an additional 58,919 shares during the period. Gallagher Fiduciary Advisors LLC grew its position in Sabra Health Care REIT by 19.0% in the 4th quarter. Gallagher Fiduciary Advisors LLC now owns 24,375 shares of the real estate investment trust's stock worth $422,000 after purchasing an additional 3,898 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in Sabra Health Care REIT by 5.3% in the 4th quarter. AQR Capital Management LLC now owns 1,222,858 shares of the real estate investment trust's stock worth $21,009,000 after purchasing an additional 61,217 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company's stock.

Sabra Health Care REIT Price Performance

Shares of NASDAQ SBRA traded down $0.19 during mid-day trading on Thursday, hitting $17.09. 2,187,585 shares of the stock were exchanged, compared to its average volume of 2,194,471. Sabra Health Care REIT, Inc. has a twelve month low of $13.87 and a twelve month high of $20.03. The stock's fifty day simple moving average is $17.54 and its two-hundred day simple moving average is $17.41. 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 company has a market cap of $4.07 billion, a P/E ratio of 32.25, a PEG ratio of 1.97 and a beta of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.37 EPS 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 business had revenue of $183.54 million for the quarter, compared to analyst estimates of $180.23 million. During the same period in the prior year, the company earned $0.35 EPS. Sabra Health Care REIT's revenue for the quarter was up 10.1% on a year-over-year basis. As a group, analysts forecast 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 declared a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued 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 7.02%. Sabra Health Care REIT's dividend payout ratio is 203.39%.

Insider Activity at Sabra Health Care REIT

In other Sabra Health Care REIT news, Director Michael J. Foster sold 11,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $18.22, for a total value of $200,420.00. Following the completion of the sale, 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 legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SBRA. Truist Financial increased their target price on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a research note on Tuesday, March 18th. 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 report on Monday, May 12th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.