State of Wyoming Sells 15,327 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

State of Wyoming cut its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 48.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,041 shares of the real estate investment trust's stock after selling 15,327 shares during the period. State of Wyoming's holdings in Sabra Health Care REIT were worth $278,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SBRA. Systematic Financial Management LP boosted its stake in Sabra Health Care REIT by 4.3% during the 4th quarter. Systematic Financial Management LP now owns 2,391,104 shares of the real estate investment trust's stock valued at $41,414,000 after purchasing an additional 98,631 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Sabra Health Care REIT by 44.0% in the fourth quarter. ProShare Advisors LLC now owns 77,682 shares of the real estate investment trust's stock valued at $1,345,000 after purchasing an additional 23,738 shares in the last quarter. Nomura Holdings Inc. purchased a new position in shares of Sabra Health Care REIT during the fourth quarter valued at approximately $988,000. Nuveen Asset Management LLC grew its holdings in Sabra Health Care REIT by 30.8% during the fourth quarter. Nuveen Asset Management LLC now owns 3,378,733 shares of the real estate investment trust's stock worth $58,520,000 after buying an additional 795,902 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Sabra Health Care REIT by 5.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,319,301 shares of the real estate investment trust's stock worth $22,850,000 after buying an additional 70,120 shares in the last quarter. 99.40% of the stock is owned by institutional investors.

Sabra Health Care REIT Stock Performance

Shares of SBRA opened at $17.09 on Friday. The stock has a 50 day moving average of $17.53 and a 200 day moving average of $17.40. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 32.25, a PEG 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 announced its quarterly earnings data 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 firm had revenue of $183.54 million during the quarter, compared to the consensus estimate of $180.23 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The business's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. As a group, sell-side analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors 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 yield of 7.02%. Sabra Health Care REIT's dividend payout ratio (DPR) is presently 203.39%.

Analysts Set New Price Targets

SBRA has been the topic of several recent analyst reports. Truist Financial raised their price objective on 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 increased 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 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 assigned a strong buy rating to the company's stock. According to MarketBeat, Sabra Health Care REIT presently has an average rating of "Moderate Buy" and a consensus price target of $19.50.

Insider Buying and Selling

In other Sabra Health Care REIT news, Director Michael J. Foster sold 11,000 shares of the business'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 transaction, the director now directly owns 64,725 shares in the company, valued at $1,179,289.50. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by corporate 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.

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