Two Sigma Advisers LP Acquires 32,100 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Two Sigma Advisers LP increased its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 21.3% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 182,500 shares of the real estate investment trust's stock after purchasing an additional 32,100 shares during the period. Two Sigma Advisers LP owned approximately 0.08% of Sabra Health Care REIT worth $3,161,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new stake in Sabra Health Care REIT during the 4th quarter valued at $26,000. Assetmark Inc. boosted its position in Sabra Health Care REIT by 33.4% during the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock valued at $45,000 after buying an additional 656 shares during the period. Jones Financial Companies Lllp lifted its position in shares of Sabra Health Care REIT by 208.3% in the 4th quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 4,204 shares during the period. FIL Ltd lifted its position in shares of Sabra Health Care REIT by 40.4% in the 4th quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust's stock worth $113,000 after purchasing an additional 1,873 shares during the period. Finally, Autumn Glory Partners LLC purchased a new stake in shares of Sabra Health Care REIT in the 4th quarter worth about $173,000. Hedge funds and other institutional investors own 99.40% of the company's stock.

Insider Activity

In other news, Director Michael J. Foster sold 11,000 shares of Sabra Health Care REIT stock in a transaction that occurred on 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 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Truist Financial increased their price target on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a research note on Tuesday, March 18th. Scotiabank increased their price target on shares of Sabra Health Care REIT from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Monday, May 12th. Three 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 stock. Based on data from MarketBeat, Sabra Health Care REIT currently has a consensus rating of "Moderate Buy" and an average target price of $19.50.

Sabra Health Care REIT Stock Up 0.4%

Shares of Sabra Health Care REIT stock traded up $0.07 during trading on Friday, hitting $17.49. The company's stock had a trading volume of 2,221,737 shares, compared to its average volume of 2,222,123. The company has a market capitalization of $4.16 billion, a PE ratio of 33.00, a P/E/G ratio of 1.97 and a beta of 0.88. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. Sabra Health Care REIT, Inc. has a 52 week low of $13.87 and a 52 week high of $20.03. The company has a fifty day simple moving average of $17.54 and a two-hundred day simple moving average of $17.32.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The business 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%. Sabra Health Care REIT's revenue was up 10.1% compared to the same quarter last year. During the same period last year, the business earned $0.35 EPS. Equities research analysts predict that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date was Friday, May 16th. Sabra Health Care REIT's payout ratio is currently 203.39%.

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.