Wellington Management Group LLP Raises Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Wellington Management Group LLP increased its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 33.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,205,042 shares of the real estate investment trust's stock after acquiring an additional 808,207 shares during the quarter. Wellington Management Group LLP owned about 1.35% of Sabra Health Care REIT worth $55,511,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SBRA. VSM Wealth Advisory LLC purchased a new stake in Sabra Health Care REIT in the fourth quarter worth $26,000. Assetmark Inc. lifted its stake in Sabra Health Care REIT by 33.4% in the fourth quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 656 shares during the period. GF Fund Management CO. LTD. purchased a new stake in Sabra Health Care REIT in the fourth quarter worth $74,000. Jones Financial Companies Lllp lifted its stake in Sabra Health Care REIT by 208.3% in the fourth quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock worth $108,000 after acquiring an additional 4,204 shares during the period. Finally, FIL Ltd lifted its stake in Sabra Health Care REIT by 40.4% in the fourth quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust's stock worth $113,000 after acquiring an additional 1,873 shares during the period. Hedge funds and other institutional investors own 99.40% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SBRA. Scotiabank raised 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 target 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 investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Sabra Health Care REIT presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.50.

Sabra Health Care REIT Price Performance

Shares of SBRA traded up $0.07 during mid-day trading on Friday, hitting $17.49. 2,221,737 shares of the stock were exchanged, compared to its average volume of 2,222,123. The company has a market cap of $4.16 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. Sabra Health Care REIT, Inc. has a 52-week low of $13.87 and a 52-week high of $20.03. The firm has a 50-day moving average of $17.54 and a two-hundred day moving average of $17.32. 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 (NASDAQ:SBRA - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The firm had revenue of $183.54 million for 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 company's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS. On average, equities 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 business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.86%. The ex-dividend date was Friday, May 16th. Sabra Health Care REIT's dividend payout ratio is currently 203.39%.

Insider Activity

In other Sabra Health Care REIT news, Director Michael J. Foster sold 11,000 shares of the company's stock in a transaction 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 of the company's stock, valued at $1,179,289.50. This represents a 14.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company's stock.

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.