First Trust Advisors LP grew its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 23.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 500,691 shares of the real estate investment trust's stock after purchasing an additional 94,673 shares during the quarter. First Trust Advisors LP owned approximately 0.21% of Sabra Health Care REIT worth $8,672,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also recently made changes to their positions in SBRA. Principal Financial Group Inc. increased its holdings in Sabra Health Care REIT by 0.8% during the third quarter. Principal Financial Group Inc. now owns 21,573,436 shares of the real estate investment trust's stock valued at $401,479,000 after buying an additional 167,069 shares during the last quarter. Barclays PLC increased its stake in shares of Sabra Health Care REIT by 56.1% in the 3rd quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust's stock worth $12,624,000 after purchasing an additional 243,895 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Sabra Health Care REIT in the 3rd quarter worth $59,000. Franklin Resources Inc. raised its holdings in Sabra Health Care REIT by 12.3% in the 3rd quarter. Franklin Resources Inc. now owns 524,917 shares of the real estate investment trust's stock worth $9,543,000 after purchasing an additional 57,551 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in Sabra Health Care REIT by 222.4% during the third quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust's stock valued at $183,996,000 after purchasing an additional 6,819,919 shares during the period. Institutional investors own 99.40% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on SBRA shares. Citizens Jmp raised Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. JMP Securities raised shares of Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price target on the stock in a report on Tuesday, January 7th. Finally, Truist Financial increased their price objective 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. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $19.33.
Get Our Latest Analysis on Sabra Health Care REIT
Sabra Health Care REIT Price Performance
NASDAQ SBRA traded down $0.20 during trading hours on Friday, reaching $17.42. The company's stock had a trading volume of 1,990,457 shares, compared to its average volume of 2,146,288. Sabra Health Care REIT, Inc. has a 1 year low of $13.87 and a 1 year high of $20.03. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 32.87, a PEG ratio of 1.97 and a beta of 0.88. The firm's 50-day moving average price is $17.27 and its 200-day moving average price is $17.50.
Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. On average, equities research analysts predict that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.
Sabra Health Care REIT Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.30 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 6.89%. Sabra Health Care REIT's dividend payout ratio (DPR) is 226.42%.
About Sabra Health Care REIT
(
Free Report)
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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