First Trust Advisors LP Has $8.67 Million Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

First Trust Advisors LP grew its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 23.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 500,691 shares of the real estate investment trust's stock after buying an additional 94,673 shares during the period. First Trust Advisors LP owned 0.21% of Sabra Health Care REIT worth $8,672,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Sabra Health Care REIT by 4.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 256,864 shares of the real estate investment trust's stock worth $4,447,000 after buying an additional 10,469 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Sabra Health Care REIT in the 4th quarter valued at about $3,433,000. XTX Topco Ltd acquired a new position in shares of Sabra Health Care REIT during the 4th quarter worth approximately $557,000. Mariner LLC bought a new stake in shares of Sabra Health Care REIT in the fourth quarter valued at approximately $194,000. Finally, Barclays PLC grew its position in Sabra Health Care REIT by 109.4% during the fourth quarter. Barclays PLC now owns 1,420,356 shares of the real estate investment trust's stock worth $24,601,000 after buying an additional 741,959 shares in the last quarter. 99.40% of the stock is owned by institutional investors.

Sabra Health Care REIT Trading Down 1.1 %

NASDAQ SBRA traded down $0.20 on Friday, hitting $17.42. The company's stock had a trading volume of 1,990,457 shares, compared to its average volume of 2,144,094. The firm has a market cap of $4.14 billion, a PE ratio of 32.87, a PEG ratio of 1.97 and a beta of 0.88. The company's 50-day moving average is $17.27 and its 200 day moving average is $17.51. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88. Sabra Health Care REIT, Inc. has a 1-year low of $13.87 and a 1-year high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, meeting analysts' consensus estimates of $0.36. The firm had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. As a group, analysts predict that Sabra Health Care REIT, Inc. will post 1.45 earnings per share 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. Investors of record on Friday, February 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio is presently 226.42%.

Wall Street Analyst Weigh In

SBRA has been the subject of several research analyst reports. JMP Securities upgraded shares of Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price objective for the company in a research report on Tuesday, January 7th. Citizens Jmp raised Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Truist Financial upped 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 report on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $19.33.

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.