Graham Capital Management L.P. Buys 102,812 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Graham Capital Management L.P. increased its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 105.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 200,651 shares of the real estate investment trust's stock after buying an additional 102,812 shares during the quarter. Graham Capital Management L.P. owned 0.08% of Sabra Health Care REIT worth $3,475,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SBRA. Barclays PLC increased its stake in shares of Sabra Health Care REIT by 56.1% in the third 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 purchased a new position in Sabra Health Care REIT in the 3rd quarter valued at approximately $59,000. Franklin Resources Inc. grew its stake 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 valued at $9,543,000 after buying an additional 57,551 shares in the last quarter. ORG Partners LLC raised its holdings in Sabra Health Care REIT by 2,031.8% during the 4th quarter. ORG Partners LLC now owns 25,283 shares of the real estate investment trust's stock valued at $438,000 after acquiring an additional 24,097 shares during the period. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Sabra Health Care REIT during the fourth quarter worth $202,000. 99.40% of the stock is owned by hedge funds and other institutional investors.

Sabra Health Care REIT Price Performance

NASDAQ SBRA traded up $0.33 during trading hours on Friday, reaching $17.79. 997,206 shares of the stock traded hands, compared to its average volume of 2,169,103. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. The stock has a 50 day simple moving average of $17.46 and a two-hundred day simple moving average of $17.45. 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 market cap of $4.23 billion, a price-to-earnings ratio of 33.58, a price-to-earnings-growth ratio of 1.97 and a beta 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 for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The company had revenue of $183.54 million for the quarter, compared to analysts' expectations of $180.23 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. Sabra Health Care REIT's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same period last year, the firm posted $0.35 EPS. On average, analysts predict that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.30 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.75%. Sabra Health Care REIT's dividend payout ratio (DPR) is 203.39%.

Analyst Upgrades and Downgrades

SBRA has been the topic of a number of analyst reports. Truist Financial boosted 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 upped their price target 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. Three 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $19.50.

About Sabra Health Care REIT

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.