MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Boosts Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,319,301 shares of the real estate investment trust's stock after purchasing an additional 70,120 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.56% of Sabra Health Care REIT worth $22,850,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SBRA. Barclays PLC grew 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 acquiring an additional 243,895 shares during the last quarter. Diversify Advisory Services LLC bought a new position in shares of Sabra Health Care REIT during the fourth quarter valued at $202,000. SG Americas Securities LLC lifted its holdings in shares of Sabra Health Care REIT by 31.1% during the fourth quarter. SG Americas Securities LLC now owns 21,941 shares of the real estate investment trust's stock valued at $380,000 after purchasing an additional 5,204 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Sabra Health Care REIT by 0.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust's stock valued at $3,068,000 after purchasing an additional 763 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Sabra Health Care REIT by 4.5% in the fourth quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust's stock valued at $401,000 after acquiring an additional 992 shares during the period. 99.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Truist Financial upped 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. Scotiabank raised their price target on Sabra Health Care REIT from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Monday. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sabra Health Care REIT currently has an average rating of "Moderate Buy" and an average price target of $19.50.

Sabra Health Care REIT Price Performance

Shares of SBRA stock opened at $17.50 on Thursday. 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 debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. The firm has a market capitalization of $4.16 billion, a P/E ratio of 33.02, a P/E/G ratio of 1.97 and a beta of 0.88. The stock has a 50 day moving average price of $17.45 and a 200 day moving average price of $17.46.

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 EPS for the quarter, topping the consensus estimate of $0.36 by $0.01. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The company had revenue of $183.54 million for the quarter, compared to the consensus estimate of $180.23 million. During the same period last year, the business posted $0.35 EPS. Sabra Health Care REIT's quarterly revenue was up 10.1% on a year-over-year basis. As a group, sell-side analysts predict that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 annualized dividend and a dividend yield of 6.86%. Sabra Health Care REIT's dividend payout ratio (DPR) is presently 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.

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