Raymond James Financial Inc. Invests $887,000 in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Raymond James Financial Inc. bought a new position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 51,237 shares of the real estate investment trust's stock, valued at approximately $887,000.

Other large investors have also recently bought and sold shares of the company. Assetmark Inc. lifted its holdings in shares of Sabra Health Care REIT by 33.4% during the 4th 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. Janney Montgomery Scott LLC lifted its stake in 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 worth $3,068,000 after purchasing an additional 763 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Sabra Health Care REIT by 1.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 65,700 shares of the real estate investment trust's stock valued at $1,138,000 after purchasing an additional 800 shares during the period. Oregon Public Employees Retirement Fund raised its holdings in shares of Sabra Health Care REIT by 1.7% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 48,185 shares of the real estate investment trust's stock worth $835,000 after buying an additional 800 shares in the last quarter. Finally, Inspire Investing LLC raised its holdings in shares of Sabra Health Care REIT by 4.5% in the 4th quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust's stock worth $401,000 after buying an additional 992 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Sabra Health Care REIT Stock Performance

Shares of NASDAQ SBRA opened at $17.28 on Tuesday. The stock has a market capitalization of $4.11 billion, a PE ratio of 32.60, 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 stock has a 50 day moving average price of $17.29 and a 200 day moving average price of $17.49. 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 quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.01. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. During the same quarter last year, the firm posted $0.35 EPS. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. Analysts predict that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. JMP Securities upgraded shares of Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 target price for the company in a research report on Tuesday, January 7th. Citizens Jmp upgraded shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Finally, Truist Financial increased 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 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target 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.

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