51,237 Shares in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Bought by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 51,237 shares of the real estate investment trust's stock, valued at approximately $887,000.

A number of other hedge funds have also recently modified their holdings of the business. Principal Financial Group Inc. lifted its stake in shares of Sabra Health Care REIT by 0.8% during the 3rd 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 in the last quarter. Barclays PLC lifted its stake in shares of Sabra Health Care REIT by 56.1% during the 3rd quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust's stock valued at $12,624,000 after buying an additional 243,895 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Sabra Health Care REIT during the 3rd quarter valued at $59,000. Franklin Resources Inc. lifted 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 worth $9,543,000 after purchasing an additional 57,551 shares in the last quarter. Finally, ORG Partners LLC lifted its stake in Sabra Health Care REIT by 2,031.8% in the 4th quarter. ORG Partners LLC now owns 25,283 shares of the real estate investment trust's stock worth $438,000 after purchasing an additional 24,097 shares in the last quarter. Institutional investors own 99.40% of the company's stock.

Sabra Health Care REIT Stock Up 1.7%

NASDAQ:SBRA traded up $0.30 during midday trading on Friday, reaching $18.18. 3,155,497 shares of the stock traded hands, compared to its average volume of 2,157,128. The business has a 50-day moving average of $17.39 and a two-hundred day moving average of $17.46. The stock has a market capitalization of $4.33 billion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. Sabra Health Care REIT, Inc. has a 12-month low of $13.87 and a 12-month 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.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $183.54 million for the quarter, compared to analyst estimates of $180.23 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.35 earnings per share. On average, equities analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date is Friday, May 16th. Sabra Health Care REIT's dividend payout ratio is presently 203.39%.

Analyst Upgrades and Downgrades

Separately, Truist Financial boosted their price target 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 issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $19.33.

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.