Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Stake Raised by Voya Investment Management LLC

Voya Investment Management LLC raised its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 56.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 372,593 shares of the real estate investment trust's stock after buying an additional 134,779 shares during the quarter. Voya Investment Management LLC owned approximately 0.16% of Sabra Health Care REIT worth $6,453,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. VSM Wealth Advisory LLC purchased a new position in Sabra Health Care REIT during the fourth quarter worth about $26,000. Assetmark Inc. grew its holdings in shares of Sabra Health Care REIT by 33.4% in the fourth quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 656 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sabra Health Care REIT during the third quarter worth $59,000. Jones Financial Companies Lllp raised its stake in shares of Sabra Health Care REIT by 208.3% in the fourth quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock valued at $108,000 after acquiring an additional 4,204 shares in the last quarter. Finally, FIL Ltd boosted its stake in shares of Sabra Health Care REIT by 40.4% in the 4th quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust's stock valued at $113,000 after buying an additional 1,873 shares during the period. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Citizens Jmp raised Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 7th. Truist Financial raised their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a report on Tuesday, March 18th. Finally, JMP Securities raised shares of Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 target price on the stock in a report on Tuesday, January 7th. Three 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $19.33.

Sabra Health Care REIT Price Performance

Sabra Health Care REIT stock traded down $0.17 during midday trading on Monday, reaching $17.26. The company's stock had a trading volume of 578,550 shares, compared to its average volume of 2,140,372. The firm has a market capitalization of $4.11 billion, a PE ratio of 32.58, a P/E/G ratio of 1.97 and a beta of 0.88. Sabra Health Care REIT, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $20.03. The stock's 50 day simple moving average is $17.27 and its 200 day simple moving average is $17.50. 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 earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.36. The company had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. On average, equities research analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

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.