Price T Rowe Associates Inc. MD Boosts Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Price T Rowe Associates Inc. MD grew its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 17.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,994 shares of the real estate investment trust's stock after acquiring an additional 23,692 shares during the period. Price T Rowe Associates Inc. MD owned about 0.07% of Sabra Health Care REIT worth $2,754,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. VSM Wealth Advisory LLC acquired a new stake in shares of Sabra Health Care REIT during the 4th quarter valued at about $26,000. Assetmark Inc. increased its position 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 buying an additional 656 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Sabra Health Care REIT during the 3rd quarter worth approximately $59,000. Jones Financial Companies Lllp lifted its position in shares of Sabra Health Care REIT by 208.3% during the 4th quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock valued at $108,000 after buying an additional 4,204 shares in the last quarter. Finally, FIL Ltd increased its holdings in 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 worth $113,000 after acquiring an additional 1,873 shares in the last quarter. Hedge funds and other institutional investors own 99.40% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upped 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 report on Tuesday, March 18th. Three investment 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $19.33.

Sabra Health Care REIT Trading Up 1.7 %

Shares of SBRA traded up $0.30 during mid-day trading on Friday, reaching $18.18. The stock had a trading volume of 3,155,497 shares, compared to its average volume of 2,155,591. 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 business's fifty day moving average is $17.39 and its 200 day moving average is $17.48. Sabra Health Care REIT, Inc. has a 52-week low of $13.87 and a 52-week high of $20.03. The firm has a market cap of $4.33 billion, a price-to-earnings ratio of 34.30, a P/E/G ratio of 1.97 and a beta of 0.88.

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, beating analysts' consensus estimates of $0.36 by $0.01. The firm 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%. The firm's quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. On average, sell-side analysts predict that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be issued a $0.30 dividend. The ex-dividend date is Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 6.60%. Sabra Health Care REIT's dividend payout ratio (DPR) is currently 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.