Schonfeld Strategic Advisors LLC Trims Stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Schonfeld Strategic Advisors LLC lessened its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 80.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 137,405 shares of the real estate investment trust's stock after selling 551,475 shares during the quarter. Schonfeld Strategic Advisors LLC owned about 0.06% of Sabra Health Care REIT worth $2,380,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SBRA. AQR Capital Management LLC grew its stake in shares of Sabra Health Care REIT by 5.3% in the 4th quarter. AQR Capital Management LLC now owns 1,222,858 shares of the real estate investment trust's stock worth $21,009,000 after buying an additional 61,217 shares during the last quarter. Northern Trust Corp grew its stake in shares of Sabra Health Care REIT by 27.7% in the fourth quarter. Northern Trust Corp now owns 4,169,385 shares of the real estate investment trust's stock worth $72,214,000 after acquiring an additional 905,466 shares during the last quarter. Hancock Whitney Corp increased its holdings in shares of Sabra Health Care REIT by 5.8% during the fourth quarter. Hancock Whitney Corp now owns 206,035 shares of the real estate investment trust's stock valued at $3,569,000 after acquiring an additional 11,216 shares in the last quarter. Voya Investment Management LLC raised its position in shares of Sabra Health Care REIT by 56.7% in the 4th quarter. Voya Investment Management LLC now owns 372,593 shares of the real estate investment trust's stock worth $6,453,000 after purchasing an additional 134,779 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Sabra Health Care REIT by 17.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 158,994 shares of the real estate investment trust's stock worth $2,754,000 after purchasing an additional 23,692 shares during the last quarter. Institutional investors own 99.40% of the company's stock.

Sabra Health Care REIT Stock Performance

NASDAQ:SBRA traded up $0.30 during mid-day trading on Friday, reaching $18.18. The company's stock had a trading volume of 3,155,497 shares, compared to its average volume of 2,157,128. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. The stock has a market cap of $4.33 billion, a P/E ratio of 34.30, a PEG ratio of 1.97 and a beta of 0.88. The firm's fifty day moving average price is $17.39 and its two-hundred day moving average price is $17.47. Sabra Health Care REIT, Inc. has a 12-month low of $13.87 and a 12-month high of $20.03.

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, beating 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%. The firm had revenue of $183.54 million during the quarter, compared to analysts' expectations of $180.23 million. During the same period in the previous year, the company earned $0.35 earnings per share. The firm's quarterly revenue was up 10.1% on a year-over-year basis. On average, equities analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The company 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. This represents a $1.20 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend is Friday, May 16th. Sabra Health Care REIT's payout ratio is currently 203.39%.

Analyst Upgrades and Downgrades

Separately, Truist Financial raised their price objective on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a research note on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average 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.