Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Bought by Systematic Financial Management LP

Systematic Financial Management LP increased its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,391,104 shares of the real estate investment trust's stock after purchasing an additional 98,631 shares during the quarter. Sabra Health Care REIT accounts for 1.1% of Systematic Financial Management LP's holdings, making the stock its 20th largest holding. Systematic Financial Management LP owned about 1.01% of Sabra Health Care REIT worth $41,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of SBRA. Assetmark Inc. lifted its holdings in 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 buying an additional 656 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of Sabra Health Care REIT by 0.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust's stock worth $3,068,000 after acquiring an additional 763 shares in the last quarter. Focus Partners Wealth lifted its stake in Sabra Health Care REIT by 4.0% during the fourth quarter. Focus Partners Wealth now owns 20,771 shares of the real estate investment trust's stock worth $360,000 after purchasing an additional 797 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Sabra Health Care REIT by 1.2% during the fourth quarter. Louisiana State Employees Retirement System now owns 65,700 shares of the real estate investment trust's stock worth $1,138,000 after purchasing an additional 800 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its holdings in Sabra Health Care REIT by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 48,185 shares of the real estate investment trust's stock valued at $835,000 after purchasing an additional 800 shares in the last quarter. Hedge funds and other institutional investors own 99.40% of the company's stock.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Scotiabank raised their price objective on shares of Sabra Health Care REIT from $18.00 to $19.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Truist Financial lifted 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 analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $19.50.

Sabra Health Care REIT Stock Performance

Shares of SBRA traded down $0.09 during mid-day trading on Thursday, reaching $17.20. 744,611 shares of the company's stock were exchanged, compared to its average volume of 2,379,715. The business's fifty day simple moving average is $17.54 and its 200-day simple moving average is $17.41. The stock has a market capitalization of $4.09 billion, a PE ratio of 32.44, 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 company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16.

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

Sabra Health Care REIT Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a yield of 6.98%. Sabra Health Care REIT's payout ratio is 203.39%.

Sabra Health Care REIT 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.