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

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of Sabra Health Care REIT by 2.5% in the fourth quarter. Principal Financial Group Inc. now owns 22,109,683 shares of the real estate investment trust's stock worth $382,940,000 after acquiring an additional 536,247 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sabra Health Care REIT by 4.3% during the 4th quarter. JPMorgan Chase & Co. now owns 10,312,991 shares of the real estate investment trust's stock worth $178,621,000 after buying an additional 426,074 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Sabra Health Care REIT by 1.4% in the 4th quarter. Geode Capital Management LLC now owns 6,381,525 shares of the real estate investment trust's stock worth $110,550,000 after buying an additional 86,727 shares during the period. Northern Trust Corp boosted its holdings in 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 valued at $72,214,000 after acquiring an additional 905,466 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Sabra Health Care REIT by 13.0% in the fourth quarter. Bank of New York Mellon Corp now owns 4,039,651 shares of the real estate investment trust's stock valued at $69,967,000 after acquiring an additional 463,601 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on SBRA shares. 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. Scotiabank raised their price target on shares of Sabra Health Care REIT from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Monday, May 12th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Sabra Health Care REIT presently has an average rating of "Moderate Buy" and a consensus price target of $19.50.

Sabra Health Care REIT Stock Down 0.2%

Shares of SBRA stock traded down $0.03 during trading hours on Tuesday, reaching $18.07. The company had a trading volume of 2,581,659 shares, compared to its average volume of 2,185,413. The company has a market capitalization of $4.30 billion, a P/E ratio of 34.09, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. 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, Inc. has a twelve month low of $13.87 and a twelve month high of $20.03. The stock's fifty day simple moving average is $17.52 and its 200 day simple moving average is $17.41.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The company 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 business's quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.35 earnings per share. As a group, sell-side analysts expect 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 firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders 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 6.64%. The ex-dividend date of this dividend is Friday, May 16th. Sabra Health Care REIT's payout ratio is 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.