Wells Fargo & Company MN Has $6.06 Million Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Wells Fargo & Company MN grew its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 13.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 349,804 shares of the real estate investment trust's stock after purchasing an additional 41,227 shares during the period. Wells Fargo & Company MN owned approximately 0.15% of Sabra Health Care REIT worth $6,059,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of SBRA. Assetmark Inc. raised its holdings in shares of Sabra Health Care REIT by 33.4% in the 4th 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 during the period. Janney Montgomery Scott LLC increased its holdings in 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 purchasing an additional 763 shares during the period. Louisiana State Employees Retirement System increased its holdings in Sabra Health Care REIT by 1.2% during the 4th 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 period. Oregon Public Employees Retirement Fund lifted its stake in Sabra Health Care REIT by 1.7% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 48,185 shares of the real estate investment trust's stock worth $835,000 after purchasing an additional 800 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in Sabra Health Care REIT by 4.5% in the fourth quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust's stock valued at $401,000 after purchasing an additional 992 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company's stock.

Sabra Health Care REIT Stock Performance

Shares of SBRA stock traded down $0.05 during mid-day trading on Thursday, reaching $17.57. The stock had a trading volume of 202,372 shares, compared to its average volume of 2,127,941. The firm's 50 day simple moving average is $17.10 and its 200 day simple moving average is $17.53. The firm has a market cap of $4.18 billion, a PE ratio of 33.19, a P/E/G ratio of 1.97 and a beta of 0.93. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88. Sabra Health Care REIT, Inc. has a one year low of $13.55 and a one year high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, meeting analysts' consensus estimates of $0.36. The company had revenue of $182.35 million during the quarter, compared to analysts' expectations of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. On average, analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.83%. Sabra Health Care REIT's dividend payout ratio (DPR) is presently 226.42%.

Analyst Ratings Changes

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

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.