10,000 Shares in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Purchased by Autumn Glory Partners LLC

Autumn Glory Partners LLC bought a new position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,000 shares of the real estate investment trust’s stock, valued at approximately $173,000.

A number of other hedge funds also recently made changes to their positions in SBRA. Quarry LP purchased a new stake in shares of Sabra Health Care REIT in the third quarter worth about $30,000. Assetmark Inc. lifted its position in shares of Sabra Health Care REIT by 168.4% in the third quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 1,231 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Sabra Health Care REIT during the third quarter worth approximately $59,000. Harbor Capital Advisors Inc. bought a new stake in Sabra Health Care REIT during the third quarter worth approximately $78,000. Finally, International Assets Investment Management LLC increased its stake in Sabra Health Care REIT by 1,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 5,776 shares during the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Sabra Health Care REIT Stock Down 1.0 %

Shares of NASDAQ SBRA opened at $16.52 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.16 and a current ratio of 4.16. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 40.29, a PEG ratio of 2.02 and a beta of 1.25. The stock has a 50 day moving average price of $16.98 and a 200 day moving average price of $17.61. Sabra Health Care REIT, Inc. has a 52-week low of $13.31 and a 52-week high of $20.03.

Sabra Health Care REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.26%. Sabra Health Care REIT’s payout ratio is 292.69%.

Analyst Ratings Changes

Several equities research analysts have weighed in on SBRA shares. Mizuho reissued a “neutral” rating and set a $20.00 price objective on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. JMP Securities raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Tuesday, January 7th. Finally, Truist Financial cut Sabra Health Care REIT from a “buy” rating to a “hold” rating and cut their target price for the company from $18.00 to $17.00 in a research note on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.86.

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.