Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Purchased by First Trust Advisors LP

First Trust Advisors LP raised its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 23.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 500,691 shares of the real estate investment trust’s stock after acquiring an additional 94,673 shares during the quarter. First Trust Advisors LP’s holdings in Sabra Health Care REIT were worth $8,672,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SBRA. JPMorgan Chase & Co. raised its holdings in shares of Sabra Health Care REIT by 222.4% in the third quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust’s stock worth $183,996,000 after acquiring an additional 6,819,919 shares during the last quarter. Norges Bank acquired a new position in shares of Sabra Health Care REIT in the fourth quarter worth $48,950,000. Thrivent Financial for Lutherans raised its holdings in shares of Sabra Health Care REIT by 95.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,816,217 shares of the real estate investment trust’s stock worth $31,457,000 after acquiring an additional 888,908 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of Sabra Health Care REIT by 33.7% in the fourth quarter. Wellington Management Group LLP now owns 3,205,042 shares of the real estate investment trust’s stock worth $55,511,000 after acquiring an additional 808,207 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Sabra Health Care REIT by 109.4% in the fourth quarter. Barclays PLC now owns 1,420,356 shares of the real estate investment trust’s stock worth $24,601,000 after acquiring an additional 741,959 shares during the last quarter. 99.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JMP Securities upgraded Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Tuesday, January 7th. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Truist Financial upped their target price on 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 analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.33.

Sabra Health Care REIT Trading Up 0.5 %

NASDAQ SBRA opened at $17.50 on Tuesday. Sabra Health Care REIT, Inc. has a one year low of $13.82 and a one year high of $20.03. The company’s 50 day moving average price is $17.16 and its 200 day moving average price is $17.51. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 33.02, a PEG ratio of 1.97 and a beta of 0.93.

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

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.86%. Sabra Health Care REIT’s dividend payout ratio is currently 226.42%.

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.