First Trust Advisors LP Grows Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

First Trust Advisors LP increased its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 23.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 500,691 shares of the real estate investment trust’s stock after buying an additional 94,673 shares during the quarter. First Trust Advisors LP owned about 0.21% of Sabra Health Care REIT worth $8,672,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new position in Sabra Health Care REIT during the 4th quarter worth approximately $26,000. Assetmark Inc. grew its stake 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. Wilmington Savings Fund Society FSB purchased a new position in Sabra Health Care REIT during the 3rd quarter worth approximately $59,000. Jones Financial Companies Lllp grew its stake in Sabra Health Care REIT by 208.3% during the 4th quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 4,204 shares during the last quarter. Finally, FIL Ltd grew its stake in Sabra Health Care REIT by 40.4% during the 4th quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust’s stock worth $113,000 after buying an additional 1,873 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Wall Street Analyst Weigh In

SBRA has been the topic of several analyst reports. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Truist Financial lifted 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. Finally, JMP Securities upgraded 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. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.33.

Sabra Health Care REIT Stock Up 0.5 %

Sabra Health Care REIT stock opened at $17.50 on Tuesday. 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, Inc. has a 1-year low of $13.82 and a 1-year high of $20.03. The company has a market cap of $4.16 billion, a PE ratio of 33.02, a price-to-earnings-growth ratio of 1.97 and a beta of 0.93. The stock’s 50 day moving average price is $17.16 and its 200 day moving average price is $17.51.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. The firm had revenue of $182.35 million for the quarter, compared to the consensus estimate 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, sell-side analysts predict that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Announces Dividend

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

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.