Gallagher Fiduciary Advisors LLC Has $422,000 Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Gallagher Fiduciary Advisors LLC grew its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 19.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,375 shares of the real estate investment trust’s stock after buying an additional 3,898 shares during the quarter. Gallagher Fiduciary Advisors LLC’s holdings in Sabra Health Care REIT were worth $422,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in SBRA. VSM Wealth Advisory LLC bought a new position in shares of Sabra Health Care REIT during the 4th quarter worth approximately $26,000. Assetmark Inc. grew its position in Sabra Health Care REIT by 33.4% in the fourth quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 656 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Sabra Health Care REIT during the 3rd quarter worth about $59,000. Jones Financial Companies Lllp boosted its stake in shares of 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 holdings in shares of Sabra Health Care REIT by 40.4% in the 4th quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust’s stock valued at $113,000 after acquiring an additional 1,873 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Truist Financial raised 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 research note on Tuesday, March 18th. Finally, JMP Securities raised shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Tuesday, January 7th. Three equities research 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 a consensus rating of “Moderate Buy” and an average price target of $19.33.

Sabra Health Care REIT Stock Down 1.1 %

SBRA stock opened at $17.42 on Friday. Sabra Health Care REIT, Inc. has a 1-year low of $13.87 and a 1-year high of $20.03. The business’s 50 day simple moving average is $17.27 and its 200 day simple moving average is $17.51. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $4.14 billion, a PE ratio of 32.87, a PEG ratio of 1.97 and a beta of 0.93.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. As a group, research analysts anticipate 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 issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT’s dividend payout ratio is presently 226.42%.

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.