Mercer Global Advisors Inc. ADV Sells 3,798 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Mercer Global Advisors Inc. ADV reduced its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 8.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,915 shares of the real estate investment trust’s stock after selling 3,798 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Sabra Health Care REIT were worth $709,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. AQR Capital Management LLC boosted its holdings in shares of Sabra Health Care REIT by 5.3% during the 4th quarter. AQR Capital Management LLC now owns 1,222,858 shares of the real estate investment trust’s stock worth $21,009,000 after buying an additional 61,217 shares during the period. Northern Trust Corp boosted its holdings in shares of Sabra Health Care REIT by 27.7% during the 4th quarter. Northern Trust Corp now owns 4,169,385 shares of the real estate investment trust’s stock worth $72,214,000 after buying an additional 905,466 shares during the period. Hancock Whitney Corp boosted its holdings in shares of Sabra Health Care REIT by 5.8% during the 4th quarter. Hancock Whitney Corp now owns 206,035 shares of the real estate investment trust’s stock worth $3,569,000 after buying an additional 11,216 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Sabra Health Care REIT by 56.7% during the 4th quarter. Voya Investment Management LLC now owns 372,593 shares of the real estate investment trust’s stock worth $6,453,000 after buying an additional 134,779 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Sabra Health Care REIT by 17.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 158,994 shares of the real estate investment trust’s stock worth $2,754,000 after buying an additional 23,692 shares during the period. 99.40% of the stock is owned by institutional investors.

Sabra Health Care REIT Price Performance

Shares of Sabra Health Care REIT stock opened at $18.18 on Monday. 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 fifty-two week low of $13.87 and a fifty-two week high of $20.03. The firm has a fifty day moving average price of $17.39 and a two-hundred day moving average price of $17.46. The company has a market cap of $4.33 billion, a PE ratio of 34.30, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.01. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The firm had revenue of $183.54 million during the quarter, compared to the consensus estimate of $180.23 million. During the same period in the prior year, the firm earned $0.35 EPS. The business’s revenue was up 10.1% on a year-over-year basis. Analysts expect that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date is Friday, May 16th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 203.39%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upped their price objective on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, March 18th. Three 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. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.33.

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.