16,676 Shares in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Bought by Asset Planning Inc

Asset Planning Inc bought a new position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,676 shares of the real estate investment trust’s stock, valued at approximately $289,000.

Other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its position in Sabra Health Care REIT by 222.4% during the third quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust’s stock valued at $183,996,000 after buying an additional 6,819,919 shares during the period. Wellington Management Group LLP grew its position in Sabra Health Care REIT by 736.5% during the third quarter. Wellington Management Group LLP now owns 2,396,835 shares of the real estate investment trust’s stock valued at $44,605,000 after buying an additional 2,110,307 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Sabra Health Care REIT by 324.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,404,576 shares of the real estate investment trust’s stock valued at $26,139,000 after buying an additional 1,073,530 shares during the period. Thrivent Financial for Lutherans grew its position in Sabra Health Care REIT by 1,557.9% during the third quarter. Thrivent Financial for Lutherans now owns 927,309 shares of the real estate investment trust’s stock valued at $17,258,000 after buying an additional 871,375 shares during the period. Finally, FMR LLC grew its position in shares of Sabra Health Care REIT by 89.7% in the third quarter. FMR LLC now owns 1,599,532 shares of the real estate investment trust’s stock valued at $29,767,000 after purchasing an additional 756,418 shares during the period. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Analyst Upgrades and Downgrades

SBRA has been the topic of several research analyst reports. Truist Financial lowered shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and dropped their target price for the company from $18.00 to $17.00 in a research report on Friday, January 17th. Mizuho reiterated a “neutral” rating and issued a $20.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Citizens Jmp upgraded shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, JMP Securities upgraded 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 investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.86.

Sabra Health Care REIT Price Performance

Sabra Health Care REIT stock opened at $16.68 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 company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 40.68, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. The company’s 50 day simple moving average is $17.01 and its 200-day simple moving average is $17.61. Sabra Health Care REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $20.03.

Sabra Health Care REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 7.19%. Sabra Health Care REIT’s dividend payout ratio (DPR) is 292.69%.

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.