New Age Alpha Advisors LLC Invests $674,000 in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

New Age Alpha Advisors LLC acquired a new stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 38,892 shares of the real estate investment trust’s stock, valued at approximately $674,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. VSM Wealth Advisory LLC bought a new stake in shares of Sabra Health Care REIT in the 4th quarter valued at approximately $26,000. Quarry LP bought a new stake in Sabra Health Care REIT during the third quarter valued at $30,000. Assetmark Inc. raised its holdings in shares of Sabra Health Care REIT by 33.4% during the fourth quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 656 shares during the period. Wilmington Savings Fund Society FSB bought a new position in shares of Sabra Health Care REIT in the 3rd quarter worth about $59,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Sabra Health Care REIT by 208.3% in the 4th quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 4,204 shares during the period. Institutional investors and hedge funds own 99.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. JMP Securities raised shares of 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 report on Tuesday, January 7th. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Mizuho restated a “neutral” rating and set a $20.00 price objective on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Finally, Truist Financial increased their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, March 18th. Three investment 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. According to MarketBeat.com, Sabra Health Care REIT presently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

Sabra Health Care REIT Trading Down 0.4 %

Shares of SBRA stock opened at $17.47 on Tuesday. Sabra Health Care REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $20.03. The firm has a market capitalization of $4.16 billion, a PE ratio of 32.96, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. The stock has a fifty day moving average of $16.84 and a two-hundred day moving average of $17.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. The business had revenue of $182.35 million during the quarter, compared to the consensus estimate 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 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors 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 6.87%. 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.