Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Purchased by AlphaQuest LLC

AlphaQuest LLC boosted its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 2,375.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 35,371 shares of the real estate investment trust’s stock after buying an additional 33,942 shares during the quarter. AlphaQuest LLC’s holdings in Sabra Health Care REIT were worth $613,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Edgestream Partners L.P. acquired a new position in Sabra Health Care REIT in the fourth quarter valued at $2,593,000. Jackson Creek Investment Advisors LLC increased its stake in Sabra Health Care REIT by 3.8% during the fourth quarter. Jackson Creek Investment Advisors LLC now owns 96,914 shares of the real estate investment trust’s stock worth $1,679,000 after acquiring an additional 3,576 shares during the last quarter. Inceptionr LLC increased its stake in Sabra Health Care REIT by 15.3% during the fourth quarter. Inceptionr LLC now owns 30,210 shares of the real estate investment trust’s stock worth $523,000 after acquiring an additional 4,011 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Sabra Health Care REIT during the fourth quarter worth about $887,000. Finally, Arizona State Retirement System increased its stake in Sabra Health Care REIT by 1.9% during the fourth quarter. Arizona State Retirement System now owns 67,951 shares of the real estate investment trust’s stock worth $1,177,000 after acquiring an additional 1,293 shares during the last quarter. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on SBRA shares. JMP Securities upgraded Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research note on Tuesday, January 7th. Truist Financial lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating and dropped their price target for the stock from $18.00 to $17.00 in a research note on Friday, January 17th. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Mizuho restated a “neutral” rating and set a $20.00 price target on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.17.

Sabra Health Care REIT Price Performance

Shares of NASDAQ SBRA opened at $16.62 on Wednesday. Sabra Health Care REIT, Inc. has a 1-year low of $13.31 and a 1-year high of $20.03. The business has a 50-day moving average of $16.74 and a 200-day moving average of $17.66. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 31.36, a PEG ratio of 1.97 and a beta of 1.27.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its earnings results 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. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The company had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. On average, equities analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.22%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT’s dividend payout ratio is currently 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.