Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Sold by Vestcor Inc

Vestcor Inc lowered its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 191,271 shares of the real estate investment trust’s stock after selling 16,647 shares during the period. Vestcor Inc’s holdings in Sabra Health Care REIT were worth $3,313,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in Sabra Health Care REIT during the third quarter worth about $30,000. Assetmark Inc. raised its position in Sabra Health Care REIT by 168.4% during the third quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,231 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Sabra Health Care REIT during the third quarter worth about $59,000. Jones Financial Companies Lllp grew its holdings in shares of Sabra Health Care REIT by 208.3% during the fourth 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 in the last quarter. Finally, Autumn Glory Partners LLC purchased a new stake in shares of Sabra Health Care REIT during the fourth quarter worth about $173,000. Institutional investors and hedge funds own 99.40% of the company’s stock.

Sabra Health Care REIT Trading Up 1.6 %

Shares of SBRA stock opened at $16.86 on Friday. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 31.81, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88. Sabra Health Care REIT, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $20.03. The firm’s 50 day moving average price is $16.73 and its two-hundred day moving average price is $17.65.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The business had revenue of $182.35 million for the quarter, compared to analysts’ expectations of $178.01 million. On average, 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 announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given 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 7.12%. Sabra Health Care REIT’s payout ratio is currently 226.42%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SBRA. 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 for the company in a report on Tuesday, January 7th. Mizuho restated a “neutral” rating and issued a $20.00 target price on shares of Sabra Health Care REIT in a 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 report on Tuesday, January 7th. Finally, Truist Financial downgraded shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and lowered their target price for the company from $18.00 to $17.00 in a report on Friday, January 17th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.17.

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.