Edgestream Partners L.P. Buys Shares of 149,700 Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Edgestream Partners L.P. bought a new stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 149,700 shares of the real estate investment trust’s stock, valued at approximately $2,593,000.

Other large investors also recently bought and sold shares of the company. Quarry LP acquired a new stake in shares of Sabra Health Care REIT during the third quarter valued at $30,000. Assetmark Inc. boosted its stake in shares of 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 valued at $37,000 after acquiring an additional 1,231 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Sabra Health Care REIT during the third quarter valued at $59,000. Jones Financial Companies Lllp boosted its stake 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 valued at $108,000 after acquiring an additional 4,204 shares during the last quarter. Finally, Autumn Glory Partners LLC acquired a new stake in shares of Sabra Health Care REIT during the fourth quarter valued at $173,000. Institutional investors and hedge funds own 99.40% of the company’s stock.

Wall Street Analysts Forecast Growth

SBRA has been the topic of a number of analyst reports. JMP Securities raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Tuesday, January 7th. Mizuho reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Truist Financial lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating and decreased their price objective for the company from $18.00 to $17.00 in a research note on Friday, January 17th. Finally, Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.17.

Sabra Health Care REIT Stock Performance

NASDAQ SBRA opened at $16.86 on Monday. The business’s 50-day moving average price is $16.75 and its 200 day moving average price is $17.65. Sabra Health Care REIT, Inc. has a twelve month low of $13.31 and a twelve month high of $20.03. The company has a market capitalization of $4.01 billion, a PE ratio of 31.81, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA) last released 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. The firm had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. On average, research analysts predict that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.30 dividend. The ex-dividend date of this dividend 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 dividend payout ratio (DPR) is 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.