Samalin Investment Counsel LLC Grows Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Samalin Investment Counsel LLC grew its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 11.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,257 shares of the real estate investment trust’s stock after acquiring an additional 1,437 shares during the period. Samalin Investment Counsel LLC’s holdings in Sabra Health Care REIT were worth $247,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SBRA. JPMorgan Chase & Co. raised its holdings 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 worth $183,996,000 after purchasing an additional 6,819,919 shares during the last quarter. Wellington Management Group LLP raised 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 worth $44,605,000 after acquiring an additional 2,110,307 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Sabra Health Care REIT by 324.3% in 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 purchasing an additional 1,073,530 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Sabra Health Care REIT by 95.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,816,217 shares of the real estate investment trust’s stock worth $31,457,000 after purchasing an additional 888,908 shares in the last quarter. Finally, FMR LLC raised its position in shares of Sabra Health Care REIT by 89.7% during the 3rd quarter. FMR LLC now owns 1,599,532 shares of the real estate investment trust’s stock worth $29,767,000 after purchasing an additional 756,418 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Analyst Upgrades and Downgrades

SBRA has been the subject of a number of recent research reports. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. JMP Securities raised 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 note on Tuesday, January 7th. 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. Finally, Mizuho restated a “neutral” rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

Sabra Health Care REIT Price Performance

Shares of NASDAQ SBRA opened at $17.26 on Monday. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. Sabra Health Care REIT, Inc. has a 1-year low of $13.31 and a 1-year high of $20.03. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 1.97 and a beta of 1.27. The business has a 50-day moving average of $16.79 and a 200-day moving average of $17.68.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. The company 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%. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given 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 yield of 6.95%. Sabra Health Care REIT’s payout ratio is currently 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.