Kestra Investment Management LLC Sells 36,729 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Kestra Investment Management LLC cut its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 58.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,373 shares of the real estate investment trust’s stock after selling 36,729 shares during the period. Kestra Investment Management LLC’s holdings in Sabra Health Care REIT were worth $457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. lifted its stake in shares of Sabra Health Care REIT by 4.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust’s stock valued at $286,000 after acquiring an additional 655 shares during the last quarter. Janney Montgomery Scott LLC increased its holdings in Sabra Health Care REIT by 0.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust’s stock worth $3,068,000 after purchasing an additional 763 shares in the last quarter. Louisiana State Employees Retirement System raised its position in Sabra Health Care REIT by 1.2% in the fourth quarter. Louisiana State Employees Retirement System now owns 65,700 shares of the real estate investment trust’s stock valued at $1,138,000 after purchasing an additional 800 shares during the last quarter. Inspire Investing LLC boosted its stake in shares of Sabra Health Care REIT by 4.5% during the fourth quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust’s stock valued at $401,000 after purchasing an additional 992 shares in the last quarter. Finally, Custom Index Systems LLC boosted its stake in shares of Sabra Health Care REIT by 4.0% during the fourth quarter. Custom Index Systems LLC now owns 26,225 shares of the real estate investment trust’s stock valued at $454,000 after purchasing an additional 1,005 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors.

Sabra Health Care REIT Trading Up 0.5 %

NASDAQ:SBRA opened at $16.55 on Thursday. Sabra Health Care REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $20.03. The firm’s fifty day moving average is $16.90 and its 200-day moving average is $17.63. The firm has a market cap of $3.92 billion, a P/E ratio of 40.37, a P/E/G ratio of 1.99 and a beta of 1.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.16 and a current ratio of 4.16.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. Sabra Health Care REIT had a return on equity of 3.51% and a net margin of 14.20%. Equities analysts expect that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 7.25%. Sabra Health Care REIT’s payout ratio is currently 292.69%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Mizuho reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. 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 research report on Tuesday, January 7th. 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 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 report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.86.

About Sabra Health Care REIT

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.