Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 59,983 shares of the real estate investment trust’s stock after acquiring an additional 2,879 shares during the quarter. QRG Capital Management Inc.’s holdings in Sabra Health Care REIT were worth $1,039,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Geode Capital Management LLC boosted its position in Sabra Health Care REIT by 1.7% during the third quarter. Geode Capital Management LLC now owns 6,294,798 shares of the real estate investment trust’s stock worth $117,165,000 after purchasing an additional 104,533 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Sabra Health Care REIT by 222.4% in the third quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust’s stock valued at $183,996,000 after buying an additional 6,819,919 shares in the last quarter. Vestcor Inc raised its stake in shares of Sabra Health Care REIT by 62.5% during the 3rd quarter. Vestcor Inc now owns 207,918 shares of the real estate investment trust’s stock worth $3,869,000 after buying an additional 79,956 shares during the last quarter. Barclays PLC boosted its position in shares of Sabra Health Care REIT by 56.1% in the 3rd quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust’s stock worth $12,624,000 after buying an additional 243,895 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in Sabra Health Care REIT by 12.3% in the 3rd quarter. Franklin Resources Inc. now owns 524,917 shares of the real estate investment trust’s stock valued at $9,543,000 after acquiring an additional 57,551 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Performance

NASDAQ:SBRA opened at $16.81 on Tuesday. 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 firm has a market cap of $4.00 billion, a PE ratio of 31.72, a P/E/G ratio of 1.97 and a beta of 1.25. The firm has a 50 day simple moving average of $16.77 and a 200-day simple moving average of $17.63. Sabra Health Care REIT, Inc. has a 1-year low of $13.31 and a 1-year high of $20.03.

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, meeting 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 expect that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 7.14%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 226.42%.

Wall Street Analyst Weigh In

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

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.