Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Bought by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC increased its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 3.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,914 shares of the real estate investment trust’s stock after purchasing an additional 3,576 shares during the quarter. Jackson Creek Investment Advisors LLC’s holdings in Sabra Health Care REIT were worth $1,679,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Quarry LP bought a new position in shares of Sabra Health Care REIT in the third quarter valued at $30,000. Assetmark Inc. boosted its stake in shares of Sabra Health Care REIT by 168.4% during the 3rd 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Sabra Health Care REIT in the 3rd quarter worth $59,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Sabra Health Care REIT during the third quarter worth $78,000. Finally, International Assets Investment Management LLC lifted its holdings in shares of Sabra Health Care REIT by 1,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 5,776 shares during the last quarter. 99.40% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Mizuho reissued a “neutral” rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Truist Financial cut shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and decreased their target price for the stock from $18.00 to $17.00 in a report on Friday, January 17th. 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, 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. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.17.

Sabra Health Care REIT Price Performance

Shares of SBRA opened at $16.57 on Friday. The business’s 50-day moving average is $16.77 and its 200-day moving average is $17.63. 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 company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 31.26, a P/E/G ratio of 1.97 and a beta of 1.27. Sabra Health Care REIT, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, meeting 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 firm had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. Equities research analysts expect that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.24%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 226.42%.

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.