SG Americas Securities LLC Increases Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

SG Americas Securities LLC increased its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 31.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,941 shares of the real estate investment trust’s stock after buying an additional 5,204 shares during the quarter. SG Americas Securities LLC’s holdings in Sabra Health Care REIT were worth $380,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SBRA. JMP Securities raised 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. 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. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Truist Financial downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating and dropped their price target for the stock from $18.00 to $17.00 in a research report on Friday, January 17th. Finally, Scotiabank raised their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Sabra Health Care REIT currently has an average rating of “Moderate Buy” and a consensus target price of $18.86.

Sabra Health Care REIT Trading Up 1.2 %

Shares of SBRA stock opened at $16.91 on Tuesday. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 41.24, a PEG ratio of 2.01 and a beta of 1.25. The stock has a 50-day moving average of $17.33 and a 200-day moving average of $17.62. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90. Sabra Health Care REIT, Inc. has a 1-year low of $12.83 and a 1-year high of $20.03.

Sabra Health Care REIT 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.