Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Stake Lessened by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 27.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,537 shares of the real estate investment trust’s stock after selling 2,448 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Sabra Health Care REIT were worth $111,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. increased its holdings in shares of Sabra Health Care REIT by 4.5% in the third quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust’s stock valued at $286,000 after buying an additional 655 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of Sabra Health Care REIT by 0.4% during the fourth 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 during the period. Inspire Investing LLC lifted its holdings 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 during the last quarter. Custom Index Systems LLC boosted its position in shares of Sabra Health Care REIT by 4.0% in the 4th 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 during the period. Finally, Assetmark Inc. boosted its position in shares of Sabra Health Care REIT by 168.4% in the 3rd quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,231 shares during the period. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on SBRA. 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 downgraded shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and reduced their price target for the company from $18.00 to $17.00 in a research report on Friday, January 17th. Mizuho reiterated a “neutral” rating and set a $20.00 price objective on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Finally, Citizens Jmp raised shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Sabra Health Care REIT presently has an average rating of “Moderate Buy” and an average target price of $18.86.

Sabra Health Care REIT Stock Down 1.0 %

Sabra Health Care REIT stock opened at $16.52 on Friday. Sabra Health Care REIT, Inc. has a twelve month low of $13.31 and a twelve month high of $20.03. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.16 and a current ratio of 4.16. The firm has a market cap of $3.91 billion, a PE ratio of 40.29, a P/E/G ratio of 2.02 and a beta of 1.25. The firm’s 50 day moving average price is $16.98 and its two-hundred day moving average price is $17.61.

Sabra Health Care REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.26%. The ex-dividend date of this dividend is Friday, February 14th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 292.68%.

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.