Asset Management One Co. Ltd. Sells 46,435 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Asset Management One Co. Ltd. lessened its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 492,569 shares of the real estate investment trust’s stock after selling 46,435 shares during the period. Asset Management One Co. Ltd. owned 0.21% of Sabra Health Care REIT worth $8,384,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SBRA. Creative Planning boosted its stake in shares of Sabra Health Care REIT by 8.9% during the 3rd quarter. Creative Planning now owns 24,284 shares of the real estate investment trust’s stock valued at $452,000 after purchasing an additional 1,992 shares in the last quarter. Venture Visionary Partners LLC bought a new stake in shares of Sabra Health Care REIT during the 3rd quarter valued at about $1,603,000. International Assets Investment Management LLC boosted its stake in shares of Sabra Health Care REIT by 1,761.0% during the 3rd 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Sabra Health Care REIT by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,985 shares of the real estate investment trust’s stock valued at $166,000 after purchasing an additional 2,318 shares in the last quarter. Finally, Custom Index Systems LLC boosted its stake in shares of Sabra Health Care REIT by 53.3% during the 3rd quarter. Custom Index Systems LLC now owns 25,220 shares of the real estate investment trust’s stock valued at $469,000 after purchasing an additional 8,768 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Down 1.0 %

Shares of Sabra Health Care REIT stock opened at $16.52 on Tuesday. 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 company has a 50-day simple moving average of $16.95 and a two-hundred day simple moving average of $17.63. Sabra Health Care REIT, Inc. has a 52-week low of $13.31 and a 52-week high of $20.03. The stock has a market capitalization of $3.91 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25.

Sabra Health Care REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 7.26%. Sabra Health Care REIT’s payout ratio is 292.69%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on SBRA shares. Truist Financial lowered shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and cut their target price for the company from $18.00 to $17.00 in a research note on Friday, January 17th. Citizens Jmp raised shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Mizuho reissued a “neutral” rating and set a $20.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Finally, JMP Securities raised shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Sabra Health Care REIT currently has an average rating of “Moderate Buy” and a consensus price target of $18.86.

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.