Rhumbline Advisers Buys 17,823 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Rhumbline Advisers increased its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 2.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 851,478 shares of the real estate investment trust’s stock after purchasing an additional 17,823 shares during the quarter. Rhumbline Advisers owned 0.36% of Sabra Health Care REIT worth $14,748,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SBRA. Autumn Glory Partners LLC purchased a new position in Sabra Health Care REIT during the 4th quarter valued at $173,000. New York State Teachers Retirement System boosted its holdings in Sabra Health Care REIT by 2.3% during the 4th quarter. New York State Teachers Retirement System now owns 287,056 shares of the real estate investment trust’s stock valued at $4,972,000 after acquiring an additional 6,574 shares during the period. Asset Planning Inc purchased a new position in Sabra Health Care REIT during the 4th quarter valued at $289,000. Van ECK Associates Corp boosted its holdings in Sabra Health Care REIT by 12.6% during the 4th quarter. Van ECK Associates Corp now owns 44,797 shares of the real estate investment trust’s stock valued at $776,000 after acquiring an additional 5,025 shares during the period. Finally, Louisiana State Employees Retirement System boosted its holdings in Sabra Health Care REIT by 1.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 65,700 shares of the real estate investment trust’s stock valued at $1,138,000 after acquiring an additional 800 shares during the period. Institutional investors own 99.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on SBRA shares. Truist Financial cut Sabra Health Care REIT from a “buy” rating to a “hold” rating and dropped their price objective for the company from $18.00 to $17.00 in a report on Friday, January 17th. JMP Securities upgraded 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. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, Mizuho reiterated a “neutral” rating and issued 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, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sabra Health Care REIT has a consensus rating of “Moderate Buy” and an average price target of $18.86.

Sabra Health Care REIT Trading Down 3.1 %

SBRA opened at $15.89 on Friday. The firm has a market cap of $3.78 billion, a price-to-earnings ratio of 29.98, a PEG ratio of 1.97 and a beta of 1.25. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. Sabra Health Care REIT, Inc. has a 12 month low of $13.31 and a 12 month high of $20.03. The stock has a fifty day moving average price of $16.85 and a 200-day moving average price of $17.62.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $182.35 million during the quarter, compared to analyst estimates of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. As a group, equities research analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

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 given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.55%. The ex-dividend date is Friday, February 14th. Sabra Health Care REIT’s payout ratio is 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.