Assetmark Inc. Acquires 656 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Assetmark Inc. lifted its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 33.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,618 shares of the real estate investment trust’s stock after buying an additional 656 shares during the quarter. Assetmark Inc.’s holdings in Sabra Health Care REIT were worth $45,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP purchased a new position in Sabra Health Care REIT during the 3rd quarter valued at about $30,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sabra Health Care REIT in the third quarter worth $59,000. Jones Financial Companies Lllp raised its position in shares of Sabra Health Care REIT by 208.3% in the fourth quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 4,204 shares in the last quarter. Autumn Glory Partners LLC bought a new stake in Sabra Health Care REIT during the fourth quarter valued at $173,000. Finally, Ashton Thomas Private Wealth LLC grew its position in Sabra Health Care REIT by 835.7% during the third quarter. Ashton Thomas Private Wealth LLC now owns 10,293 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 9,193 shares in the last quarter. 99.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

SBRA has been the subject of a number of research analyst reports. Truist Financial downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating and dropped 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 issued a $20.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, JMP Securities upgraded 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 report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.17.

Sabra Health Care REIT Price Performance

SBRA opened at $17.30 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. The stock has a market capitalization of $4.12 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. The stock’s 50 day moving average price is $16.72 and its 200-day moving average price is $17.66. Sabra Health Care REIT, Inc. has a 52-week low of $13.31 and a 52-week high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (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 business had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. On average, equities research analysts predict that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The company also recently announced 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 6.94%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT’s payout ratio is presently 226.42%.

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.