Commonwealth Equity Services LLC Boosts Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Commonwealth Equity Services LLC grew its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 59.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 109,997 shares of the real estate investment trust’s stock after buying an additional 41,128 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Sabra Health Care REIT were worth $1,905,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SBRA. Principal Financial Group Inc. lifted its stake in Sabra Health Care REIT by 2.5% during the fourth quarter. Principal Financial Group Inc. now owns 22,109,683 shares of the real estate investment trust’s stock worth $382,940,000 after purchasing an additional 536,247 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Sabra Health Care REIT by 222.4% in the third quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust’s stock worth $183,996,000 after acquiring an additional 6,819,919 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Sabra Health Care REIT by 1.7% in the third quarter. Geode Capital Management LLC now owns 6,294,798 shares of the real estate investment trust’s stock worth $117,165,000 after acquiring an additional 104,533 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Sabra Health Care REIT by 13.0% in the fourth quarter. Bank of New York Mellon Corp now owns 4,039,651 shares of the real estate investment trust’s stock valued at $69,967,000 after acquiring an additional 463,601 shares during the period. Finally, Wellington Management Group LLP grew its holdings in shares of Sabra Health Care REIT by 736.5% during the third quarter. Wellington Management Group LLP now owns 2,396,835 shares of the real estate investment trust’s stock valued at $44,605,000 after purchasing an additional 2,110,307 shares during the last quarter. 99.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on SBRA. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. JMP Securities upgraded 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 research report on Tuesday, January 7th. Truist Financial lifted their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a report on Tuesday, March 18th. Finally, Mizuho reiterated 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. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Sabra Health Care REIT has a consensus rating of “Moderate Buy” and an average price target of $19.33.

Sabra Health Care REIT Price Performance

Shares of NASDAQ:SBRA opened at $17.54 on Friday. The stock has a market cap of $4.17 billion, a price-to-earnings ratio of 33.09, a PEG ratio of 1.97 and a beta of 1.27. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. Sabra Health Care REIT, Inc. has a 12 month low of $13.31 and a 12 month high of $20.03. The stock’s 50 day moving average price is $16.83 and its 200 day moving average price is $17.68.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The company had revenue of $182.35 million for the quarter, compared to the consensus estimate of $178.01 million. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT’s payout ratio is 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.