Corient Private Wealth LLC Sells 3,940 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Corient Private Wealth LLC reduced its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 22.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,860 shares of the real estate investment trust’s stock after selling 3,940 shares during the quarter. Corient Private Wealth LLC’s holdings in Sabra Health Care REIT were worth $240,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SBRA. JPMorgan Chase & Co. boosted its holdings in shares of Sabra Health Care REIT by 222.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust’s stock worth $183,996,000 after purchasing an additional 6,819,919 shares during the period. Wellington Management Group LLP lifted its position in Sabra Health Care REIT by 736.5% in the third quarter. Wellington Management Group LLP now owns 2,396,835 shares of the real estate investment trust’s stock worth $44,605,000 after buying an additional 2,110,307 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Sabra Health Care REIT by 324.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,404,576 shares of the real estate investment trust’s stock worth $26,139,000 after buying an additional 1,073,530 shares during the period. FMR LLC increased its position in Sabra Health Care REIT by 89.7% during the third quarter. FMR LLC now owns 1,599,532 shares of the real estate investment trust’s stock valued at $29,767,000 after acquiring an additional 756,418 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Sabra Health Care REIT by 2.5% in the fourth quarter. Principal Financial Group Inc. now owns 22,109,683 shares of the real estate investment trust’s stock valued at $382,940,000 after acquiring an additional 536,247 shares during the period. 99.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently 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 target for the company in a research note on Tuesday, January 7th. Truist Financial boosted their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Tuesday, March 18th. Mizuho reaffirmed a “neutral” rating and set a $20.00 target price on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Finally, Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sabra Health Care REIT presently has an average rating of “Moderate Buy” and an average price target of $19.33.

Sabra Health Care REIT Trading Down 0.4 %

Shares of SBRA opened at $17.47 on Tuesday. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 32.96, 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 1-year low of $13.31 and a 1-year high of $20.03. The company has a 50-day moving average of $16.84 and a 200 day moving average of $17.67.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The firm had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. On average, research analysts expect 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. Shareholders of record on Friday, February 14th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.87%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT’s dividend payout ratio is 226.42%.

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.