Janney Montgomery Scott LLC Has $3.07 Million Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Janney Montgomery Scott LLC raised its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 0.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,161 shares of the real estate investment trust’s stock after buying an additional 763 shares during the quarter. Janney Montgomery Scott LLC owned 0.07% of Sabra Health Care REIT worth $3,068,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Sabra Health Care REIT in the third quarter valued at about $30,000. Assetmark Inc. boosted its holdings in Sabra Health Care REIT by 168.4% in the 3rd quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,231 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Sabra Health Care REIT during the 3rd quarter worth approximately $59,000. Harbor Capital Advisors Inc. acquired a new position in shares of Sabra Health Care REIT during the 3rd quarter worth approximately $78,000. Finally, GAMMA Investing LLC increased its holdings in shares of Sabra Health Care REIT by 25.3% during the third quarter. GAMMA Investing LLC now owns 4,614 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 932 shares during the period. 99.40% of the stock is owned by institutional investors and hedge funds.

Sabra Health Care REIT Trading Down 0.3 %

NASDAQ:SBRA opened at $16.71 on Friday. The firm has a fifty day simple moving average of $17.36 and a two-hundred day simple moving average of $17.61. Sabra Health Care REIT, Inc. has a 12 month low of $12.83 and a 12 month high of $20.03. The stock has a market capitalization of $3.95 billion, a price-to-earnings ratio of 40.76, a PEG ratio of 2.00 and a beta of 1.26. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The business had revenue of $178.00 million for the quarter, compared to the consensus estimate of $177.19 million. Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. During the same quarter last year, the firm posted $0.34 EPS. Analysts expect that Sabra Health Care REIT, Inc. will post 1.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. JMP Securities upgraded 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. Scotiabank lifted their price target on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. 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. Truist Financial lowered shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and cut their price target for the stock from $18.00 to $17.00 in a report on Friday, January 17th. Finally, Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.86.

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.