Bright Futures Wealth Management LLC. Cuts Stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Bright Futures Wealth Management LLC. reduced its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 70.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,314 shares of the real estate investment trust’s stock after selling 24,762 shares during the period. Bright Futures Wealth Management LLC.’s holdings in Sabra Health Care REIT were worth $171,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SBRA. JPMorgan Chase & Co. increased its stake in Sabra Health Care REIT by 222.4% during 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 buying an additional 6,819,919 shares during the period. Wellington Management Group LLP increased its position in shares of Sabra Health Care REIT by 736.5% in the 3rd 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Sabra Health Care REIT by 324.3% in the 3rd 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 valued at $26,139,000 after purchasing an additional 1,073,530 shares during the last quarter. Thrivent Financial for Lutherans increased its position in shares of Sabra Health Care REIT by 1,557.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 927,309 shares of the real estate investment trust’s stock valued at $17,258,000 after purchasing an additional 871,375 shares during the last quarter. Finally, FMR LLC increased its position in shares of Sabra Health Care REIT by 89.7% in the 3rd quarter. FMR LLC now owns 1,599,532 shares of the real estate investment trust’s stock valued at $29,767,000 after purchasing an additional 756,418 shares during the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.

Sabra Health Care REIT Trading Up 3.6 %

Shares of Sabra Health Care REIT stock opened at $16.68 on Friday. The company has a fifty day simple moving average of $17.01 and a 200-day simple moving average of $17.61. Sabra Health Care REIT, Inc. has a 12-month low of $13.31 and a 12-month high of $20.03. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 2.02 and a beta of 1.25.

Sabra Health Care REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.19%. The ex-dividend date of this dividend is Friday, February 14th. Sabra Health Care REIT’s payout ratio is 292.69%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Mizuho reissued a “neutral” rating and issued a $20.00 price objective on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. JMP Securities raised shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research report on Tuesday, January 7th. Citizens Jmp raised shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Truist Financial downgraded shares of 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 research report on Friday, January 17th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Sabra Health Care REIT currently has a consensus rating of “Moderate Buy” and an average price target of $18.86.

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.