Caisse Des Depots ET Consignations Makes New $578,000 Investment in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Caisse Des Depots ET Consignations purchased a new stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 33,391 shares of the real estate investment trust’s stock, valued at approximately $578,000.

A number of other institutional investors have also recently modified their holdings of SBRA. JPMorgan Chase & Co. lifted its stake in shares of 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 valued at $183,996,000 after purchasing an additional 6,819,919 shares during the period. Wellington Management Group LLP increased its holdings 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 valued at $44,605,000 after buying an additional 2,110,307 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Sabra Health Care REIT by 324.3% during 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 acquiring an additional 1,073,530 shares during the period. Thrivent Financial for Lutherans grew its holdings in shares of Sabra Health Care REIT by 95.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,816,217 shares of the real estate investment trust’s stock worth $31,457,000 after acquiring an additional 888,908 shares during the period. Finally, FMR LLC grew its holdings 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 worth $29,767,000 after acquiring an additional 756,418 shares during the period. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SBRA has been the topic of several research reports. 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. Mizuho reiterated a “neutral” rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Finally, Truist Financial lifted their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, March 18th. Three investment 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

Sabra Health Care REIT Stock Up 0.7 %

SBRA stock opened at $17.38 on Friday. The company has a 50 day moving average price of $16.82 and a two-hundred day moving average price of $17.67. 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 $4.13 billion, a P/E ratio of 32.79, a PEG ratio of 1.97 and a beta of 1.27. Sabra Health Care REIT, Inc. has a one year low of $13.31 and a one year high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The firm had revenue of $182.35 million during the quarter, compared to analyst estimates of $178.01 million. As a group, sell-side analysts expect that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.90%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT’s dividend payout ratio (DPR) 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.