APG Asset Management US Inc. Has $38.22 Million Stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

APG Asset Management US Inc. cut its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 2.2% during the fourth quarter, HoldingsChannel reports. The firm owned 2,206,617 shares of the real estate investment trust’s stock after selling 49,002 shares during the period. Sabra Health Care REIT comprises 0.3% of APG Asset Management US Inc.’s investment portfolio, making the stock its 29th biggest position. APG Asset Management US Inc.’s holdings in Sabra Health Care REIT were worth $38,219,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in shares of Sabra Health Care REIT by 1.7% during the third quarter. Geode Capital Management LLC now owns 6,294,798 shares of the real estate investment trust’s stock valued at $117,165,000 after buying an additional 104,533 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Sabra Health Care REIT by 222.4% during 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 in the last quarter. Vestcor Inc grew its stake in shares of Sabra Health Care REIT by 62.5% in the 3rd quarter. Vestcor Inc now owns 207,918 shares of the real estate investment trust’s stock valued at $3,869,000 after purchasing an additional 79,956 shares during the period. Barclays PLC raised its holdings in shares of Sabra Health Care REIT by 56.1% in the 3rd quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust’s stock worth $12,624,000 after buying an additional 243,895 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Sabra Health Care REIT by 12.3% during the 3rd quarter. Franklin Resources Inc. now owns 524,917 shares of the real estate investment trust’s stock worth $9,543,000 after buying an additional 57,551 shares during the period. Institutional investors own 99.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SBRA. Truist Financial increased their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, March 18th. JMP Securities upgraded shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Tuesday, January 7th. Finally, Citizens Jmp upgraded shares of 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 given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.33.

Sabra Health Care REIT Stock Performance

Shares of NASDAQ:SBRA opened at $16.37 on Wednesday. The stock has a market capitalization of $3.89 billion, a P/E ratio of 30.89, a P/E/G ratio of 1.97 and a beta of 0.93. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. Sabra Health Care REIT, Inc. has a 1-year low of $13.31 and a 1-year high of $20.03. The business has a 50-day moving average price of $16.85 and a two-hundred day moving average price of $17.59.

Sabra Health Care REIT (NASDAQ:SBRA) last issued 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 net margin of 18.02% and a return on equity of 4.60%. The company had revenue of $182.35 million during the quarter, compared to analysts’ expectations of $178.01 million. Equities analysts predict that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.30 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.33%. 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.