Invesco Ltd. Buys 229,708 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Invesco Ltd. increased its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,556,218 shares of the real estate investment trust’s stock after purchasing an additional 229,708 shares during the quarter. Invesco Ltd. owned approximately 1.08% of Sabra Health Care REIT worth $44,274,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Bank of Montreal Can raised its stake in shares of Sabra Health Care REIT by 979.8% in the fourth quarter. Bank of Montreal Can now owns 717,824 shares of the real estate investment trust’s stock valued at $12,433,000 after buying an additional 651,346 shares during the period. Federated Hermes Inc. raised its stake in Sabra Health Care REIT by 39.7% in the 4th quarter. Federated Hermes Inc. now owns 22,123 shares of the real estate investment trust’s stock valued at $383,000 after acquiring an additional 6,282 shares during the period. Russell Investments Group Ltd. raised its stake in Sabra Health Care REIT by 7.8% in the 4th quarter. Russell Investments Group Ltd. now owns 352,249 shares of the real estate investment trust’s stock valued at $6,101,000 after acquiring an additional 25,346 shares during the period. Envestnet Asset Management Inc. lifted its holdings in Sabra Health Care REIT by 6.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 559,789 shares of the real estate investment trust’s stock valued at $9,696,000 after purchasing an additional 36,104 shares during the last quarter. Finally, Wedbush Securities Inc. bought a new position in Sabra Health Care REIT during the fourth quarter worth about $214,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Price Performance

Shares of Sabra Health Care REIT stock opened at $17.97 on Wednesday. The business’s 50 day simple moving average is $16.92 and its two-hundred day simple moving average is $17.54. Sabra Health Care REIT, Inc. has a one year low of $13.31 and a one year high of $20.03. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. The stock has a market capitalization of $4.28 billion, a P/E ratio of 33.91, a price-to-earnings-growth ratio of 1.97 and a beta of 0.93.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The firm had revenue of $182.35 million for the quarter, compared to analysts’ expectations of $178.01 million. Analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 annualized dividend and a dividend yield of 6.68%. Sabra Health Care REIT’s dividend payout ratio is 226.42%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on SBRA shares. JMP Securities raised shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Tuesday, January 7th. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Truist Financial upped their target price on shares of 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 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 company’s stock. According to data from MarketBeat, Sabra Health Care REIT has an average rating of “Moderate Buy” and an average price target of $19.33.

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.