Captrust Financial Advisors Reduces Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Captrust Financial Advisors lessened its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,047 shares of the real estate investment trust’s stock after selling 2,570 shares during the period. Captrust Financial Advisors’ holdings in Sabra Health Care REIT were worth $832,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SBRA. Norges Bank purchased a new position in shares of Sabra Health Care REIT during the 4th quarter valued at $48,950,000. Northern Trust Corp lifted its position in shares of Sabra Health Care REIT by 27.7% during the 4th quarter. Northern Trust Corp now owns 4,169,385 shares of the real estate investment trust’s stock valued at $72,214,000 after buying an additional 905,466 shares during the last quarter. Thrivent Financial for Lutherans lifted its position in shares of Sabra Health Care REIT by 95.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 1,816,217 shares of the real estate investment trust’s stock valued at $31,457,000 after buying an additional 888,908 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of Sabra Health Care REIT by 33.7% during the 4th quarter. Wellington Management Group LLP now owns 3,205,042 shares of the real estate investment trust’s stock valued at $55,511,000 after buying an additional 808,207 shares during the last quarter. Finally, Barclays PLC lifted its position in shares of Sabra Health Care REIT by 109.4% during the 4th quarter. Barclays PLC now owns 1,420,356 shares of the real estate investment trust’s stock valued at $24,601,000 after buying an additional 741,959 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Analyst Upgrades and Downgrades

SBRA has been the topic of a number of recent research reports. Scotiabank upped their price target on Sabra Health Care REIT from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Monday, May 12th. Truist Financial boosted their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Three research 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 MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.50.

Sabra Health Care REIT Stock Performance

NASDAQ:SBRA opened at $17.87 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. Sabra Health Care REIT, Inc. has a 52-week low of $13.87 and a 52-week high of $20.03. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 33.72, a PEG ratio of 1.97 and a beta of 0.88. The business’s fifty day moving average is $17.49 and its 200 day moving average is $17.44.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its earnings results on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $183.54 million for the quarter, compared to analyst estimates of $180.23 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.35 EPS. Research analysts predict that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a yield of 6.72%. Sabra Health Care REIT’s dividend payout ratio is currently 203.39%.

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.