Nuveen Asset Management LLC Buys 795,902 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Nuveen Asset Management LLC boosted its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 30.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,378,733 shares of the real estate investment trust’s stock after acquiring an additional 795,902 shares during the quarter. Nuveen Asset Management LLC’s holdings in Sabra Health Care REIT were worth $58,520,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SBRA. VSM Wealth Advisory LLC purchased a new stake in shares of Sabra Health Care REIT in the 4th quarter worth $26,000. Assetmark Inc. raised its position in shares of Sabra Health Care REIT by 33.4% in the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust’s stock worth $45,000 after acquiring an additional 656 shares in the last quarter. Jones Financial Companies Lllp increased its position in Sabra Health Care REIT by 208.3% during the 4th quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 4,204 shares in the last quarter. FIL Ltd increased its position in Sabra Health Care REIT by 40.4% during the 4th quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,873 shares in the last quarter. Finally, Autumn Glory Partners LLC acquired a new position in Sabra Health Care REIT during the 4th quarter valued at about $173,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Up 0.6%

Shares of SBRA stock opened at $17.87 on Monday. Sabra Health Care REIT, Inc. has a fifty-two week low of $13.87 and a fifty-two week high of $20.03. 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 firm has a market capitalization of $4.25 billion, a PE ratio of 33.72, a P/E/G ratio of 1.97 and a beta of 0.88. The stock’s 50-day simple moving average is $17.49 and its 200-day simple moving average is $17.41.

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

Sabra Health Care REIT Dividend Announcement

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

Wall Street Analyst Weigh In

SBRA has been the topic of several recent analyst reports. Truist Financial upped their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Tuesday, March 18th. Scotiabank upped their target price 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. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.50.

Sabra Health Care REIT Company 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.