Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Sold by Advisors Capital Management LLC

Advisors Capital Management LLC lowered its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,852,104 shares of the real estate investment trust’s stock after selling 3,614 shares during the period. Advisors Capital Management LLC owned about 0.78% of Sabra Health Care REIT worth $32,078,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SBRA. VSM Wealth Advisory LLC acquired a new position in shares of Sabra Health Care REIT in the 4th quarter valued at $26,000. Assetmark Inc. boosted its holdings in shares of Sabra Health Care REIT by 33.4% in the fourth quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust’s stock worth $45,000 after buying an additional 656 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Sabra Health Care REIT in the third quarter worth approximately $59,000. Jones Financial Companies Lllp lifted its position in shares of Sabra Health Care REIT by 208.3% in 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 acquiring an additional 4,204 shares in the last quarter. Finally, FIL Ltd boosted its stake in Sabra Health Care REIT by 40.4% in the 4th quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,873 shares during the period. 99.40% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on SBRA. Truist Financial boosted their target price on shares of 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. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, JMP Securities upgraded Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report on Tuesday, January 7th. 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

Sabra Health Care REIT Price Performance

Shares of NASDAQ:SBRA opened at $17.35 on Friday. The firm has a market cap of $4.13 billion, a price-to-earnings ratio of 32.74, a P/E/G ratio of 1.97 and a beta of 0.93. Sabra Health Care REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $20.03. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. The business has a fifty day simple moving average of $16.88 and a 200 day simple moving average of $17.55.

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

Sabra Health Care REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 226.42%.

About Sabra Health Care REIT

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.