Graham Capital Management L.P. Has $3.48 Million Stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Graham Capital Management L.P. lifted its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 105.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 200,651 shares of the real estate investment trust’s stock after purchasing an additional 102,812 shares during the quarter. Graham Capital Management L.P.’s holdings in Sabra Health Care REIT were worth $3,475,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Barclays PLC grew its holdings in shares of Sabra Health Care REIT by 56.1% during the 3rd quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust’s stock worth $12,624,000 after purchasing an additional 243,895 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Sabra Health Care REIT during the third quarter worth about $59,000. Franklin Resources Inc. grew its stake in Sabra Health Care REIT by 12.3% during the third 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 in the last quarter. ORG Partners LLC increased its holdings in Sabra Health Care REIT by 2,031.8% in the 4th quarter. ORG Partners LLC now owns 25,283 shares of the real estate investment trust’s stock valued at $438,000 after buying an additional 24,097 shares during the period. Finally, Diversify Advisory Services LLC acquired a new position in shares of Sabra Health Care REIT in the 4th quarter valued at approximately $202,000. Institutional investors and hedge funds own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Up 1.7 %

SBRA stock opened at $18.18 on Friday. The firm has a 50-day moving average price of $17.39 and a 200-day moving average price of $17.47. Sabra Health Care REIT, Inc. has a 12 month low of $13.87 and a 12 month 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 stock has a market capitalization of $4.33 billion, a P/E ratio of 34.30, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88.

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

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Investors of record on Friday, May 16th will be given a dividend of $0.30 per share. 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 6.60%. Sabra Health Care REIT’s dividend payout ratio is currently 203.39%.

Wall Street Analysts Forecast Growth

Separately, Truist Financial increased their price target 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 equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Sabra Health Care REIT has an average rating of “Moderate Buy” and a consensus price target of $19.33.

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.