Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Sold by Ontario Teachers Pension Plan Board

Ontario Teachers Pension Plan Board lowered its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 13.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,910 shares of the real estate investment trust’s stock after selling 4,363 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Sabra Health Care REIT were worth $483,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. VSM Wealth Advisory LLC purchased a new position in Sabra Health Care REIT in the 4th quarter valued at $26,000. Assetmark Inc. lifted its stake 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 during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sabra Health Care REIT in the third quarter valued at about $59,000. Jones Financial Companies Lllp raised its holdings in Sabra Health Care REIT by 208.3% during the fourth quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 4,204 shares in the last quarter. Finally, FIL Ltd lifted its position in Sabra Health Care REIT by 40.4% in the fourth quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 1,873 shares during the period. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on SBRA shares. Truist Financial boosted their target price on 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. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, JMP Securities raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

Sabra Health Care REIT Stock Performance

SBRA opened at $18.17 on Thursday. Sabra Health Care REIT, Inc. has a 1-year low of $13.31 and a 1-year high of $20.03. The stock has a market cap of $4.32 billion, a P/E ratio of 34.28, a P/E/G ratio of 1.97 and a beta of 0.93. The stock’s 50 day simple moving average is $16.95 and its 200 day simple moving average is $17.55. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. The company had revenue of $182.35 million for the quarter, compared to analyst estimates 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, equities analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 EPS 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 issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 6.60%. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently 226.42%.

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.