Xponance Inc. Grows Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Xponance Inc. increased its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 8.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,167 shares of the real estate investment trust’s stock after purchasing an additional 2,630 shares during the quarter. Xponance Inc.’s holdings in Sabra Health Care REIT were worth $592,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its stake in shares of Sabra Health Care REIT by 4.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust’s stock worth $286,000 after buying an additional 655 shares during the last quarter. Assetmark Inc. lifted its holdings in 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 valued at $45,000 after acquiring an additional 656 shares during the period. Janney Montgomery Scott LLC boosted its position in Sabra Health Care REIT by 0.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust’s stock worth $3,068,000 after purchasing an additional 763 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Sabra Health Care REIT by 1.2% during the 4th quarter. Louisiana State Employees Retirement System now owns 65,700 shares of the real estate investment trust’s stock valued at $1,138,000 after purchasing an additional 800 shares during the period. Finally, Oregon Public Employees Retirement Fund increased its position in shares of Sabra Health Care REIT by 1.7% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 48,185 shares of the real estate investment trust’s stock valued at $835,000 after purchasing an additional 800 shares during the last quarter. Institutional investors own 99.40% of the company’s stock.

Wall Street Analyst Weigh In

SBRA has been the subject of several recent research reports. Mizuho restated a “neutral” rating and set a $20.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. JMP Securities raised shares of 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. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, Truist Financial boosted their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a report 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’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.33.

Sabra Health Care REIT Price Performance

NASDAQ:SBRA opened at $17.15 on Wednesday. The business’s 50-day simple moving average is $16.81 and its two-hundred day simple moving average is $17.68. Sabra Health Care REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $20.03. The stock has a market cap of $4.08 billion, a PE ratio of 32.36, a P/E/G ratio of 1.97 and a beta of 1.27. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88.

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

Sabra Health Care REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid 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 7.00%. Sabra Health Care REIT’s payout ratio is 226.42%.

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.