Los Angeles Capital Management LLC Grows Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Los Angeles Capital Management LLC increased its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 30.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 64,467 shares of the real estate investment trust’s stock after acquiring an additional 14,925 shares during the period. Los Angeles Capital Management LLC’s holdings in Sabra Health Care REIT were worth $1,117,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Quarry LP purchased a new position in Sabra Health Care REIT in the 3rd quarter worth approximately $30,000. Assetmark Inc. grew its holdings in shares of Sabra Health Care REIT by 168.4% in the third quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,231 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Sabra Health Care REIT in the third quarter worth $59,000. Harbor Capital Advisors Inc. bought a new stake in Sabra Health Care REIT during the 3rd quarter valued at $78,000. Finally, International Assets Investment Management LLC boosted its position in Sabra Health Care REIT by 1,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 5,776 shares during the period. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on SBRA. Citizens Jmp upgraded shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Truist Financial downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating and reduced their price target for the company from $18.00 to $17.00 in a report on Friday, January 17th. Mizuho reiterated a “neutral” rating and issued a $20.00 price objective on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Finally, JMP Securities upgraded Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research 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 given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $19.17.

Sabra Health Care REIT Stock Performance

Shares of SBRA opened at $16.61 on Friday. The company has a 50-day simple moving average of $16.77 and a two-hundred day simple moving average of $17.62. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. The firm has a market capitalization of $3.95 billion, a PE ratio of 31.34, a price-to-earnings-growth ratio of 1.97 and a beta of 1.25. Sabra Health Care REIT, Inc. has a one year low of $13.31 and a one year high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, meeting 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 during the quarter, compared to analysts’ expectations of $178.01 million. On average, 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 firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.22%. The ex-dividend date 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.