Duff & Phelps Investment Management Co. Purchases 356,030 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Duff & Phelps Investment Management Co. raised its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 16.3% during the fourth quarter, Holdings Channel reports. The fund owned 2,539,749 shares of the real estate investment trust’s stock after buying an additional 356,030 shares during the period. Duff & Phelps Investment Management Co.’s holdings in Sabra Health Care REIT were worth $43,988,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in Sabra Health Care REIT by 0.8% in the third quarter. Principal Financial Group Inc. now owns 21,573,436 shares of the real estate investment trust’s stock valued at $401,479,000 after purchasing an additional 167,069 shares during the last quarter. Natixis Advisors LLC grew its holdings in Sabra Health Care REIT by 6.5% in the 3rd quarter. Natixis Advisors LLC now owns 28,346 shares of the real estate investment trust’s stock worth $528,000 after acquiring an additional 1,739 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Sabra Health Care REIT by 8.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,701,881 shares of the real estate investment trust’s stock valued at $87,502,000 after acquiring an additional 365,855 shares during the period. Citigroup Inc. raised its stake in shares of Sabra Health Care REIT by 104.0% during the third quarter. Citigroup Inc. now owns 316,007 shares of the real estate investment trust’s stock valued at $5,881,000 after acquiring an additional 161,071 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of Sabra Health Care REIT by 8.2% during the third quarter. Daiwa Securities Group Inc. now owns 78,188 shares of the real estate investment trust’s stock worth $1,455,000 after purchasing an additional 5,921 shares during the period. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SBRA has been the topic of a number of research analyst reports. Mizuho restated a “neutral” rating and set a $20.00 price target on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Truist Financial raised their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, March 18th. 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 on the stock in a research report on Tuesday, January 7th. Finally, Citizens Jmp raised shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $19.33.

Sabra Health Care REIT Stock Performance

Shares of SBRA stock opened at $17.38 on Friday. The company’s fifty day moving average price is $16.82 and its 200-day moving average price is $17.67. The stock has a market cap of $4.13 billion, a PE ratio of 32.79, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88. Sabra Health Care REIT, Inc. has a 12 month low of $13.31 and a 12 month high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The business had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. On average, equities analysts expect 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT’s payout ratio is 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.