Tower Research Capital LLC TRC Raises Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Tower Research Capital LLC TRC boosted its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 104.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,181 shares of the real estate investment trust’s stock after purchasing an additional 9,268 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Sabra Health Care REIT were worth $315,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SBRA. VSM Wealth Advisory LLC purchased a new position in Sabra Health Care REIT during the fourth quarter worth approximately $26,000. Assetmark Inc. boosted its position in Sabra Health Care REIT by 33.4% during the fourth quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 656 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Sabra Health Care REIT during the third quarter worth approximately $59,000. Jones Financial Companies Lllp boosted its position 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 boosted its position in Sabra Health Care REIT by 40.4% during the fourth quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,873 shares in the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Price Performance

NASDAQ:SBRA opened at $17.62 on Friday. Sabra Health Care REIT, Inc. has a one year low of $13.87 and a one year high of $20.03. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. The stock has a market cap of $4.19 billion, a PE ratio of 33.25, a P/E/G ratio of 1.97 and a beta of 0.93. The stock has a 50 day moving average price of $17.25 and a 200 day moving average price of $17.51.

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, meeting the consensus estimate of $0.36. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The firm had revenue of $182.35 million during the quarter, compared to analysts’ expectations of $178.01 million. Equities research analysts expect that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 6.81%. Sabra Health Care REIT’s dividend payout ratio is presently 226.42%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. JMP Securities upgraded Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Tuesday, January 7th. Finally, Truist Financial raised their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Tuesday, March 18th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average 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.