Cetera Investment Advisers Purchases 25,160 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Cetera Investment Advisers boosted its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 6.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 396,081 shares of the real estate investment trust’s stock after buying an additional 25,160 shares during the period. Cetera Investment Advisers’ holdings in Sabra Health Care REIT were worth $6,860,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. VSM Wealth Advisory LLC bought a new position in shares of Sabra Health Care REIT during the fourth quarter valued at approximately $26,000. Assetmark Inc. grew its stake in shares of 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 worth $45,000 after acquiring an additional 656 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Sabra Health Care REIT by 208.3% in the fourth quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 4,204 shares during the last quarter. FIL Ltd boosted its position in shares of 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 valued at $113,000 after buying an additional 1,873 shares during the last quarter. Finally, Autumn Glory Partners LLC purchased a new stake in shares of Sabra Health Care REIT during the fourth quarter valued at $173,000. Institutional investors own 99.40% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Truist Financial increased their target price 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. Scotiabank increased their target price on Sabra Health Care REIT from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Monday. Three research 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. According to MarketBeat, Sabra Health Care REIT presently has a consensus rating of “Moderate Buy” and an average target price of $19.50.

Sabra Health Care REIT Trading Down 1.6%

SBRA opened at $17.90 on Tuesday. The firm has a market cap of $4.26 billion, a price-to-earnings ratio of 33.77, a PEG ratio of 1.97 and a beta of 0.88. 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 $13.87 and a 12 month high of $20.03. The stock has a fifty day moving average price of $17.41 and a 200-day moving average price of $17.46.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The business had revenue of $183.54 million for the quarter, compared to the consensus estimate of $180.23 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The company’s quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 EPS. As a group, equities research analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.70%. Sabra Health Care REIT’s payout ratio is 203.39%.

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.