Global Retirement Partners LLC Reduces Stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Global Retirement Partners LLC cut its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 31.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,836 shares of the real estate investment trust’s stock after selling 5,978 shares during the period. Global Retirement Partners LLC’s holdings in Sabra Health Care REIT were worth $222,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in SBRA. Quarry LP acquired a new position in shares of Sabra Health Care REIT during the 3rd quarter worth approximately $30,000. Assetmark Inc. raised 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 acquiring an additional 1,231 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sabra Health Care REIT in the third quarter valued at $59,000. Harbor Capital Advisors Inc. acquired a new position in Sabra Health Care REIT in the 3rd quarter valued at about $78,000. Finally, International Assets Investment Management LLC lifted its holdings in Sabra Health Care REIT by 1,761.0% in 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 purchasing an additional 5,776 shares in the last quarter. 99.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SBRA shares. Mizuho reiterated 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 cut Sabra Health Care REIT from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $18.00 to $17.00 in a report on Friday, January 17th. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, JMP Securities raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.86.

Sabra Health Care REIT Stock Performance

Shares of NASDAQ:SBRA opened at $16.42 on Wednesday. The business has a 50-day moving average of $16.79 and a two-hundred day moving average of $17.63. The firm has a market capitalization of $3.91 billion, a PE ratio of 30.98, a P/E/G ratio of 1.97 and a beta of 1.25. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. 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 released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. The company had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. As a group, research analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.31%. The ex-dividend date is Friday, February 14th. Sabra Health Care REIT’s payout ratio is 226.42%.

Sabra Health Care REIT 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.