Sei Investments Co. Sells 30,133 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Sei Investments Co. lowered its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 25.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,885 shares of the real estate investment trust’s stock after selling 30,133 shares during the period. Sei Investments Co.’s holdings in Sabra Health Care REIT were worth $1,505,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. VSM Wealth Advisory LLC bought a new position in shares of Sabra Health Care REIT during the 4th quarter worth about $26,000. Quarry LP bought a new position in Sabra Health Care REIT during the third quarter worth about $30,000. Assetmark Inc. boosted its holdings 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 valued at $45,000 after purchasing an additional 656 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Sabra Health Care REIT in the 3rd quarter valued at approximately $59,000. Finally, Jones Financial Companies Lllp raised its holdings in shares of Sabra Health Care REIT by 208.3% in the 4th quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 4,204 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. 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. Citizens Jmp upgraded shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Truist Financial increased their target price on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, March 18th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.33.

Sabra Health Care REIT Price Performance

Sabra Health Care REIT stock opened at $17.28 on Monday. Sabra Health Care REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $20.03. The firm has a market cap of $4.11 billion, a P/E ratio of 32.60, a P/E/G ratio of 1.97 and a beta of 0.93. 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 business’s fifty day moving average is $16.89 and its two-hundred day moving average is $17.63.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $182.35 million for the quarter, compared to analyst estimates of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. Equities research analysts forecast 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 disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.94%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 226.42%.

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.