Xponance Inc. Grows Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Xponance Inc. grew its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 8.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 34,167 shares of the real estate investment trust’s stock after acquiring an additional 2,630 shares during the quarter. Xponance Inc.’s holdings in Sabra Health Care REIT were worth $592,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Quarry LP bought a new stake in Sabra Health Care REIT in the third quarter worth $30,000. Assetmark Inc. grew its stake in shares of Sabra Health Care REIT by 33.4% in the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust’s stock worth $45,000 after buying 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 worth about $59,000. Jones Financial Companies Lllp raised its position in shares of Sabra Health Care REIT by 208.3% during the 4th quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 4,204 shares in the last quarter. Finally, Autumn Glory Partners LLC bought a new position in shares of Sabra Health Care REIT in the 4th quarter valued at about $173,000. 99.40% of the stock is owned by hedge funds and other institutional investors.

Sabra Health Care REIT Price Performance

Shares of SBRA stock opened at $17.15 on Wednesday. The company has a market capitalization of $4.08 billion, a P/E ratio of 32.36, a P/E/G ratio of 1.97 and a beta of 1.27. The company’s 50-day simple moving average is $16.81 and its two-hundred day simple moving average is $17.68. Sabra Health Care REIT, Inc. has a one year low of $13.31 and a one year high of $20.03. 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 (NASDAQ:SBRA) last announced 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 for the quarter, compared to analysts’ expectations of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. As a group, equities analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed 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 was Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 7.00%. Sabra Health Care REIT’s payout ratio is currently 226.42%.

Wall Street Analyst Weigh In

SBRA has been the topic of several analyst reports. JMP Securities raised 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 note on Tuesday, January 7th. 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 lifted their price objective on shares of 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. Finally, Citizens Jmp upgraded shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently 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.