Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Purchased by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. grew its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 749.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 221,992 shares of the real estate investment trust’s stock after purchasing an additional 195,854 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.09% of Sabra Health Care REIT worth $3,845,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. VSM Wealth Advisory LLC acquired a new position in shares of Sabra Health Care REIT in the 4th quarter worth $26,000. Assetmark Inc. grew its holdings 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 acquiring an additional 656 shares during the last quarter. Jones Financial Companies Lllp grew 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 acquiring an additional 4,204 shares during the last quarter. FIL Ltd grew its holdings in shares of Sabra Health Care REIT by 40.4% in the 4th quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 1,873 shares during the last quarter. Finally, Autumn Glory Partners LLC acquired a new position in shares of Sabra Health Care REIT in the 4th quarter worth $173,000. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Sabra Health Care REIT Price Performance

NASDAQ SBRA opened at $17.87 on Monday. Sabra Health Care REIT, Inc. has a twelve month low of $13.87 and a twelve month 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 capitalization of $4.25 billion, a PE ratio of 33.72, a P/E/G ratio of 1.97 and a beta of 0.88. The stock has a 50-day simple moving average of $17.49 and a 200 day simple moving average of $17.41.

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

Sabra Health Care REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Friday, May 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 6.72%. Sabra Health Care REIT’s dividend payout ratio (DPR) is 203.39%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SBRA. Scotiabank lifted their target price on Sabra Health Care REIT from $18.00 to $19.00 and gave the stock a “sector perform” rating in a report on Monday, May 12th. Truist Financial lifted their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, March 18th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Sabra Health Care REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.50.

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.