Longboard Asset Management LP Purchases Shares of 12,806 Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Longboard Asset Management LP acquired a new position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,806 shares of the real estate investment trust’s stock, valued at approximately $222,000.

A number of other institutional investors have also made changes to their positions in the business. Rockefeller Capital Management L.P. increased its position in Sabra Health Care REIT by 4.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust’s stock worth $286,000 after buying an additional 655 shares during the period. Janney Montgomery Scott LLC increased its position in Sabra Health Care REIT by 0.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust’s stock worth $3,068,000 after acquiring an additional 763 shares during the period. GAMMA Investing LLC raised its stake in Sabra Health Care REIT by 25.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,614 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 932 shares during the last quarter. Inspire Investing LLC boosted its holdings in Sabra Health Care REIT by 4.5% in the 4th quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust’s stock valued at $401,000 after purchasing an additional 992 shares during the period. Finally, Custom Index Systems LLC grew its position in Sabra Health Care REIT by 4.0% in the 4th quarter. Custom Index Systems LLC now owns 26,225 shares of the real estate investment trust’s stock worth $454,000 after purchasing an additional 1,005 shares during the last quarter. 99.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SBRA has been the subject of several research reports. JMP Securities upgraded shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Tuesday, January 7th. Scotiabank lifted their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Truist Financial downgraded shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and decreased their price target for the stock from $18.00 to $17.00 in a research note on Friday, January 17th. Finally, Mizuho reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Three equities research analysts have rated the stock with a hold rating, four 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 currently has a consensus rating of “Moderate Buy” and an average target price of $18.86.

Sabra Health Care REIT Trading Up 1.2 %

Shares of SBRA stock opened at $16.91 on Tuesday. The company has a market capitalization of $4.00 billion, a P/E ratio of 41.24, a P/E/G ratio of 2.01 and a beta of 1.25. Sabra Health Care REIT, Inc. has a 12-month low of $12.83 and a 12-month high of $20.03. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.90. The firm has a 50-day moving average price of $17.33 and a 200 day moving average price of $17.62.

About Sabra Health Care REIT

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.