Kestra Investment Management LLC Sells 36,729 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Kestra Investment Management LLC decreased its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 58.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 26,373 shares of the real estate investment trust’s stock after selling 36,729 shares during the period. Kestra Investment Management LLC’s holdings in Sabra Health Care REIT were worth $457,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of Sabra Health Care REIT by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 6,294,798 shares of the real estate investment trust’s stock worth $117,165,000 after acquiring an additional 104,533 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Sabra Health Care REIT by 222.4% in the third quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust’s stock worth $183,996,000 after purchasing an additional 6,819,919 shares during the last quarter. Vestcor Inc raised its stake in shares of Sabra Health Care REIT by 62.5% in the third quarter. Vestcor Inc now owns 207,918 shares of the real estate investment trust’s stock worth $3,869,000 after purchasing an additional 79,956 shares during the last quarter. Barclays PLC lifted its holdings in shares of Sabra Health Care REIT by 56.1% in the third quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust’s stock valued at $12,624,000 after purchasing an additional 243,895 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Sabra Health Care REIT by 12.3% during the third quarter. Franklin Resources Inc. now owns 524,917 shares of the real estate investment trust’s stock valued at $9,543,000 after buying an additional 57,551 shares during the last quarter. 99.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SBRA shares. Truist Financial lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating and lowered their price target for the company from $18.00 to $17.00 in a research report on Friday, January 17th. 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 report 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. Finally, Citizens Jmp raised shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.86.

Sabra Health Care REIT Trading Up 0.5 %

NASDAQ SBRA opened at $16.55 on Thursday. The stock has a market capitalization of $3.92 billion, a price-to-earnings ratio of 40.37, a PEG ratio of 1.99 and a beta of 1.25. The business’s fifty day moving average is $16.90 and its 200-day moving average is $17.63. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.16 and a quick ratio of 4.16. Sabra Health Care REIT, Inc. has a one year low of $13.31 and a one year high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. Equities research analysts predict that Sabra Health Care REIT, Inc. will post 1.39 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date is Friday, February 14th. Sabra Health Care REIT’s dividend payout ratio is currently 292.69%.

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.