Principle Wealth Partners LLC Buys 2,635 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Principle Wealth Partners LLC raised its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 16.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,920 shares of the real estate investment trust’s stock after purchasing an additional 2,635 shares during the period. Principle Wealth Partners LLC’s holdings in Sabra Health Care REIT were worth $328,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. increased its stake in Sabra Health Care REIT by 4.5% in the third quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 655 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Sabra Health Care REIT by 0.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust’s stock valued at $3,068,000 after purchasing an additional 763 shares in the last quarter. GAMMA Investing LLC increased its stake in Sabra Health Care REIT by 25.3% in the third 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 in the last quarter. Inspire Investing LLC increased its stake in Sabra Health Care REIT by 4.5% in the fourth 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 in the last quarter. Finally, Custom Index Systems LLC increased its stake in Sabra Health Care REIT by 4.0% in the fourth quarter. Custom Index Systems LLC now owns 26,225 shares of the real estate investment trust’s stock valued at $454,000 after purchasing an additional 1,005 shares in the last quarter. 99.40% of the stock is owned by institutional investors.

Sabra Health Care REIT Trading Down 2.3 %

Shares of SBRA stock opened at $16.24 on Wednesday. Sabra Health Care REIT, Inc. has a 52-week low of $13.26 and a 52-week high of $20.03. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.16 and a current ratio of 4.16. The company has a 50-day simple moving average of $17.09 and a two-hundred day simple moving average of $17.63. The company has a market capitalization of $3.84 billion, a price-to-earnings ratio of 39.61, a PEG ratio of 2.02 and a beta of 1.25.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed 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 7.39%. The ex-dividend date of this dividend is Friday, February 14th. Sabra Health Care REIT’s payout ratio is 292.69%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Mizuho reissued a “neutral” rating and set a $20.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. 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. Truist Financial downgraded shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and decreased their target price for the stock from $18.00 to $17.00 in a research report on Friday, January 17th. Finally, JMP Securities raised 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 report on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.86.

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.