Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Acquired by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP boosted its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 66.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 917,166 shares of the real estate investment trust’s stock after acquiring an additional 367,777 shares during the quarter. ExodusPoint Capital Management LP owned 0.39% of Sabra Health Care REIT worth $15,885,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in SBRA. Principal Financial Group Inc. grew its holdings in shares of Sabra Health Care REIT by 2.5% during the 4th quarter. Principal Financial Group Inc. now owns 22,109,683 shares of the real estate investment trust’s stock worth $382,940,000 after purchasing an additional 536,247 shares during the period. JPMorgan Chase & Co. grew its stake in Sabra Health Care REIT by 4.3% during the fourth quarter. JPMorgan Chase & Co. now owns 10,312,991 shares of the real estate investment trust’s stock worth $178,621,000 after buying an additional 426,074 shares during the period. Geode Capital Management LLC increased its position in shares of Sabra Health Care REIT by 1.4% in the fourth quarter. Geode Capital Management LLC now owns 6,381,525 shares of the real estate investment trust’s stock worth $110,550,000 after acquiring an additional 86,727 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Sabra Health Care REIT by 13.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,039,651 shares of the real estate investment trust’s stock valued at $69,967,000 after acquiring an additional 463,601 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of Sabra Health Care REIT by 33.7% during the 4th quarter. Wellington Management Group LLP now owns 3,205,042 shares of the real estate investment trust’s stock valued at $55,511,000 after acquiring an additional 808,207 shares in the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Price Performance

Shares of NASDAQ SBRA opened at $17.65 on Friday. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88. Sabra Health Care REIT, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $20.03. The business has a 50 day moving average price of $16.88 and a two-hundred day moving average price of $17.66. The firm has a market cap of $4.20 billion, a PE ratio of 33.30, a price-to-earnings-growth ratio of 1.97 and a beta of 0.93.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. The business had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. Sell-side analysts expect that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.80%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT’s payout ratio is currently 226.42%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SBRA shares. JMP Securities upgraded Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Tuesday, January 7th. Truist Financial raised their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a report on Tuesday, March 18th. Mizuho restated a “neutral” rating and issued 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, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Sabra Health Care REIT currently has a consensus 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.