Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Sold by Westpac Banking Corp

Westpac Banking Corp trimmed its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 5.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,454 shares of the real estate investment trust’s stock after selling 7,482 shares during the quarter. Westpac Banking Corp owned 0.06% of Sabra Health Care REIT worth $2,415,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cinctive Capital Management LP acquired a new stake in shares of Sabra Health Care REIT during the fourth quarter valued at about $3,023,000. Headlands Technologies LLC acquired a new stake in Sabra Health Care REIT in the 4th quarter valued at approximately $201,000. Geode Capital Management LLC raised its position in 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 valued at $110,550,000 after purchasing an additional 86,727 shares during the period. Alliancebernstein L.P. lifted its stake in Sabra Health Care REIT by 25.4% during the fourth quarter. Alliancebernstein L.P. now owns 1,361,074 shares of the real estate investment trust’s stock worth $23,574,000 after purchasing an additional 275,468 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Sabra Health Care REIT by 33.7% during the fourth quarter. Wellington Management Group LLP now owns 3,205,042 shares of the real estate investment trust’s stock worth $55,511,000 after buying an additional 808,207 shares during the period. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SBRA has been the topic of several research reports. Truist Financial increased their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, March 18th. JMP Securities raised shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Tuesday, January 7th. Mizuho reaffirmed a “neutral” rating and set a $20.00 target price on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Finally, Citizens Jmp upgraded shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.33.

Sabra Health Care REIT Stock Up 1.7 %

Shares of Sabra Health Care REIT stock 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 52-week low of $13.31 and a 52-week high of $20.03. The company has a market capitalization of $4.20 billion, a P/E ratio of 33.30, a P/E/G ratio of 1.97 and a beta of 0.93. The company has a 50 day moving average of $16.88 and a 200 day moving average of $17.66.

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

Sabra Health Care REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.30 per share. 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 dividend payout ratio (DPR) is presently 226.42%.

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.