Vanderbilt University Has $1.40 Million Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Vanderbilt University lessened its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 8.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 80,690 shares of the real estate investment trust’s stock after selling 7,792 shares during the quarter. Vanderbilt University’s holdings in Sabra Health Care REIT were worth $1,398,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Algert Global LLC bought a new stake in Sabra Health Care REIT in the 2nd quarter valued at $359,000. Truist Financial Corp lifted its holdings in shares of Sabra Health Care REIT by 85.2% in the second quarter. Truist Financial Corp now owns 183,180 shares of the real estate investment trust’s stock valued at $2,821,000 after purchasing an additional 84,251 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Sabra Health Care REIT during the third quarter worth about $311,000. Handelsbanken Fonder AB boosted its position in shares of Sabra Health Care REIT by 58.6% during the third quarter. Handelsbanken Fonder AB now owns 77,706 shares of the real estate investment trust’s stock worth $1,446,000 after buying an additional 28,700 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Sabra Health Care REIT by 25.3% during the third quarter. GAMMA Investing LLC now owns 4,614 shares of the real estate investment trust’s stock worth $86,000 after buying an additional 932 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on SBRA shares. Scotiabank boosted their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. Truist Financial lowered shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and cut their price objective for the stock from $18.00 to $17.00 in a research report on Friday, January 17th. 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. 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. Finally, Mizuho restated a “neutral” rating and set a $20.00 price objective on shares of Sabra Health Care REIT in a research note 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 issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sabra Health Care REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.86.

Sabra Health Care REIT Stock Performance

NASDAQ SBRA opened at $16.89 on Thursday. The firm’s fifty day moving average price is $17.25 and its two-hundred day moving average price is $17.62. Sabra Health Care REIT, Inc. has a 1 year low of $12.85 and a 1 year high of $20.03. The firm has a market capitalization of $4.00 billion, a P/E ratio of 41.20, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90.

Sabra Health Care REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 7.10%. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently 292.69%.

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.