LPL Financial LLC Boosts Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

LPL Financial LLC lifted its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 125,311 shares of the real estate investment trust’s stock after acquiring an additional 10,148 shares during the period. LPL Financial LLC owned 0.05% of Sabra Health Care REIT worth $2,170,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Samalin Investment Counsel LLC raised its stake in Sabra Health Care REIT by 11.2% during the fourth quarter. Samalin Investment Counsel LLC now owns 14,257 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 1,437 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Sabra Health Care REIT in the 4th quarter worth $798,000. American Century Companies Inc. boosted its holdings in Sabra Health Care REIT by 14.9% in the fourth quarter. American Century Companies Inc. now owns 52,603 shares of the real estate investment trust’s stock valued at $911,000 after acquiring an additional 6,802 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Sabra Health Care REIT by 40.1% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 128,608 shares of the real estate investment trust’s stock valued at $2,227,000 after acquiring an additional 36,792 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its position in Sabra Health Care REIT by 16.2% during the fourth quarter. Teacher Retirement System of Texas now owns 118,439 shares of the real estate investment trust’s stock valued at $2,051,000 after acquiring an additional 16,475 shares during the period. 99.40% of the stock is owned by institutional investors and hedge funds.

Sabra Health Care REIT Stock Performance

SBRA stock opened at $17.66 on Tuesday. The company has a 50-day simple moving average of $16.90 and a 200 day simple moving average of $17.54. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88. The company has a market capitalization of $4.20 billion, a P/E ratio of 33.32, a PEG ratio of 1.97 and a beta of 0.93. Sabra Health Care REIT, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly 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. The company 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 predict 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 company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 6.80%. Sabra Health Care REIT’s payout ratio is 226.42%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Truist Financial lifted their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Citizens Jmp upgraded shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, 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 report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Sabra Health Care REIT currently has an average rating of “Moderate Buy” and an average price target of $19.33.

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.