Longboard Asset Management LP Purchases New Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Longboard Asset Management LP acquired a new position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 12,806 shares of the real estate investment trust’s stock, valued at approximately $222,000.

A number of other hedge funds have also recently bought and sold shares of SBRA. Rockefeller Capital Management L.P. raised its position in shares of Sabra Health Care REIT by 4.5% during the third quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust’s stock worth $286,000 after acquiring an additional 655 shares during the last quarter. Janney Montgomery Scott LLC increased its position 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 worth $3,068,000 after purchasing an additional 763 shares during the period. GAMMA Investing LLC increased its position 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 worth $86,000 after purchasing an additional 932 shares during the period. Inspire Investing LLC raised its holdings in Sabra Health Care REIT by 4.5% during the 4th quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust’s stock worth $401,000 after purchasing an additional 992 shares during the last quarter. Finally, Custom Index Systems LLC lifted its position in Sabra Health Care REIT by 4.0% during the 4th 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 during the period. 99.40% of the stock is currently owned by institutional investors.

Sabra Health Care REIT Price Performance

Shares of SBRA stock opened at $16.91 on Tuesday. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.90. Sabra Health Care REIT, Inc. has a 12-month low of $12.83 and a 12-month high of $20.03. The firm has a fifty day moving average of $17.33 and a 200-day moving average of $17.62. The firm has a market capitalization of $4.00 billion, a price-to-earnings ratio of 41.24, a price-to-earnings-growth ratio of 2.01 and a beta of 1.25.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Mizuho reiterated a “neutral” rating and set a $20.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. 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 report on Tuesday, January 7th. Truist Financial downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating and cut their price target for the company from $18.00 to $17.00 in a research note on Friday, January 17th. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Scotiabank upped their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.