Cibc World Markets Corp Buys 29,082 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Cibc World Markets Corp grew its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 47.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 90,992 shares of the real estate investment trust’s stock after buying an additional 29,082 shares during the quarter. Cibc World Markets Corp’s holdings in Sabra Health Care REIT were worth $1,576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC raised its stake in Sabra Health Care REIT by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 6,294,798 shares of the real estate investment trust’s stock worth $117,165,000 after buying an additional 104,533 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Sabra Health Care REIT by 222.4% during the third quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust’s stock valued at $183,996,000 after acquiring an additional 6,819,919 shares in the last quarter. Vestcor Inc raised its position in shares of Sabra Health Care REIT by 62.5% during the third quarter. Vestcor Inc now owns 207,918 shares of the real estate investment trust’s stock worth $3,869,000 after purchasing an additional 79,956 shares during the period. Barclays PLC lifted its holdings in shares of Sabra Health Care REIT by 56.1% in the 3rd quarter. Barclays PLC now owns 678,397 shares of the real estate investment trust’s stock worth $12,624,000 after purchasing an additional 243,895 shares in the last quarter. Finally, Franklin Resources Inc. grew its position in Sabra Health Care REIT by 12.3% in the 3rd quarter. Franklin Resources Inc. now owns 524,917 shares of the real estate investment trust’s stock valued at $9,543,000 after purchasing an additional 57,551 shares during the period. Institutional investors own 99.40% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Truist Financial upped their price objective on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday. Mizuho reaffirmed a “neutral” rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. JMP Securities raised 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 report on Tuesday, January 7th. Finally, Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Three 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. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.33.

Sabra Health Care REIT Trading Down 0.4 %

Shares of SBRA stock opened at $17.26 on Friday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 32.57, a PEG ratio of 1.97 and a beta of 1.27. 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 50-day simple moving average of $16.79 and a two-hundred day simple moving average of $17.67.

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

Sabra Health Care REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.95%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT’s payout ratio is 226.42%.

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.