Mitsubishi UFJ Asset Management Co. Ltd. Purchases 6,825 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 4.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 156,156 shares of the real estate investment trust’s stock after purchasing an additional 6,825 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of Sabra Health Care REIT worth $2,695,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC boosted its holdings in shares of Sabra Health Care REIT by 8.8% in the 4th quarter. LPL Financial LLC now owns 125,311 shares of the real estate investment trust’s stock worth $2,170,000 after acquiring an additional 10,148 shares in the last quarter. Samalin Investment Counsel LLC boosted its stake in Sabra Health Care REIT by 11.2% in 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 in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Sabra Health Care REIT in the fourth quarter valued at $798,000. American Century Companies Inc. raised its holdings in shares of 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 buying an additional 6,802 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in Sabra Health Care REIT by 40.1% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 128,608 shares of the real estate investment trust’s stock worth $2,227,000 after buying an additional 36,792 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Sabra Health Care REIT Price Performance

Shares of SBRA opened at $17.50 on Wednesday. The stock’s 50-day moving average price is $16.85 and its two-hundred day moving average price is $17.66. Sabra Health Care REIT, Inc. has a 1 year low of $13.31 and a 1 year high of $20.03. The stock has a market cap of $4.16 billion, a P/E ratio of 33.02, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The company had revenue of $182.35 million for the quarter, compared to analysts’ expectations of $178.01 million. On average, equities analysts predict that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 6.86%. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently 226.42%.

Analyst Ratings Changes

SBRA has been the subject of a number of research analyst reports. 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 note on Tuesday, January 7th. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Truist Financial boosted their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, March 18th. Finally, Mizuho reiterated a “neutral” rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Three 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.33.

Sabra Health Care REIT 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.