Asset Planning Inc Takes $289,000 Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Asset Planning Inc purchased a new stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) in the fourth quarter, Holdings Channel.com reports. The fund purchased 16,676 shares of the real estate investment trust’s stock, valued at approximately $289,000.

Other large investors have also made changes to their positions in the company. Quarry LP purchased a new stake in shares of Sabra Health Care REIT during the third quarter valued at approximately $30,000. Assetmark Inc. grew its stake in Sabra Health Care REIT by 168.4% during the 3rd quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,231 shares in the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Sabra Health Care REIT during the 3rd quarter valued at about $59,000. Harbor Capital Advisors Inc. purchased a new position in Sabra Health Care REIT during the 3rd quarter valued at about $78,000. Finally, International Assets Investment Management LLC grew its stake in Sabra Health Care REIT by 1,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust’s stock valued at $114,000 after acquiring an additional 5,776 shares in the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on SBRA shares. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Truist Financial lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating and reduced their target price for the stock from $18.00 to $17.00 in a report on Friday, January 17th. Mizuho restated a “neutral” rating and issued a $20.00 target price on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Finally, JMP Securities upgraded Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sabra Health Care REIT has a consensus rating of “Moderate Buy” and a consensus target price of $18.86.

Sabra Health Care REIT Price Performance

Shares of SBRA opened at $16.68 on Friday. Sabra Health Care REIT, Inc. has a 12-month low of $13.31 and a 12-month high of $20.03. The business has a 50-day simple moving average of $17.01 and a two-hundred day simple moving average of $17.61. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.90. The stock has a market cap of $3.95 billion, a PE ratio of 40.68, a PEG ratio of 2.02 and a beta of 1.25.

Sabra Health Care REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders 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 dividend yield of 7.19%. Sabra Health Care REIT’s payout ratio is 292.69%.

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.