Zurcher Kantonalbank Zurich Cantonalbank Acquires 51,595 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 50.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 153,261 shares of the real estate investment trust’s stock after purchasing an additional 51,595 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sabra Health Care REIT were worth $2,654,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of SBRA. Quarry LP bought a new position in Sabra Health Care REIT in the 3rd quarter valued at $30,000. Assetmark Inc. raised its position in Sabra Health Care REIT by 168.4% in the 3rd quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,231 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Sabra Health Care REIT in the 3rd quarter valued at $59,000. Jones Financial Companies Lllp raised its position in Sabra Health Care REIT by 208.3% in the 4th quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 4,204 shares during the last quarter. Finally, Autumn Glory Partners LLC bought a new position in Sabra Health Care REIT in the 4th quarter valued at $173,000. Institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Up 2.6 %

Shares of Sabra Health Care REIT stock opened at $17.30 on Friday. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88. 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 fifty day simple moving average of $16.72 and a 200 day simple moving average of $17.66. The stock has a market cap of $4.12 billion, a PE ratio of 32.64, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27.

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

Sabra Health Care REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.30 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 6.94%. Sabra Health Care REIT’s payout ratio is 226.42%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Mizuho restated a “neutral” rating and set a $20.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. 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 downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating and dropped their target price for the stock from $18.00 to $17.00 in a research report on Friday, January 17th. Finally, JMP Securities upgraded 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 report on Tuesday, January 7th. Three equities 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 stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.17.

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.