Principle Wealth Partners LLC Grows Stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Principle Wealth Partners LLC raised its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 16.2% during the fourth quarter, Holdings Channel reports. The fund owned 18,920 shares of the real estate investment trust’s stock after buying an additional 2,635 shares during the period. Principle Wealth Partners LLC’s holdings in Sabra Health Care REIT were worth $328,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBRA. SG Americas Securities LLC purchased a new position in Sabra Health Care REIT in the third quarter valued at about $311,000. GAMMA Investing LLC boosted its stake 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 valued at $86,000 after acquiring an additional 932 shares during the last quarter. Creative Planning boosted its stake in Sabra Health Care REIT by 8.9% in the third quarter. Creative Planning now owns 24,284 shares of the real estate investment trust’s stock valued at $452,000 after acquiring an additional 1,992 shares during the last quarter. Leisure Capital Management lifted its stake in shares of Sabra Health Care REIT by 12.2% during the 3rd quarter. Leisure Capital Management now owns 531,012 shares of the real estate investment trust’s stock valued at $9,882,000 after buying an additional 57,591 shares in the last quarter. Finally, Venture Visionary Partners LLC purchased a new stake in shares of Sabra Health Care REIT during the 3rd quarter valued at approximately $1,603,000. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Sabra Health Care REIT Stock Performance

NASDAQ SBRA opened at $16.24 on Wednesday. Sabra Health Care REIT, Inc. has a 1 year low of $13.26 and a 1 year high of $20.03. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.16 and a quick ratio of 4.16. The stock has a market capitalization of $3.84 billion, a PE ratio of 39.61, a P/E/G ratio of 2.02 and a beta of 1.25. The company’s 50 day simple moving average is $17.09 and its two-hundred day simple moving average is $17.63.

Sabra Health Care REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.39%. The ex-dividend date of this dividend is Friday, February 14th. Sabra Health Care REIT’s dividend payout ratio is presently 292.69%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SBRA shares. Mizuho restated a “neutral” rating and set a $20.00 price target on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Citizens Jmp upgraded shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. JMP Securities upgraded shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Tuesday, January 7th. Finally, Truist Financial cut shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and dropped their price target for the company from $18.00 to $17.00 in a research note on Friday, January 17th. 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.86.

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.