State of Alaska Department of Revenue Raises Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

State of Alaska Department of Revenue boosted its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 2.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 140,212 shares of the real estate investment trust’s stock after buying an additional 3,073 shares during the quarter. State of Alaska Department of Revenue’s holdings in Sabra Health Care REIT were worth $2,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SBRA. Quarry LP purchased a new stake in Sabra Health Care REIT in the third quarter worth about $30,000. Assetmark Inc. increased its stake in shares of Sabra Health Care REIT by 168.4% during the third 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 in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Sabra Health Care REIT during the third quarter valued at approximately $59,000. Harbor Capital Advisors Inc. bought a new position in shares of Sabra Health Care REIT during the third quarter valued at approximately $78,000. Finally, GAMMA Investing LLC increased its stake in shares of Sabra Health Care REIT by 25.3% during the third quarter. GAMMA Investing LLC now owns 4,614 shares of the real estate investment trust’s stock valued at $86,000 after purchasing an additional 932 shares in the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on SBRA shares. Citizens Jmp raised shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Truist Financial lowered shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and decreased their price objective 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 price objective on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Finally, JMP Securities upgraded shares of 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. 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, Sabra Health Care REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.86.

Sabra Health Care REIT Price Performance

Shares of SBRA opened at $16.63 on Tuesday. The firm has a market cap of $3.93 billion, a PE ratio of 40.56, a P/E/G ratio of 2.02 and a beta of 1.25. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90. The firm has a fifty day simple moving average of $17.13 and a two-hundred day simple moving average of $17.63. Sabra Health Care REIT, Inc. has a 1-year low of $13.26 and a 1-year high of $20.03.

Sabra Health Care REIT Dividend Announcement

The business 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 dividend of $0.30 per share. The ex-dividend date is Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 7.22%. Sabra Health Care REIT’s dividend payout ratio is presently 292.68%.

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.