EMC Capital Management Raises Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

EMC Capital Management grew its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 149.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,972 shares of the real estate investment trust’s stock after purchasing an additional 14,369 shares during the quarter. EMC Capital Management’s holdings in Sabra Health Care REIT were worth $415,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in SBRA. KBC Group NV raised its position in Sabra Health Care REIT by 66.2% in the 4th quarter. KBC Group NV now owns 11,609 shares of the real estate investment trust’s stock valued at $201,000 after purchasing an additional 4,624 shares in the last quarter. Inspire Investing LLC raised its holdings in Sabra Health Care REIT by 4.5% in the fourth quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust’s stock valued at $401,000 after acquiring an additional 992 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Sabra Health Care REIT by 0.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust’s stock worth $3,068,000 after acquiring an additional 763 shares during the last quarter. SG Americas Securities LLC grew its holdings in Sabra Health Care REIT by 31.1% during the 4th quarter. SG Americas Securities LLC now owns 21,941 shares of the real estate investment trust’s stock worth $380,000 after acquiring an additional 5,204 shares in the last quarter. Finally, Diversify Advisory Services LLC purchased a new stake in shares of Sabra Health Care REIT in the 4th quarter valued at approximately $202,000. Institutional investors and hedge funds own 99.40% of the company’s stock.

Sabra Health Care REIT Price Performance

Shares of SBRA opened at $16.66 on Thursday. Sabra Health Care REIT, Inc. has a fifty-two week low of $12.83 and a fifty-two week high of $20.03. The firm has a 50-day simple moving average of $17.43 and a 200-day simple moving average of $17.61. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.16 and a current ratio of 4.16. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 40.86, a price-to-earnings-growth ratio of 2.00 and a beta of 1.26.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.22). The company had revenue of $178.00 million for the quarter, compared to analyst estimates of $177.19 million. Sabra Health Care REIT had a return on equity of 3.51% and a net margin of 14.20%. During the same period in the prior year, the business earned $0.34 earnings per share. On average, equities research analysts anticipate that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on SBRA. Truist Financial cut 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 research report on Friday, January 17th. Mizuho reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Scotiabank increased their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. 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 note on Tuesday, January 7th. Finally, 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. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.13.

About Sabra Health Care REIT

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.