Corebridge Financial Inc. Has $6.65 Million Stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Corebridge Financial Inc. reduced its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 3.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 383,650 shares of the real estate investment trust’s stock after selling 15,379 shares during the quarter. Corebridge Financial Inc. owned approximately 0.16% of Sabra Health Care REIT worth $6,645,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its position in Sabra Health Care REIT by 2.5% during the fourth quarter. Principal Financial Group Inc. now owns 22,109,683 shares of the real estate investment trust’s stock valued at $382,940,000 after acquiring an additional 536,247 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sabra Health Care REIT by 222.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust’s stock valued at $183,996,000 after purchasing an additional 6,819,919 shares in the last quarter. Geode Capital Management LLC grew its stake in Sabra Health Care REIT by 1.7% during the third quarter. Geode Capital Management LLC now owns 6,294,798 shares of the real estate investment trust’s stock worth $117,165,000 after purchasing an additional 104,533 shares during the period. Bank of New York Mellon Corp increased its holdings in Sabra Health Care REIT by 13.0% in the fourth quarter. Bank of New York Mellon Corp now owns 4,039,651 shares of the real estate investment trust’s stock worth $69,967,000 after purchasing an additional 463,601 shares in the last quarter. Finally, Wellington Management Group LLP lifted its stake in Sabra Health Care REIT by 736.5% in the third quarter. Wellington Management Group LLP now owns 2,396,835 shares of the real estate investment trust’s stock valued at $44,605,000 after buying an additional 2,110,307 shares during the period. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SBRA shares. 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 research note on Tuesday, January 7th. 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. Mizuho reissued 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. Finally, Truist Financial boosted their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a research report on Tuesday, March 18th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.33.

Sabra Health Care REIT Trading Up 0.9 %

NASDAQ:SBRA opened at $17.54 on Friday. Sabra Health Care REIT, Inc. has a one year low of $13.31 and a one year high of $20.03. The company has a market cap of $4.17 billion, a PE ratio of 33.09, a PEG ratio of 1.97 and a beta of 1.27. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. The firm has a 50-day moving average of $16.83 and a 200-day moving average of $17.68.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. As a group, equities research analysts expect that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.84%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT’s dividend payout ratio is 226.42%.

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.