Dimensional Fund Advisors LP grew its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Get Rating) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,143,476 shares of the real estate investment trust's stock after acquiring an additional 20,905 shares during the period. Dimensional Fund Advisors LP owned about 1.36% of Sabra Health Care REIT worth $41,240,000 at the end of the most recent quarter.
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Several other large investors have also recently made changes to their positions in SBRA. EverSource Wealth Advisors LLC acquired a new position in Sabra Health Care REIT during the third quarter worth $29,000. Point72 Hong Kong Ltd purchased a new position in Sabra Health Care REIT during the second quarter worth about $31,000. Lazard Asset Management LLC purchased a new position in Sabra Health Care REIT during the second quarter worth about $38,000. Worth Asset Management LLC purchased a new position in Sabra Health Care REIT during the first quarter worth about $44,000. Finally, SeaCrest Wealth Management LLC purchased a new position in Sabra Health Care REIT during the second quarter worth about $58,000. 87.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of SBRA opened at $11.91 on Wednesday. The company has a current ratio of 3.27, a quick ratio of 3.27 and a debt-to-equity ratio of 0.82. The firm has a market cap of $2.75 billion, a PE ratio of -35.03 and a beta of 1.29. The company's 50 day simple moving average is $12.94 and its 200-day simple moving average is $13.29. Sabra Health Care REIT, Inc. has a 12-month low of $11.44 and a 12-month high of $16.60.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Monday, February 13th were given a $0.30 dividend. The ex-dividend date was Friday, February 10th. This represents a $1.20 dividend on an annualized basis and a yield of 10.08%. Sabra Health Care REIT's dividend payout ratio (DPR) is -352.93%.
Several analysts have recently issued reports on SBRA shares. JMP Securities cut shares of Sabra Health Care REIT from an "outperform" rating to a "market perform" rating in a research report on Tuesday, December 13th. Bank of America cut shares of Sabra Health Care REIT from a "neutral" rating to an "underperform" rating and reduced their price target for the stock from $15.00 to $13.00 in a research report on Monday, November 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $14.50.
Sabra Health Care REIT, Inc engages in managing and investing in healthcare-related real estate properties. It focuses on the acquisition, financing and owning real estate property to be leased to third party tenants in the healthcare sector. The company was founded on May 10, 2010 and is headquartered in Irvine, CA.
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