Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Sold by Bright Futures Wealth Management LLC.

Bright Futures Wealth Management LLC. lowered its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 70.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,314 shares of the real estate investment trust’s stock after selling 24,762 shares during the period. Bright Futures Wealth Management LLC.’s holdings in Sabra Health Care REIT were worth $171,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Quarry LP acquired a new stake in Sabra Health Care REIT during the 3rd quarter worth $30,000. Assetmark Inc. boosted its stake in Sabra Health Care REIT by 168.4% during the 3rd quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,231 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Sabra Health Care REIT during the 3rd quarter worth $59,000. Harbor Capital Advisors Inc. acquired a new stake in Sabra Health Care REIT during the 3rd quarter worth $78,000. Finally, International Assets Investment Management LLC raised its position in Sabra Health Care REIT by 1,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 5,776 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Performance

Shares of SBRA opened at $16.68 on Friday. The company has a 50-day simple moving average of $17.01 and a 200-day simple moving average of $17.61. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $3.95 billion, a PE ratio of 40.68, a P/E/G ratio of 2.02 and a beta of 1.25. Sabra Health Care REIT, Inc. has a 52-week low of $13.31 and a 52-week high of $20.03.

Sabra Health Care REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.19%. Sabra Health Care REIT’s dividend payout ratio is presently 292.69%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SBRA shares. Truist Financial downgraded shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and cut their price objective for the stock from $18.00 to $17.00 in a research report on Friday, January 17th. Mizuho restated 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. Citizens Jmp upgraded shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. 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 research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.86.

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.