Sabra Health Care REIT (NASDAQ:SBRA) Sets New 1-Year High at $15.43

Sabra Health Care REIT, Inc. (NASDAQ:SBRA)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $15.43 and last traded at $15.33, with a volume of 291739 shares trading hands. The stock had previously closed at $15.40.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SBRA. Scotiabank upped their target price on shares of Sabra Health Care REIT from $14.00 to $15.00 and gave the company a “sector perform” rating in a research report on Wednesday, May 15th. Truist Financial upped their target price on shares of Sabra Health Care REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Thursday, June 27th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.79.

Sabra Health Care REIT Trading Up 0.3 %

The business has a 50 day moving average of $14.44 and a 200-day moving average of $14.12. The company has a current ratio of 4.33, a quick ratio of 4.33 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $3.58 billion, a P/E ratio of 77.30, a PEG ratio of 2.46 and a beta of 1.24.

Sabra Health Care REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, May 17th. This represents a $1.20 dividend on an annualized basis and a yield of 7.76%. Sabra Health Care REIT’s payout ratio is 600.00%.

Insider Buying and Selling

In other Sabra Health Care REIT news, Director Catherine Cusack bought 7,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The stock was acquired at an average cost of $14.43 per share, with a total value of $101,010.00. Following the purchase, the director now owns 46,385 shares in the company, valued at $669,335.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sabra Health Care REIT

Several hedge funds have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of Sabra Health Care REIT by 40.0% during the 2nd quarter. GAMMA Investing LLC now owns 3,682 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 1,052 shares in the last quarter. Bright Futures Wealth Management LLC. bought a new position in shares of Sabra Health Care REIT during the 1st quarter worth approximately $548,000. Cetera Advisors LLC grew its stake in shares of Sabra Health Care REIT by 996.2% during the 1st quarter. Cetera Advisors LLC now owns 149,574 shares of the real estate investment trust’s stock worth $2,209,000 after acquiring an additional 135,929 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Sabra Health Care REIT by 34.1% during the 1st quarter. Cetera Investment Advisers now owns 406,675 shares of the real estate investment trust’s stock worth $6,007,000 after acquiring an additional 103,413 shares in the last quarter. Finally, EMC Capital Management grew its stake in shares of Sabra Health Care REIT by 6.2% during the 1st quarter. EMC Capital Management now owns 23,972 shares of the real estate investment trust’s stock worth $354,000 after acquiring an additional 1,400 shares in the last quarter. 99.40% of the stock is owned by institutional investors.

About Sabra Health Care REIT

As of September 30, 2023, Sabra's investment portfolio included 377 real estate properties held for investment (consisting of (i) 240 Skilled Nursing/Transitional Care facilities, (ii) 43 senior housing communities (Senior Housing – Leased), (iii) 61 senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 18 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), 12 investments in loans receivable (consisting of two mortgage loans and 10 other loans), five preferred equity investments and two investments in unconsolidated joint ventures.