Creative Planning Acquires 1,992 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Creative Planning raised its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,284 shares of the real estate investment trust’s stock after acquiring an additional 1,992 shares during the period. Creative Planning’s holdings in Sabra Health Care REIT were worth $452,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Family Firm Inc. bought a new position in Sabra Health Care REIT in the second quarter valued at about $26,000. GAMMA Investing LLC grew its position in Sabra Health Care REIT by 40.0% in the second quarter. GAMMA Investing LLC now owns 3,682 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,052 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in Sabra Health Care REIT in the second quarter valued at about $117,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Sabra Health Care REIT in the second quarter valued at about $122,000. Finally, Future Financial Wealth Managment LLC bought a new position in Sabra Health Care REIT in the third quarter valued at about $130,000. Institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Trading Down 1.5 %

NASDAQ SBRA opened at $18.48 on Thursday. The business has a 50 day moving average price of $18.30 and a 200-day moving average price of $16.28. Sabra Health Care REIT, Inc. has a 52 week low of $12.83 and a 52 week high of $19.78. The company has a market cap of $4.37 billion, a price-to-earnings ratio of 44.85, a P/E/G ratio of 2.67 and a beta of 1.25. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.90.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). Sabra Health Care REIT had a return on equity of 3.51% and a net margin of 14.20%. The company had revenue of $178.00 million for the quarter, compared to the consensus estimate of $177.19 million. During the same quarter last year, the company posted $0.34 EPS. As a group, equities analysts expect that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 annualized dividend and a yield of 6.49%. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently 292.69%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SBRA. Wells Fargo & Company raised Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $16.00 to $20.00 in a research note on Tuesday, October 1st. Truist Financial lifted their price objective on Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Scotiabank lifted their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Finally, Citigroup raised Sabra Health Care REIT from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $17.00 to $20.00 in a research note on Friday, September 13th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, Sabra Health Care REIT presently has an average rating of “Moderate Buy” and a consensus price target of $18.38.

Sabra Health Care REIT Company Profile

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.