Quest Partners LLC Has $215,000 Stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Quest Partners LLC lifted its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 36,621.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,954 shares of the real estate investment trust’s stock after buying an additional 13,916 shares during the quarter. Quest Partners LLC’s holdings in Sabra Health Care REIT were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Family Firm Inc. acquired a new stake in shares of Sabra Health Care REIT during the 2nd quarter worth approximately $26,000. Neo Ivy Capital Management bought a new position in shares of Sabra Health Care REIT in the 4th quarter worth $41,000. Principal Securities Inc. bought a new position in shares of Sabra Health Care REIT in the 4th quarter worth $46,000. Newbridge Financial Services Group Inc. bought a new position in shares of Sabra Health Care REIT in the 4th quarter worth $56,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Sabra Health Care REIT by 40.0% in the 2nd quarter. GAMMA Investing LLC now owns 3,682 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 1,052 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Analysts Set New Price Targets

SBRA has been the topic of a number of recent research reports. Citigroup upgraded Sabra Health Care REIT from a “neutral” rating to a “buy” rating and increased their target price for the stock from $17.00 to $20.00 in a report on Friday. Truist Financial increased their target price on Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Finally, Scotiabank raised their price objective on Sabra Health Care REIT from $15.00 to $17.00 and gave the company a “sector perform” rating in a research note on Monday, August 26th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Sabra Health Care REIT currently has an average rating of “Moderate Buy” and an average target price of $17.09.

Sabra Health Care REIT Trading Up 1.3 %

Shares of Sabra Health Care REIT stock opened at $18.59 on Monday. Sabra Health Care REIT, Inc. has a 1 year low of $12.83 and a 1 year high of $18.67. The firm has a market cap of $4.35 billion, a PE ratio of 92.95, a P/E/G ratio of 2.65 and a beta of 1.26. The stock has a fifty day moving average price of $16.57 and a 200-day moving average price of $15.12. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.27 and a quick ratio of 4.27.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.24). Sabra Health Care REIT had a net margin of 7.83% and a return on equity of 1.87%. The business had revenue of $176.14 million for the quarter, compared to analysts’ expectations of $166.54 million. During the same period in the prior year, the business earned $0.34 earnings per share. The company’s revenue for the quarter was up 9.3% compared to the same quarter last year. Equities research analysts anticipate that Sabra Health Care REIT, Inc. will post 1.37 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.46%. The ex-dividend date was Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio is presently 600.00%.

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.