Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Stock Holdings Lifted by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC raised its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 8.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 70,459 shares of the real estate investment trust’s stock after purchasing an additional 5,507 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Sabra Health Care REIT were worth $1,085,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of SBRA. Norges Bank purchased a new stake in Sabra Health Care REIT in the 4th quarter worth approximately $31,605,000. Natixis acquired a new stake in Sabra Health Care REIT in the first quarter valued at approximately $633,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in Sabra Health Care REIT by 63.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 318,808 shares of the real estate investment trust’s stock worth $4,709,000 after acquiring an additional 123,966 shares in the last quarter. Cetera Advisors LLC raised its holdings 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 valued at $2,209,000 after purchasing an additional 135,929 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings 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 valued at $6,007,000 after purchasing an additional 103,413 shares in the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Wall Street Analyst Weigh In

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

Sabra Health Care REIT Stock Performance

Shares of NASDAQ SBRA opened at $18.79 on Tuesday. Sabra Health Care REIT, Inc. has a one year low of $12.83 and a one year high of $18.85. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 93.95, a PEG ratio of 2.65 and a beta of 1.26. The company has a current ratio of 4.27, a quick ratio of 4.27 and a debt-to-equity ratio of 0.89. The business has a fifty day simple moving average of $16.64 and a 200 day simple moving average of $15.16.

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

Sabra Health Care REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.39%. The ex-dividend date was Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio is 600.00%.

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.