Mutual of America Capital Management LLC Lowers Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Mutual of America Capital Management LLC lowered its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 485,403 shares of the real estate investment trust’s stock after selling 8,312 shares during the period. Mutual of America Capital Management LLC owned approximately 0.21% of Sabra Health Care REIT worth $7,475,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Principal Securities Inc. acquired a new stake in shares of Sabra Health Care REIT in the 4th quarter worth $46,000. Norges Bank purchased a new position in shares of Sabra Health Care REIT during the 4th quarter worth approximately $31,605,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Sabra Health Care REIT in the 4th quarter valued at approximately $182,000. PNC Financial Services Group Inc. boosted its stake in shares of Sabra Health Care REIT by 12.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 24,427 shares of the real estate investment trust’s stock valued at $349,000 after buying an additional 2,786 shares in the last quarter. Finally, UBS Group AG grew its holdings in Sabra Health Care REIT by 4.0% during the fourth quarter. UBS Group AG now owns 443,887 shares of the real estate investment trust’s stock worth $6,334,000 after acquiring an additional 16,976 shares during the period. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Citigroup upgraded shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $17.00 to $20.00 in a research report on Friday, September 13th. Scotiabank upped their target price on shares of Sabra Health Care REIT from $15.00 to $17.00 and gave the stock a “sector perform” rating in a research report on Monday, August 26th. Finally, Truist Financial lifted their price target on shares of Sabra Health Care REIT from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.09.

Sabra Health Care REIT Stock Performance

Sabra Health Care REIT stock opened at $18.36 on Friday. Sabra Health Care REIT, Inc. has a fifty-two week low of $12.83 and a fifty-two week high of $19.32. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 92.60, a PEG ratio of 2.71 and a beta of 1.26. The stock has a fifty day moving average of $16.79 and a two-hundred day moving average of $15.22. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.27 and a current ratio of 4.27.

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

Sabra Health Care REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.54%. The ex-dividend date was Monday, August 19th. Sabra Health Care REIT’s payout ratio is 600.00%.

Sabra Health Care REIT 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.