International Assets Investment Management LLC Boosts Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

International Assets Investment Management LLC grew its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 1,761.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,104 shares of the real estate investment trust’s stock after acquiring an additional 5,776 shares during the quarter. International Assets Investment Management LLC’s holdings in Sabra Health Care REIT were worth $114,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Family Firm Inc. bought a new stake in shares of Sabra Health Care REIT in the second quarter worth $26,000. GAMMA Investing LLC grew its stake in Sabra Health Care REIT by 40.0% during 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 in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of Sabra Health Care REIT in the second quarter worth about $117,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Sabra Health Care REIT during the 2nd quarter worth approximately $122,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in Sabra Health Care REIT during the third quarter valued at $130,000. 99.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

SBRA has been the subject of several analyst reports. Scotiabank lifted their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Citigroup raised shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and raised their target price for the stock from $17.00 to $20.00 in a research report on Friday, September 13th. Wells Fargo & Company raised shares of Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $16.00 to $20.00 in a research note on Tuesday, October 1st. Finally, Truist Financial increased their target price on 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. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.71.

Sabra Health Care REIT Stock Performance

Shares of Sabra Health Care REIT stock opened at $19.32 on Friday. 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 50 day moving average price of $18.38 and a 200 day moving average price of $16.32. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.90. The firm has a market capitalization of $4.57 billion, a P/E ratio of 47.12, a PEG ratio of 2.67 and a beta of 1.25.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The firm had revenue of $178.00 million during the quarter, compared to analysts’ expectations of $177.19 million. Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. During the same quarter in the prior year, the company earned $0.34 EPS. Sell-side analysts expect that Sabra Health Care REIT, Inc. will post 1.39 EPS for the current year.

Sabra Health Care REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.21%. The ex-dividend date is Friday, November 15th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 292.69%.

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.