Pacer Advisors Inc. Grows Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Pacer Advisors Inc. increased its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 79.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,766 shares of the real estate investment trust’s stock after buying an additional 15,364 shares during the quarter. Pacer Advisors Inc.’s holdings in Sabra Health Care REIT were worth $496,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Sabra Health Care REIT by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 36,317,289 shares of the real estate investment trust’s stock valued at $540,765,000 after purchasing an additional 859,548 shares during the last quarter. BlackRock Inc. increased its holdings in Sabra Health Care REIT by 1.5% in the 2nd quarter. BlackRock Inc. now owns 33,148,725 shares of the real estate investment trust’s stock valued at $390,160,000 after purchasing an additional 486,114 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Sabra Health Care REIT by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 21,003,193 shares of the real estate investment trust’s stock valued at $292,783,000 after purchasing an additional 313,517 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Sabra Health Care REIT by 709.0% during the third quarter. JPMorgan Chase & Co. now owns 13,504,420 shares of the real estate investment trust’s stock worth $188,252,000 after acquiring an additional 11,835,109 shares during the period. Finally, State Street Corp increased its position in shares of Sabra Health Care REIT by 0.7% during the third quarter. State Street Corp now owns 12,205,889 shares of the real estate investment trust’s stock worth $160,141,000 after acquiring an additional 81,240 shares during the period. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Trading Up 1.6 %

Shares of Sabra Health Care REIT stock opened at $14.48 on Friday. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.86. The company has a 50-day moving average of $13.96 and a two-hundred day moving average of $14.04. Sabra Health Care REIT, Inc. has a 12-month low of $10.30 and a 12-month high of $14.91. The stock has a market cap of $3.35 billion, a PE ratio of 289.60, a price-to-earnings-growth ratio of 5.24 and a beta of 1.16.

Sabra Health Care REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 13th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, February 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.29%. Sabra Health Care REIT’s dividend payout ratio (DPR) is 2,400.00%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Wedbush reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Sabra Health Care REIT in a research report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft started coverage on shares of Sabra Health Care REIT in a research note on Tuesday, January 30th. They set a “buy” rating and a $21.00 target price for the company. Finally, Mizuho increased their target price on shares of Sabra Health Care REIT from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.35.

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.