Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 8.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,701,881 shares of the real estate investment trust’s stock after purchasing an additional 365,855 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Sabra Health Care REIT were worth $87,502,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Point72 Asset Management L.P. increased its holdings in Sabra Health Care REIT by 152.7% in the second quarter. Point72 Asset Management L.P. now owns 1,732,274 shares of the real estate investment trust’s stock valued at $26,677,000 after buying an additional 1,046,748 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Sabra Health Care REIT by 1,557.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 927,309 shares of the real estate investment trust’s stock valued at $17,258,000 after acquiring an additional 871,375 shares during the last quarter. Millennium Management LLC acquired a new stake in shares of Sabra Health Care REIT during the 2nd quarter worth about $12,972,000. APG Asset Management US Inc. lifted its stake in Sabra Health Care REIT by 28.9% during the second quarter. APG Asset Management US Inc. now owns 2,562,962 shares of the real estate investment trust’s stock worth $39,495,000 after purchasing an additional 575,000 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Sabra Health Care REIT by 77.0% in the second quarter. Renaissance Technologies LLC now owns 1,287,279 shares of the real estate investment trust’s stock valued at $19,824,000 after purchasing an additional 559,800 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Sabra Health Care REIT Stock Performance

NASDAQ SBRA opened at $18.91 on Thursday. The firm has a market cap of $4.47 billion, a P/E ratio of 46.32, a P/E/G ratio of 2.33 and a beta of 1.25. Sabra Health Care REIT, Inc. has a 52-week low of $12.83 and a 52-week high of $20.03. The business’s 50-day moving average price is $18.63 and its 200 day moving average price is $16.76. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.90.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.22). Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. The company had revenue of $178.00 million during the quarter, compared to analysts’ expectations of $177.19 million. During the same quarter last year, the business posted $0.34 earnings per share. On average, equities research analysts expect that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 6.35%. Sabra Health Care REIT’s payout ratio is currently 292.69%.

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.