Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lifted its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 283.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 49,542 shares of the real estate investment trust’s stock after buying an additional 36,616 shares during the period. Los Angeles Capital Management LLC’s holdings in Sabra Health Care REIT were worth $922,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its position in Sabra Health Care REIT by 25.3% during the 3rd quarter. GAMMA Investing LLC now owns 4,614 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 932 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Sabra Health Care REIT by 2.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 48,448 shares of the real estate investment trust’s stock worth $746,000 after purchasing an additional 1,168 shares during the period. Assetmark Inc. grew its position in Sabra Health Care REIT by 168.4% in the 3rd quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 1,231 shares during the last quarter. Arizona State Retirement System increased its stake in Sabra Health Care REIT by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 64,802 shares of the real estate investment trust’s stock valued at $998,000 after buying an additional 1,258 shares during the period. Finally, QRG Capital Management Inc. raised its position in Sabra Health Care REIT by 2.1% during the 2nd quarter. QRG Capital Management Inc. now owns 62,517 shares of the real estate investment trust’s stock worth $963,000 after buying an additional 1,266 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup raised shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and lifted their target price for the company from $17.00 to $20.00 in a report on Friday, September 13th. Wells Fargo & Company upgraded Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $16.00 to $20.00 in a research report on Tuesday, October 1st. Truist Financial lifted their price target on Sabra Health Care REIT from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Scotiabank increased their price objective on 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. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.71.

Sabra Health Care REIT Trading Up 1.3 %

Shares of SBRA stock opened at $18.18 on Friday. Sabra Health Care REIT, Inc. has a twelve month low of $12.83 and a twelve month high of $20.03. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 44.34, a PEG ratio of 2.35 and a beta of 1.25. The firm has a 50-day moving average price of $18.60 and a 200 day moving average price of $16.54. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). The firm had revenue of $178.00 million for 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 period in the previous year, the company posted $0.34 EPS. Research analysts forecast that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current fiscal 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 6.60%. The ex-dividend date is Friday, November 15th. Sabra Health Care REIT’s dividend payout ratio is currently 292.69%.

About Sabra Health Care REIT

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.