Te Ahumairangi Investment Management Ltd Lowers Stock Holdings in Sabra Healthcare REIT, Inc. $SBRA

Te Ahumairangi Investment Management Ltd cut its holdings in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 6.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 118,706 shares of the real estate investment trust’s stock after selling 8,400 shares during the quarter. Te Ahumairangi Investment Management Ltd’s holdings in Sabra Healthcare REIT were worth $2,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. SVB Wealth LLC acquired a new position in shares of Sabra Healthcare REIT during the 1st quarter valued at about $34,000. Wealth Preservation Advisors LLC acquired a new position in Sabra Healthcare REIT during the first quarter worth approximately $38,000. Northwestern Mutual Wealth Management Co. raised its stake in Sabra Healthcare REIT by 61.2% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,806 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,065 shares during the period. Anchor Investment Management LLC acquired a new position in shares of Sabra Healthcare REIT in the 1st quarter valued at $58,000. Finally, Assetmark Inc. grew its stake in shares of Sabra Healthcare REIT by 37.8% during the 1st quarter. Assetmark Inc. now owns 3,607 shares of the real estate investment trust’s stock valued at $63,000 after buying an additional 989 shares during the period. 99.40% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently weighed in on SBRA shares. BMO Capital Markets increased their target price on Sabra Healthcare REIT from $19.00 to $22.00 and gave the stock a “market perform” rating in a research report on Monday, August 25th. UBS Group assumed coverage on Sabra Healthcare REIT in a report on Tuesday, November 18th. They issued a “neutral” rating and a $20.00 price objective on the stock. Cantor Fitzgerald assumed coverage on Sabra Healthcare REIT in a report on Wednesday, October 1st. They set a “neutral” rating and a $20.00 target price for the company. Wells Fargo & Company increased their target price on shares of Sabra Healthcare REIT from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, National Bankshares set a $22.00 price objective on shares of Sabra Healthcare REIT in a research note on Friday, October 17th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $20.78.

Sabra Healthcare REIT Price Performance

Shares of NASDAQ SBRA opened at $19.34 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.80 and a quick ratio of 4.80. Sabra Healthcare REIT, Inc. has a 1-year low of $15.60 and a 1-year high of $19.97. The company has a market capitalization of $4.82 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 1.10 and a beta of 0.84. The business has a 50-day moving average of $18.34 and a 200-day moving average of $18.37.

Sabra Healthcare REIT (NASDAQ:SBRA) last announced its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.38 EPS for the quarter, beating the consensus estimate of $0.37 by $0.01. The business had revenue of $190.04 million for the quarter, compared to the consensus estimate of $193.44 million. Sabra Healthcare REIT had a return on equity of 6.69% and a net margin of 24.87%.The company’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the business posted $0.37 EPS. Sabra Healthcare REIT has set its FY 2025 guidance at 1.455-1.465 EPS. On average, equities analysts anticipate that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be paid a $0.30 dividend. The ex-dividend date is Monday, November 17th. This represents a $1.20 annualized dividend and a dividend yield of 6.2%. Sabra Healthcare REIT’s payout ratio is 166.67%.

Sabra Healthcare REIT Company Profile

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA.