Zurcher Kantonalbank Zurich Cantonalbank Buys 3,633 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,060 shares of the real estate investment trust’s stock after purchasing an additional 3,633 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sabra Health Care REIT were worth $1,271,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Principal Financial Group Inc. increased its holdings in Sabra Health Care REIT by 1.5% in the third 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. grew its stake in Sabra Health Care REIT by 709.0% in the third quarter. JPMorgan Chase & Co. now owns 13,504,420 shares of the real estate investment trust’s stock valued at $188,252,000 after acquiring an additional 11,835,109 shares during the period. LSV Asset Management grew its stake in Sabra Health Care REIT by 0.9% in the third quarter. LSV Asset Management now owns 4,278,349 shares of the real estate investment trust’s stock valued at $59,640,000 after acquiring an additional 37,100 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Sabra Health Care REIT by 2.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,096,283 shares of the real estate investment trust’s stock valued at $57,102,000 after acquiring an additional 116,444 shares during the period. Finally, Northern Trust Corp grew its stake in Sabra Health Care REIT by 8.6% in the third quarter. Northern Trust Corp now owns 3,348,859 shares of the real estate investment trust’s stock valued at $46,683,000 after acquiring an additional 264,569 shares during the period. Institutional investors own 99.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SBRA shares. Mizuho boosted their target price on Sabra Health Care REIT from $15.00 to $17.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Wedbush reissued an “outperform” rating and issued a $17.00 target price on shares of Sabra Health Care REIT in a research note on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Sabra Health Care REIT in a research note on Tuesday, January 30th. They issued a “buy” rating and a $21.00 target price for the company. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $15.77.

Sabra Health Care REIT Stock Up 2.1 %

SBRA stock opened at $13.94 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.41 and a quick ratio of 3.41. The stock has a market capitalization of $3.23 billion, a P/E ratio of 278.80, a P/E/G ratio of 4.92 and a beta of 1.16. The business has a 50-day moving average of $14.06 and a 200-day moving average of $14.04. Sabra Health Care REIT, Inc. has a fifty-two week low of $10.30 and a fifty-two week high of $14.91.

Sabra Health Care REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 13th were issued a dividend of $0.30 per share. The ex-dividend date was Monday, February 12th. This represents a $1.20 annualized dividend and a yield of 8.61%. Sabra Health Care REIT’s payout ratio is presently 2,400.00%.

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.