Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Sold by Presima Securities ULC

Presima Securities ULC lowered its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 13.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 872,365 shares of the real estate investment trust’s stock after selling 136,816 shares during the quarter. Sabra Health Care REIT accounts for about 3.7% of Presima Securities ULC’s portfolio, making the stock its 11th biggest holding. Presima Securities ULC owned 0.37% of Sabra Health Care REIT worth $15,109,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Inspire Investing LLC increased its stake in shares of Sabra Health Care REIT by 4.5% during the fourth quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust’s stock worth $401,000 after purchasing an additional 992 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in Sabra Health Care REIT by 0.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust’s stock worth $3,068,000 after buying an additional 763 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Sabra Health Care REIT by 31.1% during the fourth quarter. SG Americas Securities LLC now owns 21,941 shares of the real estate investment trust’s stock valued at $380,000 after acquiring an additional 5,204 shares during the last quarter. Diversify Advisory Services LLC purchased a new position in shares of Sabra Health Care REIT in the fourth quarter valued at approximately $202,000. Finally, ORG Partners LLC boosted its stake in shares of Sabra Health Care REIT by 2,031.8% in the fourth quarter. ORG Partners LLC now owns 25,283 shares of the real estate investment trust’s stock worth $438,000 after acquiring an additional 24,097 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on SBRA shares. Truist Financial downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating and reduced their price objective for the company from $18.00 to $17.00 in a research note on Friday, January 17th. JMP Securities raised shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Tuesday, January 7th. Mizuho reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Citizens Jmp raised shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Wells Fargo & Company upgraded Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $16.00 to $20.00 in a research report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.13.

Sabra Health Care REIT Stock Performance

Shares of Sabra Health Care REIT stock opened at $16.92 on Friday. The firm has a market cap of $4.00 billion, a PE ratio of 41.27, a price-to-earnings-growth ratio of 2.00 and a beta of 1.26. 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, Inc. has a 52 week low of $12.83 and a 52 week high of $20.03. The business’s fifty day simple moving average is $17.51 and its 200-day simple moving average is $17.56.

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). The company had revenue of $178.00 million for the quarter, compared to analysts’ expectations of $177.19 million. Sabra Health Care REIT had a return on equity of 3.51% and a net margin of 14.20%. During the same period last year, the business earned $0.34 EPS. Equities analysts forecast that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current year.

Sabra Health Care REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 7.09%. The ex-dividend date of this dividend was Friday, November 15th. Sabra Health Care REIT’s dividend payout ratio (DPR) is 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.