Swiss National Bank Decreases Stock Position in Sabra Healthcare REIT, Inc. $SBRA

Swiss National Bank trimmed its holdings in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 454,541 shares of the real estate investment trust’s stock after selling 3,900 shares during the period. Swiss National Bank owned approximately 0.19% of Sabra Healthcare REIT worth $8,382,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. SVB Wealth LLC bought a new position in shares of Sabra Healthcare REIT during the first quarter valued at $34,000. Wealth Preservation Advisors LLC purchased a new position in Sabra Healthcare REIT in the 1st quarter worth about $38,000. Northwestern Mutual Wealth Management Co. lifted its stake in Sabra Healthcare REIT by 61.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,806 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 1,065 shares during the period. Anchor Investment Management LLC purchased a new stake in shares of Sabra Healthcare REIT during the 1st quarter valued at about $58,000. Finally, Assetmark Inc. boosted its holdings 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 acquiring an additional 989 shares during the last quarter. Institutional investors own 99.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of Sabra Healthcare REIT in a report on Wednesday, October 8th. Cantor Fitzgerald assumed coverage on shares of Sabra Healthcare REIT in a research note on Wednesday, October 1st. They set a “neutral” rating and a $20.00 target price for the company. Wells Fargo & Company increased their price target on Sabra Healthcare REIT from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. Wall Street Zen downgraded Sabra Healthcare REIT from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, BMO Capital Markets upped their price objective on Sabra Healthcare REIT from $19.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, August 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Sabra Healthcare REIT has an average rating of “Moderate Buy” and an average price target of $20.78.

Sabra Healthcare REIT Stock Up 0.7%

Shares of SBRA stock opened at $19.48 on Friday. The company has a current ratio of 4.80, a quick ratio of 4.80 and a debt-to-equity ratio of 0.91. Sabra Healthcare REIT, Inc. has a 12 month low of $15.60 and a 12 month high of $19.97. The stock has a market cap of $4.86 billion, a P/E ratio of 25.63, a P/E/G ratio of 1.10 and a beta of 0.84. The company has a 50 day simple moving average of $18.37 and a two-hundred day simple moving average of $18.39.

Sabra Healthcare REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $190.04 million during the quarter, compared to the consensus estimate of $193.44 million. Sabra Healthcare REIT had a net margin of 24.87% and a return on equity of 6.69%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 EPS. Sabra Healthcare REIT has set its FY 2025 guidance at 1.455-1.465 EPS. On average, research analysts expect that Sabra Healthcare REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend was Monday, November 17th. Sabra Healthcare REIT’s payout ratio is presently 166.67%.

Sabra Healthcare REIT 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.