Groupe la Francaise Purchases Shares of 31,498 Sabra Healthcare REIT, Inc. $SBRA

Groupe la Francaise acquired a new stake in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) in the second quarter, HoldingsChannel reports. The fund acquired 31,498 shares of the real estate investment trust’s stock, valued at approximately $580,000.

Several other institutional investors also recently modified their holdings of SBRA. SVB Wealth LLC bought a new stake in shares of Sabra Healthcare REIT in 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. increased its position 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 buying an additional 1,065 shares during the last quarter. Anchor Investment Management LLC bought a new stake in Sabra Healthcare REIT in the first quarter valued at approximately $58,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Sabra Healthcare REIT in the first quarter valued at approximately $63,000. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

SBRA has been the subject of several research analyst reports. BMO Capital Markets lifted their target price on Sabra Healthcare REIT from $19.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, August 25th. UBS Group assumed coverage on Sabra Healthcare REIT in a report on Tuesday, November 18th. They set a “neutral” rating and a $20.00 price target for the company. Truist Financial lifted their price objective on shares of Sabra Healthcare REIT from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, September 2nd. Weiss Ratings reissued a “buy (b)” rating on shares of Sabra Healthcare REIT in a research report on Wednesday, October 8th. Finally, National Bankshares set a $22.00 target price on shares of Sabra Healthcare REIT in a research note on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.88.

Sabra Healthcare REIT Stock Performance

NASDAQ:SBRA opened at $19.05 on Friday. The stock has a 50 day simple moving average of $18.42 and a 200 day simple moving average of $18.43. The stock has a market cap of $4.75 billion, a P/E ratio of 26.46, a PEG ratio of 1.22 and a beta of 0.67. Sabra Healthcare REIT, Inc. has a 1-year low of $15.60 and a 1-year high of $19.97. The company has a current ratio of 5.19, a quick ratio of 5.19 and a debt-to-equity ratio of 0.92.

Sabra Healthcare REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Sabra Healthcare REIT had a return on equity of 6.38% and a net margin of 23.50%.The firm had revenue of $190.04 million for the quarter, compared to analyst estimates of $193.44 million. During the same period in the prior year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. Sabra Healthcare REIT has set its FY 2025 guidance at 1.455-1.465 EPS. Research analysts anticipate that Sabra Healthcare REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were paid a $0.30 dividend. The ex-dividend date was Monday, November 17th. This represents a $1.20 annualized dividend and a yield of 6.3%. Sabra Healthcare REIT’s payout ratio is 166.67%.

About Sabra Healthcare REIT

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.