Healthcare of Ontario Pension Plan Trust Fund Purchases 183,659 Shares of Sabra Healthcare REIT, Inc. $SBRA

Healthcare of Ontario Pension Plan Trust Fund grew its position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 45.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 587,253 shares of the real estate investment trust’s stock after purchasing an additional 183,659 shares during the period. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Sabra Healthcare REIT were worth $11,293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Sabra Healthcare REIT by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 35,430,016 shares of the real estate investment trust’s stock valued at $671,045,000 after buying an additional 481,231 shares in the last quarter. Principal Financial Group Inc. raised its stake in Sabra Healthcare REIT by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 25,052,121 shares of the real estate investment trust’s stock worth $481,755,000 after buying an additional 98,770 shares during the period. Nuveen LLC lifted its holdings in Sabra Healthcare REIT by 28.6% during the fourth quarter. Nuveen LLC now owns 7,303,254 shares of the real estate investment trust’s stock worth $138,324,000 after acquiring an additional 1,625,072 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Sabra Healthcare REIT by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 7,018,556 shares of the real estate investment trust’s stock worth $132,949,000 after acquiring an additional 198,118 shares in the last quarter. Finally, Bank of America Corp DE lifted its holdings in Sabra Healthcare REIT by 9.4% during the third quarter. Bank of America Corp DE now owns 5,224,116 shares of the real estate investment trust’s stock worth $97,378,000 after acquiring an additional 447,528 shares in the last quarter. 99.40% of the stock is owned by institutional investors.

Sabra Healthcare REIT Stock Performance

Shares of SBRA opened at $22.26 on Wednesday. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 35.33, a PEG ratio of 1.73 and a beta of 0.65. Sabra Healthcare REIT, Inc. has a 12 month low of $17.17 and a 12 month high of $22.77. The firm has a fifty day simple moving average of $19.73 and a 200 day simple moving average of $19.88. The company has a current ratio of 4.72, a quick ratio of 4.72 and a debt-to-equity ratio of 0.96.

Sabra Healthcare REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Sabra Healthcare REIT had a net margin of 19.22% and a return on equity of 5.60%. The firm had revenue of $211.74 million for the quarter, compared to analyst estimates of $209.20 million. During the same period in the previous year, the business earned $0.37 EPS. The company’s revenue was up 20.9% compared to the same quarter last year. Research analysts forecast that Sabra Healthcare REIT, Inc. will post 1.51 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on SBRA shares. Raymond James Financial initiated coverage on Sabra Healthcare REIT in a research report on Wednesday, June 17th. They issued an “underperform” rating for the company. Barclays initiated coverage on shares of Sabra Healthcare REIT in a research note on Tuesday, July 7th. They issued an “overweight” rating and a $21.00 price target on the stock. Robert W. Baird upped their price target on shares of Sabra Healthcare REIT from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, July 22nd. Wells Fargo & Company increased their price objective on shares of Sabra Healthcare REIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Monday, June 1st. Finally, Citigroup reaffirmed a “market outperform” rating on shares of Sabra Healthcare REIT in a research report on Wednesday, July 22nd. Eight analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $22.25.

Sabra Healthcare REIT Company Profile

Sabra Healthcare REIT, Inc (NASDAQ: SBRA) is a real estate investment trust that acquires, owns and operates net‐lease healthcare properties. Its diversified portfolio spans senior housing communities, skilled nursing and rehabilitation centers, outpatient medical facilities, medical office buildings, hospitals and life science properties. Sabra structures long‐term, triple‐net lease agreements with healthcare operators, providing stable rental income streams while allowing tenants to focus on patient care and operational excellence.

Serving a broad spectrum of care segments, Sabra’s tenants include both regional and national providers of assisted living, independent living, memory care, post‐acute rehabilitation and research and development laboratories.