Asset Management One Co. Ltd. Buys 66,929 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Asset Management One Co. Ltd. lifted its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 14.2% in the third quarter, according to its most recent filing with the SEC. The firm owned 539,004 shares of the real estate investment trust's stock after acquiring an additional 66,929 shares during the period. Asset Management One Co. Ltd. owned approximately 0.23% of Sabra Health Care REIT worth $10,031,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in SBRA. Point72 Asset Management L.P. raised its stake in Sabra Health Care REIT by 152.7% during the second quarter. Point72 Asset Management L.P. now owns 1,732,274 shares of the real estate investment trust's stock worth $26,677,000 after acquiring an additional 1,046,748 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Sabra Health Care REIT during the 2nd quarter worth about $12,972,000. Vanguard Group Inc. lifted its holdings in Sabra Health Care REIT by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 34,972,611 shares of the real estate investment trust's stock valued at $516,545,000 after purchasing an additional 838,654 shares during the last quarter. APG Asset Management US Inc. boosted its position in Sabra Health Care REIT by 28.9% in the second quarter. APG Asset Management US Inc. now owns 2,562,962 shares of the real estate investment trust's stock valued at $39,495,000 after buying an additional 575,000 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in Sabra Health Care REIT by 77.0% during the second quarter. Renaissance Technologies LLC now owns 1,287,279 shares of the real estate investment trust's stock worth $19,824,000 after buying an additional 559,800 shares during the last quarter. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Sabra Health Care REIT Trading Up 1.2 %

Sabra Health Care REIT stock traded up $0.23 during trading hours on Friday, reaching $19.55. 1,864,625 shares of the company's stock traded hands, compared to its average volume of 2,049,438. Sabra Health Care REIT, Inc. has a fifty-two week low of $12.83 and a fifty-two week high of $19.78. The firm's 50 day moving average is $18.38 and its 200-day moving average is $16.32. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.16 and a current ratio of 4.16. The firm has a market capitalization of $4.63 billion, a price-to-earnings ratio of 47.12, a PEG ratio of 2.64 and a beta of 1.25.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.35 by ($0.22). The business had revenue of $178.00 million during the quarter, compared to the consensus estimate of $177.19 million. Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. During the same period in the previous year, the business posted $0.34 earnings per share. On average, analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.14%. The ex-dividend date of this dividend is Friday, November 15th. Sabra Health Care REIT's payout ratio is 292.69%.

Analysts Set New Price Targets

Several research analysts have recently commented on SBRA shares. Truist Financial boosted their target price on Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a "buy" rating in a report on Wednesday, September 4th. Wells Fargo & Company raised Sabra Health Care REIT from an "equal weight" rating to an "overweight" rating and boosted their price objective for the stock from $16.00 to $20.00 in a research note on Tuesday, October 1st. Scotiabank raised their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "sector perform" rating in a research note on Friday, October 11th. Finally, Citigroup raised Sabra Health Care REIT from a "neutral" rating to a "buy" rating and lifted their price target for the company from $17.00 to $20.00 in a report on Friday, September 13th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.71.

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.