Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. boosted its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 12.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 524,917 shares of the real estate investment trust's stock after purchasing an additional 57,551 shares during the quarter. Franklin Resources Inc. owned approximately 0.22% of Sabra Health Care REIT worth $9,543,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Family Firm Inc. purchased a new stake in shares of Sabra Health Care REIT in the 2nd quarter worth about $26,000. Quarry LP purchased a new stake in shares of Sabra Health Care REIT in the third quarter valued at about $30,000. Assetmark Inc. grew its position in shares of Sabra Health Care REIT by 168.4% in the third quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,231 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Sabra Health Care REIT during the 3rd quarter worth approximately $59,000. Finally, Harbor Capital Advisors Inc. acquired a new position in shares of Sabra Health Care REIT during the 3rd quarter worth approximately $78,000. Institutional investors and hedge funds own 99.40% of the company's stock.

Sabra Health Care REIT Trading Up 1.4 %

Shares of SBRA traded up $0.23 during mid-day trading on Friday, hitting $16.96. The company had a trading volume of 5,428,297 shares, compared to its average volume of 2,064,589. Sabra Health Care REIT, Inc. has a 1-year low of $12.83 and a 1-year high of $20.03. The business's 50-day simple moving average is $18.44 and its 200-day simple moving average is $17.18. The stock has a market cap of $4.01 billion, a PE ratio of 41.37, a P/E/G ratio of 2.20 and a beta of 1.24. 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 (NASDAQ:SBRA - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.35 by ($0.22). The company had revenue of $178.00 million during the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.34 EPS. Sell-side analysts forecast that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

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. The ex-dividend date was Friday, November 15th. This represents a $1.20 annualized dividend and a yield of 7.08%. Sabra Health Care REIT's dividend payout ratio is presently 292.68%.

Analyst Ratings Changes

A number of equities research analysts have commented on SBRA shares. Truist Financial increased their target price on Sabra Health Care REIT from $16.00 to $18.00 and gave the company 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 increased their price objective for the company from $16.00 to $20.00 in a research note on Tuesday, October 1st. Scotiabank boosted their target price on shares of 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. Mizuho reaffirmed a "neutral" rating and set a $20.00 price target on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Finally, Citigroup raised shares of Sabra Health Care REIT from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $17.00 to $20.00 in a research report on Friday, September 13th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $19.14.

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.