Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Acquired by abrdn plc

abrdn plc grew its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 58.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 875,495 shares of the real estate investment trust's stock after purchasing an additional 322,255 shares during the period. abrdn plc owned approximately 0.38% of Sabra Health Care REIT worth $16,293,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Family Firm Inc. acquired a new stake in shares of Sabra Health Care REIT in the second quarter valued at about $26,000. GAMMA Investing LLC increased its holdings in Sabra Health Care REIT by 40.0% in the second quarter. GAMMA Investing LLC now owns 3,682 shares of the real estate investment trust's stock valued at $57,000 after buying an additional 1,052 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Sabra Health Care REIT by 1,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust's stock valued at $114,000 after acquiring an additional 5,776 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Sabra Health Care REIT during the 3rd quarter worth approximately $130,000. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Sabra Health Care REIT in the 2nd quarter worth approximately $117,000. 99.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SBRA has been the subject of several research reports. Citigroup raised Sabra Health Care REIT from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $17.00 to $20.00 in a report on Friday, September 13th. Truist Financial boosted their price objective on shares of Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. Scotiabank raised 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 report on Friday, October 11th. Finally, Wells Fargo & Company upgraded shares of Sabra Health Care REIT from an "equal weight" rating to an "overweight" rating and lifted their target price for the stock from $16.00 to $20.00 in a research report on Tuesday, October 1st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $18.38.

Sabra Health Care REIT Stock Down 3.9 %

Shares of NASDAQ SBRA traded down $0.76 on Friday, hitting $18.64. The company had a trading volume of 8,134,848 shares, compared to its average volume of 1,540,569. The company has a quick ratio of 4.27, a current ratio of 4.27 and a debt-to-equity ratio of 0.89. Sabra Health Care REIT, Inc. has a 12-month low of $12.83 and a 12-month high of $19.78. The firm has a market capitalization of $4.37 billion, a P/E ratio of 45.46, a PEG ratio of 2.77 and a beta of 1.25. The business has a 50 day moving average of $18.21 and a two-hundred day moving average of $16.17.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.24). Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.50%. The firm had revenue of $176.14 million during the quarter, compared to analyst estimates of $166.54 million. During the same period last year, the business earned $0.34 EPS. The firm's revenue was up 9.3% compared to the same quarter last year. As a group, equities research analysts forecast that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be given a $0.30 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 6.44%. Sabra Health Care REIT's payout ratio is currently 292.69%.

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.