Gilman Hill Asset Management LLC cut its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 603,557 shares of the real estate investment trust's stock after selling 25,156 shares during the period. Sabra Health Care REIT comprises about 1.8% of Gilman Hill Asset Management LLC's investment portfolio, making the stock its 7th largest position. Gilman Hill Asset Management LLC owned about 0.26% of Sabra Health Care REIT worth $10,454,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its position in shares of Sabra Health Care REIT by 4.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust's stock worth $286,000 after buying an additional 655 shares during the period. GAMMA Investing LLC boosted its stake in shares of Sabra Health Care REIT by 25.3% in the 3rd quarter. GAMMA Investing LLC now owns 4,614 shares of the real estate investment trust's stock valued at $86,000 after purchasing an additional 932 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Sabra Health Care REIT by 2.5% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 48,448 shares of the real estate investment trust's stock worth $746,000 after purchasing an additional 1,168 shares in the last quarter. Assetmark Inc. lifted its holdings in Sabra Health Care REIT by 168.4% during the 3rd 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. Finally, Hancock Whitney Corp boosted its position in Sabra Health Care REIT by 0.7% in the third quarter. Hancock Whitney Corp now owns 194,819 shares of the real estate investment trust's stock valued at $3,626,000 after buying an additional 1,352 shares in the last quarter. 99.40% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently commented on SBRA. Scotiabank increased their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "sector perform" rating in a research report on Friday, October 11th. JMP Securities upgraded shares of Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price target on the stock in a research report on Tuesday, January 7th. Wells Fargo & Company raised shares of Sabra Health Care REIT from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $16.00 to $20.00 in a research note on Tuesday, October 1st. Mizuho reissued a "neutral" rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Finally, Citizens Jmp upgraded Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.13.
Check Out Our Latest Research Report on Sabra Health Care REIT
Sabra Health Care REIT Trading Down 1.4 %
SBRA traded down $0.24 during midday trading on Monday, reaching $16.94. 1,729,884 shares of the company were exchanged, compared to its average volume of 1,767,751. 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 stock has a market capitalization of $4.01 billion, a P/E ratio of 41.32, a PEG ratio of 2.05 and a beta of 1.26. The stock's 50-day simple moving average is $17.71 and its 200 day simple moving average is $17.54. Sabra Health Care REIT, Inc. has a one year low of $12.83 and a one year high of $20.03.
Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last issued its earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.22). The firm 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 company posted $0.34 EPS. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 7.08%. Sabra Health Care REIT's payout ratio is 292.69%.
Sabra Health Care REIT Company Profile
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Free Report)
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.
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