Pensionfund DSM Netherlands Reduces Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Pensionfund DSM Netherlands lessened its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 22.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,730 shares of the real estate investment trust's stock after selling 35,000 shares during the quarter. Sabra Health Care REIT comprises 1.3% of Pensionfund DSM Netherlands' investment portfolio, making the stock its 25th largest position. Pensionfund DSM Netherlands owned about 0.05% of Sabra Health Care REIT worth $2,091,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its holdings in shares of Sabra Health Care REIT by 8.5% in the 2nd quarter. Commonwealth Equity Services LLC now owns 70,459 shares of the real estate investment trust's stock worth $1,085,000 after acquiring an additional 5,507 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Sabra Health Care REIT by 6.6% during the second quarter. Van ECK Associates Corp now owns 35,406 shares of the real estate investment trust's stock valued at $545,000 after buying an additional 2,201 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Sabra Health Care REIT by 0.3% in the second quarter. Rhumbline Advisers now owns 853,466 shares of the real estate investment trust's stock worth $13,143,000 after buying an additional 2,930 shares during the period. Arizona State Retirement System lifted its stake in shares of Sabra Health Care REIT by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 64,802 shares of the real estate investment trust's stock valued at $998,000 after acquiring an additional 1,258 shares during the last quarter. Finally, LSV Asset Management boosted its holdings in Sabra Health Care REIT by 2.5% during the 2nd quarter. LSV Asset Management now owns 4,380,815 shares of the real estate investment trust's stock valued at $67,465,000 after acquiring an additional 104,800 shares during the period. Institutional investors own 99.40% of the company's stock.

Wall Street Analyst Weigh In

SBRA has been the subject of several recent research reports. Wells Fargo & Company upgraded Sabra Health Care REIT from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $16.00 to $20.00 in a research report on Tuesday, October 1st. Mizuho reissued a "neutral" rating and set a $20.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Scotiabank boosted their price objective on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "sector perform" rating in a research report on Friday, October 11th. Finally, Citigroup upgraded shares of Sabra Health Care REIT from a "neutral" rating to a "buy" rating and increased their target price for the stock from $17.00 to $20.00 in a report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Sabra Health Care REIT currently has an average rating of "Moderate Buy" and a consensus price target of $19.14.

Sabra Health Care REIT Stock Down 3.7 %

Shares of NASDAQ SBRA traded down $0.63 during mid-day trading on Monday, hitting $16.63. 1,991,263 shares of the stock traded hands, compared to its average volume of 1,502,987. The stock has a fifty day moving average price of $18.15 and a 200-day moving average price of $17.41. 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 company has a market cap of $3.93 billion, a price-to-earnings ratio of 40.56, a PEG ratio of 2.20 and a beta of 1.26. Sabra Health Care REIT, Inc. has a 52 week low of $12.83 and a 52 week high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its 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). Sabra Health Care REIT had a return on equity of 3.51% and a net margin of 14.20%. The business had revenue of $178.00 million during the quarter, compared to analysts' expectations of $177.19 million. During the same period in the prior year, the company earned $0.34 earnings per share. Research analysts anticipate that Sabra Health Care REIT, Inc. will post 1.39 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors 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 annualized dividend and a dividend yield of 7.22%. Sabra Health Care REIT's payout ratio is currently 292.68%.

Sabra Health Care REIT 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.