Sumitomo Mitsui DS Asset Management Company Ltd Grows Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 17.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,231 shares of the real estate investment trust’s stock after purchasing an additional 6,666 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Sabra Health Care REIT were worth $681,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SBRA. Family Firm Inc. bought a new stake in Sabra Health Care REIT during the second quarter valued at approximately $26,000. GAMMA Investing LLC bought a new position in shares of Sabra Health Care REIT in the 4th quarter worth $33,000. Neo Ivy Capital Management bought a new stake in shares of Sabra Health Care REIT during the 4th quarter worth $41,000. Principal Securities Inc. purchased a new position in Sabra Health Care REIT in the fourth quarter worth $46,000. Finally, Newbridge Financial Services Group Inc. bought a new position in Sabra Health Care REIT in the fourth quarter valued at $56,000. 99.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Truist Financial lifted their price target on Sabra Health Care REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Scotiabank raised their price objective on Sabra Health Care REIT from $15.00 to $17.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.60.

Sabra Health Care REIT Trading Up 1.2 %

NASDAQ SBRA opened at $17.04 on Monday. The firm has a market cap of $3.99 billion, a PE ratio of 85.20, a price-to-earnings-growth ratio of 2.46 and a beta of 1.24. Sabra Health Care REIT, Inc. has a 1-year low of $12.31 and a 1-year high of $17.07. The stock has a 50-day moving average of $16.09 and a 200-day moving average of $14.86. The company has a current ratio of 4.27, a quick ratio of 4.27 and a debt-to-equity ratio of 0.89.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.24). Sabra Health Care REIT had a net margin of 7.83% and a return on equity of 1.87%. The company had revenue of $176.14 million during the quarter, compared to the consensus estimate of $166.54 million. During the same quarter in the previous year, the firm posted $0.34 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Sabra Health Care REIT, Inc. will post 1.37 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date was Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 600.00%.

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.