Rhumbline Advisers Buys 2,930 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Rhumbline Advisers lifted its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 0.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 853,466 shares of the real estate investment trust’s stock after purchasing an additional 2,930 shares during the quarter. Rhumbline Advisers’ holdings in Sabra Health Care REIT were worth $13,143,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Family Firm Inc. purchased a new stake in shares of Sabra Health Care REIT in the second quarter worth $26,000. Neo Ivy Capital Management purchased a new position in shares of Sabra Health Care REIT during the 4th quarter valued at $41,000. Principal Securities Inc. bought a new position in Sabra Health Care REIT in the 4th quarter worth $46,000. Newbridge Financial Services Group Inc. purchased a new stake in Sabra Health Care REIT in the 4th quarter worth $56,000. Finally, GAMMA Investing LLC raised its holdings in Sabra Health Care REIT by 40.0% during the second quarter. GAMMA Investing LLC now owns 3,682 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,052 shares during the period. 99.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SBRA. Truist Financial upped their price objective on Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Scotiabank upped their price target on Sabra Health Care REIT from $15.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Monday, August 26th. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.80.

Sabra Health Care REIT Stock Performance

NASDAQ SBRA opened at $17.62 on Wednesday. The business’s 50 day moving average price is $16.39 and its 200-day moving average price is $15.03. Sabra Health Care REIT, Inc. has a fifty-two week low of $12.83 and a fifty-two week high of $17.66. The company has a market cap of $4.13 billion, a P/E ratio of 88.10, a P/E/G ratio of 2.49 and a beta of 1.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.27 and a current ratio of 4.27.

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

Sabra Health Care REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.81%. The ex-dividend date of this dividend was Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 600.00%.

About Sabra Health Care REIT

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.