Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Sold by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. lowered its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 6.8% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,027,410 shares of the real estate investment trust’s stock after selling 149,045 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in Sabra Health Care REIT were worth $31,222,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Family Firm Inc. purchased a new position in shares of Sabra Health Care REIT during the second quarter valued at approximately $26,000. Neo Ivy Capital Management acquired a new stake in shares of Sabra Health Care REIT during the fourth quarter worth $41,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of Sabra Health Care REIT in the fourth quarter valued at $56,000. GAMMA Investing LLC grew its position in shares of 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 purchasing an additional 1,052 shares during the period. Finally, Future Financial Wealth Managment LLC purchased a new position in Sabra Health Care REIT during the first quarter worth about $89,000. Institutional investors and hedge funds own 99.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Citigroup upgraded Sabra Health Care REIT from a “neutral” rating to a “buy” rating and lifted their price target for the company from $17.00 to $20.00 in a report on Friday, September 13th. Scotiabank raised their price target on shares of 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. Finally, Truist Financial increased 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. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Sabra Health Care REIT presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.30.

Sabra Health Care REIT Trading Up 0.4 %

NASDAQ:SBRA opened at $18.44 on Friday. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 92.20, a price-to-earnings-growth ratio of 2.72 and a beta of 1.26. Sabra Health Care REIT, Inc. has a one year low of $12.83 and a one year high of $19.32. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.27 and a current ratio of 4.27. The business’s 50-day simple moving average is $17.14 and its 200 day simple moving average is $15.45.

Sabra Health Care REIT (NASDAQ:SBRA) last released its earnings results on Wednesday, August 7th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.24). The business had revenue of $176.14 million for the quarter, compared to analysts’ expectations of $166.54 million. Sabra Health Care REIT had a net margin of 7.83% and a return on equity of 1.87%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. As a group, sell-side analysts predict that Sabra Health Care REIT, Inc. will post 1.38 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, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a $1.20 annualized dividend and a yield of 6.51%. Sabra Health Care REIT’s payout ratio is 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.