Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRAFree Report) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,576 shares of the real estate investment trust’s stock after selling 6,268 shares during the period. Nisa Investment Advisors LLC’s holdings in Sabra Health Care REIT were worth $1,881,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SBRA. Principal Financial Group Inc. raised its position in shares of Sabra Health Care REIT by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 21,573,436 shares of the real estate investment trust’s stock worth $401,479,000 after acquiring an additional 167,069 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Sabra Health Care REIT by 222.4% during the third quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust’s stock worth $183,996,000 after purchasing an additional 6,819,919 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Sabra Health Care REIT by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 6,294,798 shares of the real estate investment trust’s stock worth $117,165,000 after buying an additional 104,533 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Sabra Health Care REIT by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,701,881 shares of the real estate investment trust’s stock valued at $87,502,000 after buying an additional 365,855 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Sabra Health Care REIT by 3.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,394,562 shares of the real estate investment trust’s stock valued at $52,275,000 after buying an additional 124,825 shares during the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SBRA has been the subject of several research analyst reports. JMP Securities upgraded shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Tuesday, January 7th. Mizuho reaffirmed 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. Truist Financial downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating and decreased their price objective for the company from $18.00 to $17.00 in a report on Friday, January 17th. Wells Fargo & Company raised shares of Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $16.00 to $20.00 in a report on Tuesday, October 1st. Finally, Scotiabank upped their price target 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. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.13.

Check Out Our Latest Analysis on Sabra Health Care REIT

Sabra Health Care REIT Stock Up 1.0 %

Shares of Sabra Health Care REIT stock opened at $16.92 on Monday. Sabra Health Care REIT, Inc. has a one year low of $12.83 and a one year high of $20.03. The company has a market cap of $4.00 billion, a P/E ratio of 41.27, a PEG ratio of 2.00 and a beta of 1.26. 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 firm has a fifty day moving average of $17.51 and a two-hundred day moving average of $17.59.

Sabra Health Care REIT (NASDAQ:SBRAGet Free Report) last posted its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $178.00 million for 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. On average, analysts forecast that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 7.09%. The ex-dividend date of this dividend was Friday, November 15th. Sabra Health Care REIT’s payout ratio is 292.69%.

Sabra Health Care REIT Profile

(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.

See Also

Institutional Ownership by Quarter for Sabra Health Care REIT (NASDAQ:SBRA)

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