Future Financial Wealth Managment LLC Buys New Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Future Financial Wealth Managment LLC bought a new stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,000 shares of the real estate investment trust’s stock, valued at approximately $130,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Sabra Health Care REIT by 2.5% in the first quarter. Vanguard Group Inc. now owns 34,972,611 shares of the real estate investment trust’s stock worth $516,545,000 after acquiring an additional 838,654 shares in the last quarter. Principal Financial Group Inc. grew its position in Sabra Health Care REIT by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 21,571,121 shares of the real estate investment trust’s stock valued at $318,605,000 after purchasing an additional 83,842 shares during the last quarter. Janus Henderson Group PLC grew its position in Sabra Health Care REIT by 2.9% during the 1st quarter. Janus Henderson Group PLC now owns 5,199,682 shares of the real estate investment trust’s stock valued at $76,701,000 after purchasing an additional 145,548 shares during the last quarter. LSV Asset Management boosted its holdings in shares of 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 last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Sabra Health Care REIT by 3.8% during 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 acquiring an additional 124,825 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SBRA shares. Citigroup upgraded shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $17.00 to $20.00 in a research report on Friday, September 13th. Wells Fargo & Company upgraded shares of Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $16.00 to $20.00 in a report on Tuesday, October 1st. Scotiabank upped their target price on Sabra Health Care REIT from $15.00 to $17.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Finally, Truist Financial upped their target price 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. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, Sabra Health Care REIT has an average rating of “Moderate Buy” and an average price target of $17.80.

Sabra Health Care REIT Trading Down 0.9 %

SBRA stock opened at $17.89 on Wednesday. Sabra Health Care REIT, Inc. has a 1-year low of $12.83 and a 1-year high of $19.32. The firm has a market cap of $4.19 billion, a P/E ratio of 89.45, a P/E/G ratio of 2.58 and a beta of 1.26. The business’s 50 day moving average is $17.38 and its 200-day moving average is $15.65. 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 posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.24). Sabra Health Care REIT had a return on equity of 1.87% and a net margin of 7.83%. The business had revenue of $176.14 million for the quarter, compared to analyst estimates of $166.54 million. During the same quarter in the prior year, the company earned $0.34 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Equities analysts anticipate 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 company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were paid a $0.30 dividend. The ex-dividend date was Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a yield of 6.71%. Sabra Health Care REIT’s dividend payout ratio (DPR) 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.