Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 3.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 22,160 shares of the real estate investment trust’s stock after selling 680 shares during the quarter. Inspire Investing LLC’s holdings in Sabra Health Care REIT were worth $412,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SBRA. Future Financial Wealth Managment LLC acquired a new position in shares of Sabra Health Care REIT during the 3rd quarter worth approximately $130,000. GAMMA Investing LLC increased its holdings in Sabra Health Care REIT by 25.3% in the 3rd quarter. GAMMA Investing LLC now owns 4,614 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 932 shares in the last quarter. Handelsbanken Fonder AB raised its position in Sabra Health Care REIT by 58.6% during the third quarter. Handelsbanken Fonder AB now owns 77,706 shares of the real estate investment trust’s stock worth $1,446,000 after acquiring an additional 28,700 shares during the period. SG Americas Securities LLC purchased a new position in Sabra Health Care REIT during the third quarter valued at $311,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Sabra Health Care REIT in the second quarter valued at about $122,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SBRA. Citigroup upgraded shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and upped their price target for the stock from $17.00 to $20.00 in a research report on Friday, September 13th. Scotiabank increased their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “sector perform” rating in a report on Friday, October 11th. Truist Financial lifted their price target 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. Finally, Wells Fargo & Company raised Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $16.00 to $20.00 in a research note on Tuesday, October 1st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.38.

Sabra Health Care REIT Trading Down 1.1 %

Shares of SBRA opened at $18.22 on Friday. Sabra Health Care REIT, Inc. has a 12-month low of $12.83 and a 12-month high of $19.32. The firm has a market capitalization of $4.27 billion, a P/E ratio of 86.76, a P/E/G ratio of 2.61 and a beta of 1.26. The firm has a 50-day moving average price of $17.63 and a 200 day moving average price of $15.81. 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 results on Wednesday, August 7th. The real estate investment trust reported $0.10 earnings per share (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 firm 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 business earned $0.34 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Sell-side analysts forecast that Sabra Health Care REIT, Inc. will post 1.38 EPS for the current year.

Sabra Health Care REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 19th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date was Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio is presently 571.43%.

Sabra Health Care REIT 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.