13,922 Shares in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Acquired by Entropy Technologies LP

Entropy Technologies LP purchased a new stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,922 shares of the real estate investment trust’s stock, valued at approximately $259,000.

Several other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in shares of 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 valued at $86,000 after acquiring an additional 932 shares during the period. Mercer Global Advisors Inc. ADV raised its position in Sabra Health Care REIT by 2.5% in the second quarter. Mercer Global Advisors Inc. ADV now owns 48,448 shares of the real estate investment trust’s stock valued at $746,000 after purchasing an additional 1,168 shares during the period. Assetmark Inc. lifted its stake in shares of Sabra Health Care REIT by 168.4% during the third quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,231 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Sabra Health Care REIT by 2.0% in the second quarter. Arizona State Retirement System now owns 64,802 shares of the real estate investment trust’s stock worth $998,000 after buying an additional 1,258 shares during the period. Finally, QRG Capital Management Inc. grew its stake in shares of Sabra Health Care REIT by 2.1% in the second quarter. QRG Capital Management Inc. now owns 62,517 shares of the real estate investment trust’s stock valued at $963,000 after buying an additional 1,266 shares in the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SBRA has been the subject of a number of analyst reports. Scotiabank upped their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. Citigroup upgraded shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and upped their target price for the company from $17.00 to $20.00 in a research note on Friday, September 13th. Truist Financial raised their price target on shares of Sabra Health Care REIT from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Wells Fargo & Company upgraded shares of Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $16.00 to $20.00 in a report on Tuesday, October 1st. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Sabra Health Care REIT has a consensus rating of “Moderate Buy” and a consensus price target of $18.71.

Sabra Health Care REIT Trading Up 1.3 %

NASDAQ SBRA opened at $18.18 on Friday. The company’s fifty day moving average price is $18.60 and its two-hundred day moving average price is $16.55. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 44.34, a price-to-earnings-growth ratio of 2.35 and a beta of 1.25. Sabra Health Care REIT, Inc. has a 12 month low of $12.83 and a 12 month high of $20.03. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.16 and a quick ratio of 4.16.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 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 company had revenue of $178.00 million for the quarter, compared to the consensus estimate of $177.19 million. During the same period in the previous year, the business posted $0.34 EPS. As a group, research analysts predict that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.60%. The ex-dividend date of this dividend is Friday, November 15th. Sabra Health Care REIT’s dividend payout ratio is currently 292.69%.

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.