Parallel Advisors LLC Boosts Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Posted by on May 3rd, 2023

Parallel Advisors LLC grew its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Get Rating) by 13.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,572 shares of the real estate investment trust’s stock after purchasing an additional 925 shares during the quarter. Parallel Advisors LLC’s holdings in Sabra Health Care REIT were worth $94,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in SBRA. Vanguard Group Inc. increased its holdings in shares of Sabra Health Care REIT by 2.4% during the first quarter. Vanguard Group Inc. now owns 36,317,289 shares of the real estate investment trust’s stock valued at $540,765,000 after acquiring an additional 859,548 shares in the last quarter. State Street Corp boosted its position in Sabra Health Care REIT by 0.7% in the third quarter. State Street Corp now owns 12,205,889 shares of the real estate investment trust’s stock valued at $160,141,000 after buying an additional 81,240 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Sabra Health Care REIT by 7.5% in the first quarter. Goldman Sachs Group Inc. now owns 5,486,951 shares of the real estate investment trust’s stock valued at $81,701,000 after buying an additional 384,092 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in Sabra Health Care REIT by 5.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,621,195 shares of the real estate investment trust’s stock worth $53,920,000 after purchasing an additional 193,550 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Sabra Health Care REIT by 0.7% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,143,476 shares of the real estate investment trust’s stock valued at $41,240,000 after purchasing an additional 20,905 shares in the last quarter. 87.20% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SBRA shares. Wells Fargo & Company started coverage on shares of Sabra Health Care REIT in a report on Wednesday, April 19th. They issued an “underweight” rating and a $11.00 price objective for the company. Citigroup reduced their price target on shares of Sabra Health Care REIT from $13.00 to $10.50 and set a “neutral” rating for the company in a research report on Tuesday, March 28th. Barclays dropped their price objective on shares of Sabra Health Care REIT from $15.00 to $13.00 in a research note on Tuesday, April 25th. StockNews.com assumed coverage on shares of Sabra Health Care REIT in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $13.00 price objective on shares of Sabra Health Care REIT in a research report on Wednesday, April 12th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Sabra Health Care REIT presently has a consensus rating of “Hold” and a consensus target price of $13.10.

Sabra Health Care REIT Trading Down 1.8 %

SBRA stock opened at $11.16 on Wednesday. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -32.82 and a beta of 1.31. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.82. The business has a fifty day simple moving average of $11.37 and a 200-day simple moving average of $12.36. Sabra Health Care REIT, Inc. has a 52 week low of $10.08 and a 52 week high of $16.60.

Sabra Health Care REIT Profile

(Get Rating)

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Irvine, CA.

Featured Stories

Want to see what other hedge funds are holding SBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Get Rating).

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

Receive News & Ratings for Sabra Health Care REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Health Care REIT and related companies with MarketBeat.com's FREE daily email newsletter.