abrdn plc Buys 8,193 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Posted by Defense World Staff on Jul 23rd, 2023

abrdn plc increased its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Free Report) by 1.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 758,742 shares of the real estate investment trust’s stock after purchasing an additional 8,193 shares during the quarter. abrdn plc owned 0.33% of Sabra Health Care REIT worth $8,726,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Accel Wealth Management bought a new position in Sabra Health Care REIT in the 4th quarter valued at $25,000. Newbridge Financial Services Group Inc. grew its position in Sabra Health Care REIT by 64.9% in the 1st quarter. Newbridge Financial Services Group Inc. now owns 2,308 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 908 shares during the last quarter. Hollencrest Capital Management bought a new position in Sabra Health Care REIT in the 4th quarter valued at $31,000. Point72 Hong Kong Ltd bought a new position in Sabra Health Care REIT in the 2nd quarter valued at $31,000. Finally, Worth Asset Management LLC bought a new position in Sabra Health Care REIT in the 1st quarter valued at $44,000. Institutional investors own 89.13% of the company’s stock.

Sabra Health Care REIT Trading Up 0.2 %

Shares of NASDAQ SBRA opened at $13.13 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.13 and a quick ratio of 3.13. The stock has a market capitalization of $3.04 billion, a P/E ratio of -23.45 and a beta of 1.29. Sabra Health Care REIT, Inc. has a 1-year low of $10.08 and a 1-year high of $16.60. The business has a fifty day moving average price of $11.69 and a 200 day moving average price of $11.93.

Sabra Health Care REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Tuesday, May 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 9.14%. The ex-dividend date of this dividend was Monday, May 15th. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently -214.28%.

Analyst Upgrades and Downgrades

Several brokerages have commented on SBRA. Credit Suisse Group reaffirmed a “neutral” rating and issued a $13.00 price objective on shares of Sabra Health Care REIT in a research report on Wednesday, April 12th. Barclays dropped their price target on Sabra Health Care REIT from $15.00 to $13.00 in a research report on Tuesday, April 25th. Stifel Nicolaus dropped their price target on Sabra Health Care REIT from $15.00 to $14.00 in a research report on Thursday, May 4th. Wells Fargo & Company started coverage on Sabra Health Care REIT in a research report on Wednesday, April 19th. They set an “underweight” rating and a $11.00 price target on the stock. Finally, Truist Financial dropped their price target on Sabra Health Care REIT from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, March 29th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.81.

Sabra Health Care REIT Profile

(Free Report)

As of March 31, 2023, Sabra's investment portfolio included 396 real estate properties held for investment (consisting of (i) 258 Skilled Nursing/Transitional Care facilities, (ii) 47 senior housing communities (Senior Housing – Leased), (iii) 59 senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 17 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), 13 investments in loans receivable (consisting of two mortgage loans and 11 other loans), six preferred equity investments and three investments in unconsolidated joint ventures.