Ieq Capital LLC purchased a new position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 20,000 shares of the real estate investment trust’s stock, valued at approximately $230,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of Sabra Health Care REIT by 2.3% in the fourth quarter. Alps Advisors Inc. now owns 35,790 shares of the real estate investment trust’s stock worth $445,000 after buying an additional 791 shares during the period. Newbridge Financial Services Group Inc. grew its stake in Sabra Health Care REIT by 64.9% during the first 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 in the last quarter. Cetera Investment Advisers increased its holdings in Sabra Health Care REIT by 1.2% in the 1st quarter. Cetera Investment Advisers now owns 80,608 shares of the real estate investment trust’s stock valued at $1,200,000 after acquiring an additional 919 shares during the last quarter. Parallel Advisors LLC lifted its stake in Sabra Health Care REIT by 13.9% in the 4th quarter. Parallel Advisors LLC now owns 7,572 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 925 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Sabra Health Care REIT by 4.2% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 23,948 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 974 shares during the last quarter. Hedge funds and other institutional investors own 89.13% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the company. Citigroup increased their price target on Sabra Health Care REIT from $11.00 to $12.50 and gave the company a “neutral” rating in a research note on Friday, July 14th. Stifel Nicolaus reduced their target price on shares of Sabra Health Care REIT from $15.00 to $14.00 in a report on Thursday, May 4th. Truist Financial lowered their price target on shares of Sabra Health Care REIT from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, March 29th. Barclays reduced their price objective on Sabra Health Care REIT from $15.00 to $13.00 in a research note on Tuesday, April 25th. Finally, StockNews.com assumed coverage on Sabra Health Care REIT in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Two 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, Sabra Health Care REIT currently has an average rating of “Hold” and an average price target of $12.81.
Sabra Health Care REIT Trading Up 0.4 %
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 issued a dividend of $0.30 per share. The ex-dividend date was Monday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 9.14%. Sabra Health Care REIT’s payout ratio is -214.28%.
Sabra Health Care REIT Company Profile
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.
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