Daiwa Securities Group Inc. Grows Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Posted by on Jul 29th, 2023

Daiwa Securities Group Inc. grew its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Free Report) by 11.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 70,604 shares of the real estate investment trust’s stock after purchasing an additional 7,461 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Sabra Health Care REIT were worth $812,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Accel Wealth Management bought a new position in shares of Sabra Health Care REIT during the fourth quarter valued at approximately $25,000. Newbridge Financial Services Group Inc. raised its holdings in shares of 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. Hollencrest Capital Management bought a new position in shares of Sabra Health Care REIT during the fourth quarter valued at approximately $31,000. Point72 Hong Kong Ltd bought a new position in shares of Sabra Health Care REIT during the second quarter valued at approximately $31,000. Finally, Worth Asset Management LLC bought a new position in shares of Sabra Health Care REIT during the first quarter valued at approximately $44,000. Hedge funds and other institutional investors own 89.13% of the company’s stock.

Sabra Health Care REIT Price Performance

NASDAQ SBRA opened at $12.96 on Friday. Sabra Health Care REIT, Inc. has a 12 month low of $10.08 and a 12 month high of $16.60. The stock’s fifty day moving average price is $11.85 and its 200-day moving average price is $11.94. The company has a debt-to-equity ratio of 0.81, a current ratio of 3.13 and a quick ratio of 3.13.

Sabra Health Care REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Investors of record on Tuesday, May 16th were given a dividend of $0.30 per share. The ex-dividend date was Monday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 9.26%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently -214.28%.

Analyst Ratings Changes

SBRA has been the subject of a number of recent analyst reports. Wells Fargo & Company initiated coverage on Sabra Health Care REIT in a report on Wednesday, April 19th. They set an “underweight” rating and a $11.00 target price for the company. Berenberg Bank assumed coverage on Sabra Health Care REIT in a report on Thursday. They issued a “hold” rating and a $13.00 price objective for the company. Citigroup increased their price objective on Sabra Health Care REIT from $11.00 to $12.50 and gave the stock a “neutral” rating in a report on Friday, July 14th. Credit Suisse Group reiterated a “neutral” rating and issued a $13.00 price objective on shares of Sabra Health Care REIT in a report on Wednesday, April 12th. Finally, Barclays decreased their price objective on Sabra Health Care REIT from $15.00 to $13.00 in a report on Tuesday, April 25th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $12.83.

Sabra Health Care REIT Company 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.

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

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