Tower Research Capital LLC TRC reduced its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Free Report) by 51.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,414 shares of the real estate investment trust’s stock after selling 13,068 shares during the period. Tower Research Capital LLC TRC’s holdings in Sabra Health Care REIT were worth $143,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently modified their holdings of SBRA. Deutsche Bank AG raised its holdings in Sabra Health Care REIT by 29.5% during the fourth quarter. Deutsche Bank AG now owns 11,354,105 shares of the real estate investment trust’s stock worth $141,132,000 after acquiring an additional 2,588,678 shares in the last quarter. Norges Bank bought a new stake in Sabra Health Care REIT during the fourth quarter worth about $26,809,000. Balyasny Asset Management LLC raised its holdings in Sabra Health Care REIT by 6,220.5% during the third quarter. Balyasny Asset Management LLC now owns 2,136,468 shares of the real estate investment trust’s stock worth $28,030,000 after acquiring an additional 2,102,666 shares in the last quarter. State Street Corp raised its holdings in Sabra Health Care REIT by 18.1% during the first quarter. State Street Corp now owns 12,035,766 shares of the real estate investment trust’s stock worth $179,213,000 after acquiring an additional 1,840,939 shares in the last quarter. Finally, Advisors Capital Management LLC raised its holdings in Sabra Health Care REIT by 355.0% during the first quarter. Advisors Capital Management LLC now owns 1,757,929 shares of the real estate investment trust’s stock worth $20,216,000 after acquiring an additional 1,371,592 shares in the last quarter. 86.36% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several research firms recently issued reports on SBRA. Bank of America upgraded Sabra Health Care REIT from an “underperform” rating to a “neutral” rating and upped their target price for the stock from $11.00 to $14.00 in a report on Friday, August 11th. StockNews.com started coverage on Sabra Health Care REIT in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. Berenberg Bank started coverage on Sabra Health Care REIT in a research note on Thursday, July 27th. They issued a “hold” rating and a $13.00 price objective on the stock. Stifel Nicolaus dropped their price objective on Sabra Health Care REIT from $15.00 to $14.00 in a research note on Thursday, May 4th. Finally, Citigroup upped their price objective 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $12.94.
Sabra Health Care REIT Trading Up 3.7 %
Shares of NASDAQ:SBRA opened at $12.74 on Thursday. The company has a market capitalization of $2.95 billion, a P/E ratio of -23.59 and a beta of 1.30. Sabra Health Care REIT, Inc. has a 1 year low of $10.08 and a 1 year high of $15.45. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.69 and a quick ratio of 3.69. The business’s 50 day simple moving average is $12.38 and its 200 day simple moving average is $11.80.
Sabra Health Care REIT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 17th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 9.42%. The ex-dividend date of this dividend is Wednesday, August 16th. Sabra Health Care REIT’s dividend payout ratio is currently -222.22%.
Sabra Health Care REIT Profile
As of June 30, 2023, Sabra's investment portfolio included 392 real estate properties held for investment (consisting of (i) 253 Skilled Nursing/Transitional Care facilities, (ii) 45 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), 13 investments in loans receivable (consisting of two mortgage loans and 11 other loans), five preferred equity investments and two investments in unconsolidated joint ventures.
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