Mutual of America Capital Management LLC Sells 13,597 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Mutual of America Capital Management LLC lowered its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 2.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 471,806 shares of the real estate investment trust’s stock after selling 13,597 shares during the period. Mutual of America Capital Management LLC owned 0.20% of Sabra Health Care REIT worth $8,780,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SBRA. Sei Investments Co. lifted its position in Sabra Health Care REIT by 1.4% during the first quarter. Sei Investments Co. now owns 109,558 shares of the real estate investment trust’s stock valued at $1,618,000 after buying an additional 1,469 shares during the period. US Bancorp DE lifted its position in Sabra Health Care REIT by 8.3% during the first quarter. US Bancorp DE now owns 22,412 shares of the real estate investment trust’s stock valued at $331,000 after buying an additional 1,713 shares during the period. ProShare Advisors LLC lifted its position in Sabra Health Care REIT by 4.7% during the first quarter. ProShare Advisors LLC now owns 52,900 shares of the real estate investment trust’s stock valued at $781,000 after buying an additional 2,393 shares during the period. Orion Portfolio Solutions LLC raised its position in shares of Sabra Health Care REIT by 2.4% in the 1st quarter. Orion Portfolio Solutions LLC now owns 82,364 shares of the real estate investment trust’s stock worth $1,217,000 after purchasing an additional 1,962 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Sabra Health Care REIT by 31.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 55,909 shares of the real estate investment trust’s stock worth $822,000 after purchasing an additional 13,527 shares during the last quarter. Institutional investors own 99.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SBRA shares. Truist Financial lifted their price target on Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Citigroup raised Sabra Health Care REIT from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $17.00 to $20.00 in a research report on Friday, September 13th. Scotiabank lifted their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company raised Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $16.00 to $20.00 in a research report on Tuesday, October 1st. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, Sabra Health Care REIT currently has an average rating of “Moderate Buy” and a consensus target price of $18.71.

Sabra Health Care REIT Price Performance

Shares of NASDAQ:SBRA opened at $18.11 on Tuesday. Sabra Health Care REIT, Inc. has a fifty-two week low of $12.83 and a fifty-two week high of $20.03. The business has a 50-day simple moving average of $18.61 and a two-hundred day simple moving average of $16.60. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.16 and a current ratio of 4.16. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 44.17, a price-to-earnings-growth ratio of 2.28 and a beta of 1.25.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The firm had revenue of $178.00 million for the quarter, compared to the consensus estimate of $177.19 million. Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. During the same quarter in the prior year, the firm earned $0.34 earnings per share. On average, analysts expect that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current year.

Sabra Health Care REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.63%. Sabra Health Care REIT’s dividend payout ratio is currently 292.68%.

Sabra Health Care REIT Company Profile

As of September 30, 2023, Sabra's investment portfolio included 377 real estate properties held for investment (consisting of (i) 240 Skilled Nursing/Transitional Care facilities, (ii) 43 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), 12 investments in loans receivable (consisting of two mortgage loans and 10 other loans), five preferred equity investments and two investments in unconsolidated joint ventures.