Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Bought by ORG Partners LLC

ORG Partners LLC lifted its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 2,031.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,283 shares of the real estate investment trust’s stock after buying an additional 24,097 shares during the quarter. ORG Partners LLC’s holdings in Sabra Health Care REIT were worth $438,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Commonwealth Equity Services LLC lifted its holdings in shares of Sabra Health Care REIT by 8.5% in the second quarter. Commonwealth Equity Services LLC now owns 70,459 shares of the real estate investment trust’s stock valued at $1,085,000 after purchasing an additional 5,507 shares in the last quarter. Arizona State Retirement System grew its holdings in Sabra Health Care REIT by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 64,802 shares of the real estate investment trust’s stock valued at $998,000 after buying an additional 1,258 shares during the last quarter. Quest Partners LLC increased its position in Sabra Health Care REIT by 36,621.1% during the second quarter. Quest Partners LLC now owns 13,954 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 13,916 shares in the last quarter. Texas Permanent School Fund Corp raised its holdings in shares of Sabra Health Care REIT by 22.1% in the second quarter. Texas Permanent School Fund Corp now owns 247,000 shares of the real estate investment trust’s stock worth $3,804,000 after acquiring an additional 44,639 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Sabra Health Care REIT by 13.3% in the second quarter. American Century Companies Inc. now owns 45,800 shares of the real estate investment trust’s stock valued at $705,000 after acquiring an additional 5,373 shares in the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Sabra Health Care REIT Trading Down 3.4 %

Shares of SBRA opened at $16.59 on Friday. Sabra Health Care REIT, Inc. has a twelve month low of $12.83 and a twelve month high of $20.03. The firm has a market capitalization of $3.92 billion, a P/E ratio of 40.46, a price-to-earnings-growth ratio of 2.20 and a beta of 1.26. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90. The stock’s fifty day simple moving average is $17.96 and its 200 day simple moving average is $17.43.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.22). The firm had revenue of $178.00 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.34 earnings per share. On average, equities research analysts forecast that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.23%. The ex-dividend date was Friday, November 15th. Sabra Health Care REIT’s dividend payout ratio is presently 292.68%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $16.00 to $20.00 in a research note on Tuesday, October 1st. Scotiabank upped their price objective on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “sector perform” rating in a research note on Friday, October 11th. JMP Securities raised shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research note on Tuesday. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Mizuho reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.25.

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.