VIRGINIA RETIREMENT SYSTEMS ET Al cut its holdings in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA – Free Report) by 46.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 310,150 shares of the real estate investment trust’s stock after selling 267,650 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Sabra Healthcare REIT were worth $5,874,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in SBRA. Focus Partners Wealth raised its holdings in shares of Sabra Healthcare REIT by 11.4% during the first quarter. Focus Partners Wealth now owns 23,146 shares of the real estate investment trust’s stock valued at $404,000 after acquiring an additional 2,375 shares during the period. EverSource Wealth Advisors LLC increased its stake in Sabra Healthcare REIT by 150.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,555 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,536 shares during the period. First Trust Advisors LP increased its stake in Sabra Healthcare REIT by 27.2% in the 2nd quarter. First Trust Advisors LP now owns 368,383 shares of the real estate investment trust’s stock valued at $6,793,000 after buying an additional 78,709 shares during the period. Cerity Partners LLC increased its stake in Sabra Healthcare REIT by 73.0% in the 2nd quarter. Cerity Partners LLC now owns 18,686 shares of the real estate investment trust’s stock valued at $345,000 after buying an additional 7,885 shares during the period. Finally, Daiwa Securities Group Inc. grew its position in Sabra Healthcare REIT by 3.1% in the second quarter. Daiwa Securities Group Inc. now owns 83,889 shares of the real estate investment trust’s stock worth $1,547,000 after acquiring an additional 2,557 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.
Sabra Healthcare REIT Price Performance
NASDAQ SBRA opened at $21.10 on Thursday. The company has a current ratio of 4.72, a quick ratio of 4.72 and a debt-to-equity ratio of 0.96. Sabra Healthcare REIT, Inc. has a 1 year low of $17.08 and a 1 year high of $21.11. The company has a fifty day simple moving average of $20.26 and a 200 day simple moving average of $19.49. The company has a market cap of $5.32 billion, a P/E ratio of 33.49, a P/E/G ratio of 1.68 and a beta of 0.67.
Sabra Healthcare REIT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Friday, May 15th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, May 15th. This represents a $1.20 dividend on an annualized basis and a yield of 5.7%. Sabra Healthcare REIT’s dividend payout ratio is 190.48%.
Wall Street Analyst Weigh In
SBRA has been the subject of several recent research reports. Citigroup boosted their target price on shares of Sabra Healthcare REIT from $21.00 to $24.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Scotiabank boosted their target price on shares of Sabra Healthcare REIT from $20.00 to $21.00 and gave the stock a “sector perform” rating in a research report on Monday, March 2nd. Citizens Jmp boosted their target price on shares of Sabra Healthcare REIT from $22.00 to $23.00 and gave the stock a “market outperform” rating in a research report on Wednesday, February 18th. Weiss Ratings downgraded shares of Sabra Healthcare REIT from a “buy (a-)” rating to a “buy (b+)” rating in a research report on Friday, May 1st. Finally, Truist Financial upped their price objective on shares of Sabra Healthcare REIT from $21.00 to $22.00 and gave the stock a “hold” rating in a report on Friday, March 13th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, Sabra Healthcare REIT presently has an average rating of “Moderate Buy” and a consensus price target of $22.20.
Read Our Latest Analysis on SBRA
Sabra Healthcare REIT Company Profile
Sabra Healthcare REIT, Inc (NASDAQ: SBRA) is a real estate investment trust that acquires, owns and operates net‐lease healthcare properties. Its diversified portfolio spans senior housing communities, skilled nursing and rehabilitation centers, outpatient medical facilities, medical office buildings, hospitals and life science properties. Sabra structures long‐term, triple‐net lease agreements with healthcare operators, providing stable rental income streams while allowing tenants to focus on patient care and operational excellence.
Serving a broad spectrum of care segments, Sabra’s tenants include both regional and national providers of assisted living, independent living, memory care, post‐acute rehabilitation and research and development laboratories.
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