US Bancorp DE boosted its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Free Report) by 62.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,637 shares of the real estate investment trust’s stock after buying an additional 5,631 shares during the quarter. US Bancorp DE’s holdings in Sabra Health Care REIT were worth $168,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of SBRA. Raymond James & Associates increased its position in Sabra Health Care REIT by 70.8% during the first quarter. Raymond James & Associates now owns 46,061 shares of the real estate investment trust’s stock worth $686,000 after buying an additional 19,089 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Sabra Health Care REIT by 171.7% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 37,405 shares of the real estate investment trust’s stock valued at $557,000 after purchasing an additional 23,637 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Sabra Health Care REIT by 41.2% in the first quarter. HighTower Advisors LLC now owns 97,847 shares of the real estate investment trust’s stock valued at $1,454,000 after purchasing an additional 28,547 shares during the last quarter. Cetera Advisor Networks LLC grew its position in shares of Sabra Health Care REIT by 36.7% in the first quarter. Cetera Advisor Networks LLC now owns 26,902 shares of the real estate investment trust’s stock valued at $401,000 after purchasing an additional 7,217 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Sabra Health Care REIT by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 83,808 shares of the real estate investment trust’s stock valued at $1,248,000 after purchasing an additional 7,991 shares during the last quarter. 86.36% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on Sabra Health Care REIT in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Citigroup raised their price target on Sabra Health Care REIT from $11.00 to $12.50 and gave the company a “neutral” rating in a research report on Friday, July 14th. Stifel Nicolaus reduced their target price on shares of Sabra Health Care REIT from $15.00 to $14.00 in a research note on Thursday, May 4th. Bank of America upgraded shares of Sabra Health Care REIT from an “underperform” rating to a “neutral” rating and increased their target price for the company from $11.00 to $14.00 in a research note on Friday, August 11th. Finally, Berenberg Bank assumed coverage on shares of Sabra Health Care REIT in a research note on Thursday, July 27th. They issued a “hold” rating and a $13.00 target price for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $12.94.
Get Our Latest Research Report on Sabra Health Care REIT
Sabra Health Care REIT Stock Up 3.7 %
Shares of SBRA opened at $12.74 on Thursday. The stock has a market cap of $2.95 billion, a price-to-earnings ratio of -23.59 and a beta of 1.30. The company has a quick ratio of 3.69, a current ratio of 3.69 and a debt-to-equity ratio of 0.82. Sabra Health Care REIT, Inc. has a 12 month low of $10.08 and a 12 month high of $15.45. The company has a 50-day moving average price of $12.38 and a two-hundred day moving average price of $11.80.
Sabra Health Care REIT Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Thursday, August 17th will be paid 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 -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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Source: defenseworld.net
