Custom Index Systems LLC Buys 8,768 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Custom Index Systems LLC increased its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 53.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 25,220 shares of the real estate investment trust’s stock after buying an additional 8,768 shares during the period. Custom Index Systems LLC’s holdings in Sabra Health Care REIT were worth $469,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in Sabra Health Care REIT by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 34,972,611 shares of the real estate investment trust’s stock valued at $516,545,000 after purchasing an additional 838,654 shares during the last quarter. Janus Henderson Group PLC raised its holdings in Sabra Health Care REIT by 2.9% in the first quarter. Janus Henderson Group PLC now owns 5,199,682 shares of the real estate investment trust’s stock worth $76,701,000 after purchasing an additional 145,548 shares during the period. LSV Asset Management lifted its holdings in Sabra Health Care REIT by 2.5% during the second quarter. LSV Asset Management now owns 4,380,815 shares of the real estate investment trust’s stock worth $67,465,000 after acquiring an additional 104,800 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Sabra Health Care REIT by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,394,562 shares of the real estate investment trust’s stock worth $52,275,000 after purchasing an additional 124,825 shares in the last quarter. Finally, APG Asset Management US Inc. increased its position in shares of Sabra Health Care REIT by 28.9% during the second quarter. APG Asset Management US Inc. now owns 2,562,962 shares of the real estate investment trust’s stock worth $39,495,000 after acquiring an additional 575,000 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SBRA shares. Citigroup upgraded shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and increased their target price for the stock from $17.00 to $20.00 in a report on Friday, September 13th. Truist Financial raised their price target on Sabra Health Care REIT from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Wells Fargo & Company raised Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $16.00 to $20.00 in a research report on Tuesday, October 1st. Finally, Scotiabank lifted their price objective on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Sabra Health Care REIT presently has a consensus rating of “Moderate Buy” and an average price target of $18.38.

Sabra Health Care REIT Stock Performance

SBRA stock traded down $0.21 during mid-day trading on Friday, hitting $18.80. The company had a trading volume of 1,701,659 shares, compared to its average volume of 2,018,123. The stock’s fifty day moving average price is $17.92 and its two-hundred day moving average price is $16.00. Sabra Health Care REIT, Inc. has a 12 month low of $12.83 and a 12 month high of $19.32. The firm has a market cap of $4.35 billion, a PE ratio of 94.00, a price-to-earnings-growth ratio of 2.68 and a beta of 1.26. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.27 and a current ratio of 4.27.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.24). The company had revenue of $176.14 million for the quarter, compared to the consensus estimate of $166.54 million. Sabra Health Care REIT had a return on equity of 1.87% and a net margin of 7.83%. The business’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.34 earnings per share. On average, analysts forecast that Sabra Health Care REIT, Inc. will post 1.38 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.38%. The ex-dividend date of this dividend was Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently 600.00%.

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.