12,469 Shares in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC acquired a new stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 12,469 shares of the real estate investment trust’s stock, valued at approximately $232,000.

Other institutional investors have also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its holdings in shares of Sabra Health Care REIT by 3.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 127,738 shares of the real estate investment trust’s stock worth $1,967,000 after acquiring an additional 3,667 shares during the period. Van Lanschot Kempen Investment Management N.V. lifted its stake in Sabra Health Care REIT by 461.0% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 563,844 shares of the real estate investment trust’s stock worth $8,683,000 after purchasing an additional 463,344 shares during the last quarter. Family Firm Inc. acquired a new stake in shares of Sabra Health Care REIT in the 2nd quarter valued at $26,000. LDR Capital Management LLC increased its stake in shares of Sabra Health Care REIT by 4.7% in the 2nd quarter. LDR Capital Management LLC now owns 454,219 shares of the real estate investment trust’s stock valued at $6,995,000 after purchasing an additional 20,554 shares during the last quarter. Finally, Arkadios Wealth Advisors acquired a new position in shares of Sabra Health Care REIT during the 2nd quarter worth $305,000. 99.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SBRA has been the topic of several research analyst reports. Scotiabank raised their price objective on 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. Wells Fargo & Company upgraded shares of Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $16.00 to $20.00 in a research note on Tuesday, October 1st. Citigroup upgraded shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $17.00 to $20.00 in a research report on Friday, September 13th. Truist Financial increased their price objective on shares of Sabra Health Care REIT from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Mizuho reaffirmed a “neutral” rating and set a $20.00 target price on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.14.

Sabra Health Care REIT Stock Up 0.7 %

Shares of NASDAQ SBRA opened at $17.50 on Friday. Sabra Health Care REIT, Inc. has a 1 year low of $12.83 and a 1 year high of $20.03. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.16 and a quick ratio of 4.16. The firm has a market cap of $4.14 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24. The company has a 50 day simple moving average of $18.52 and a 200 day simple moving average of $17.09.

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 the consensus estimate of $0.35 by ($0.22). Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. The business had revenue of $178.00 million for the quarter, compared to the consensus estimate of $177.19 million. During the same period in the previous year, the business posted $0.34 EPS. On average, research analysts forecast that Sabra Health Care REIT, Inc. will post 1.39 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend was Friday, November 15th. Sabra Health Care REIT’s payout ratio is presently 292.69%.

Sabra Health Care REIT 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.