International Assets Investment Management LLC Acquires 4,129 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

International Assets Investment Management LLC lifted its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 748.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,681 shares of the real estate investment trust’s stock after purchasing an additional 4,129 shares during the period. International Assets Investment Management LLC’s holdings in Sabra Health Care REIT were worth $67,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC lifted its stake in Sabra Health Care REIT by 45.2% in the third quarter. Signaturefd LLC now owns 2,610 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 813 shares during the period. Arizona State Retirement System grew its holdings in Sabra Health Care REIT by 1.4% during the third quarter. Arizona State Retirement System now owns 65,828 shares of the real estate investment trust’s stock worth $918,000 after buying an additional 900 shares in the last quarter. Van ECK Associates Corp grew its holdings in Sabra Health Care REIT by 4.3% during the third quarter. Van ECK Associates Corp now owns 27,111 shares of the real estate investment trust’s stock worth $378,000 after buying an additional 1,124 shares in the last quarter. CWM LLC grew its stake in Sabra Health Care REIT by 363.5% in the 3rd quarter. CWM LLC now owns 1,780 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 1,396 shares during the period. Finally, Arden Trust Co grew its stake in Sabra Health Care REIT by 2.3% in the 4th quarter. Arden Trust Co now owns 108,480 shares of the real estate investment trust’s stock valued at $1,548,000 after purchasing an additional 2,473 shares during the period. 99.40% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Sabra Health Care REIT in a report on Tuesday, January 30th. They set a “buy” rating and a $21.00 price objective on the stock. Mizuho increased their price objective on Sabra Health Care REIT from $15.00 to $17.00 and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Finally, Wedbush reiterated an “outperform” rating and set a $17.00 price objective on shares of Sabra Health Care REIT in a research report on Thursday, February 29th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $15.77.

Sabra Health Care REIT Trading Down 1.8 %

SBRA opened at $13.92 on Wednesday. The stock has a market cap of $3.22 billion, a PE ratio of 278.40, a PEG ratio of 5.01 and a beta of 1.16. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.86. The business has a 50 day moving average of $14.07 and a 200-day moving average of $14.04. Sabra Health Care REIT, Inc. has a 52 week low of $10.30 and a 52 week high of $14.91.

Sabra Health Care REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.62%. The ex-dividend date of this dividend was Monday, February 12th. Sabra Health Care REIT’s payout ratio is presently 2,400.00%.

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.