Russell Investments Group Ltd. Raises Stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Russell Investments Group Ltd. raised its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 170.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 399,215 shares of the real estate investment trust’s stock after acquiring an additional 251,482 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.17% of Sabra Health Care REIT worth $5,697,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Sabra Health Care REIT by 709.0% in the third quarter. JPMorgan Chase & Co. now owns 13,504,420 shares of the real estate investment trust’s stock worth $188,252,000 after acquiring an additional 11,835,109 shares during the last quarter. Graham Capital Management L.P. purchased a new stake in shares of Sabra Health Care REIT during the 3rd quarter worth approximately $1,392,000. Northern Trust Corp lifted its position in shares of Sabra Health Care REIT by 8.6% during the 3rd quarter. Northern Trust Corp now owns 3,348,859 shares of the real estate investment trust’s stock worth $46,683,000 after buying an additional 264,569 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Sabra Health Care REIT during the 3rd quarter worth approximately $787,000. Finally, Principal Financial Group Inc. lifted its position in shares of Sabra Health Care REIT by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 21,003,193 shares of the real estate investment trust’s stock worth $292,783,000 after buying an additional 313,517 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SBRA. Deutsche Bank Aktiengesellschaft began coverage on shares of Sabra Health Care REIT in a research report on Tuesday, January 30th. They set a “buy” rating and a $21.00 price objective for the company. Wedbush restated 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 issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $15.77.

Sabra Health Care REIT Stock Down 2.6 %

SBRA stock opened at $14.49 on Friday. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 289.80, a price-to-earnings-growth ratio of 5.15 and a beta of 1.17. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.41 and a quick ratio of 3.41. Sabra Health Care REIT, Inc. has a 12 month low of $10.30 and a 12 month high of $14.92. The company has a fifty day moving average price of $14.15 and a 200 day moving average price of $14.04.

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.