Global Retirement Partners LLC Takes $243,000 Position in Sabra Healthcare REIT, Inc. $SBRA

Global Retirement Partners LLC purchased a new position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 13,169 shares of the real estate investment trust’s stock, valued at approximately $243,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SBRA. Nuveen LLC purchased a new position in Sabra Healthcare REIT during the first quarter valued at $61,791,000. Bank of Montreal Can increased its holdings in shares of Sabra Healthcare REIT by 244.1% during the second quarter. Bank of Montreal Can now owns 2,575,969 shares of the real estate investment trust’s stock valued at $47,501,000 after acquiring an additional 1,827,361 shares in the last quarter. Swedbank AB purchased a new position in shares of Sabra Healthcare REIT in the 1st quarter worth about $19,336,000. SG Americas Securities LLC boosted its stake in Sabra Healthcare REIT by 1,741.7% in the 2nd quarter. SG Americas Securities LLC now owns 434,418 shares of the real estate investment trust’s stock worth $8,011,000 after purchasing an additional 410,830 shares in the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in Sabra Healthcare REIT during the 2nd quarter valued at about $7,048,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on SBRA. BMO Capital Markets lifted their target price on shares of Sabra Healthcare REIT from $19.00 to $22.00 and gave the stock a “market perform” rating in a report on Monday, August 25th. UBS Group assumed coverage on shares of Sabra Healthcare REIT in a report on Tuesday, November 18th. They issued a “neutral” rating and a $20.00 price objective for the company. Cantor Fitzgerald assumed coverage on Sabra Healthcare REIT in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 price objective on the stock. Truist Financial lifted their target price on Sabra Healthcare REIT from $18.00 to $20.00 and gave the stock a “hold” rating in a report on Tuesday, September 2nd. Finally, JMP Securities boosted their price target on Sabra Healthcare REIT from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, Sabra Healthcare REIT presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.78.

Sabra Healthcare REIT Stock Down 1.2%

Shares of Sabra Healthcare REIT stock opened at $19.28 on Tuesday. Sabra Healthcare REIT, Inc. has a twelve month low of $15.60 and a twelve month high of $19.97. The company has a quick ratio of 4.80, a current ratio of 4.80 and a debt-to-equity ratio of 0.91. The company’s 50 day moving average is $18.39 and its 200 day moving average is $18.41. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 25.37, a price-to-earnings-growth ratio of 1.10 and a beta of 0.84.

Sabra Healthcare REIT (NASDAQ:SBRA) last posted its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. The business had revenue of $190.04 million during the quarter, compared to the consensus estimate of $193.44 million. Sabra Healthcare REIT had a net margin of 24.87% and a return on equity of 6.69%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 EPS. Sabra Healthcare REIT has set its FY 2025 guidance at 1.455-1.465 EPS. Research analysts anticipate that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current year.

Sabra Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Monday, November 17th were issued a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $1.20 dividend on an annualized basis and a yield of 6.2%. Sabra Healthcare REIT’s dividend payout ratio is currently 166.67%.

Sabra Healthcare REIT Company Profile

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA.