Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Bought by Leisure Capital Management

Leisure Capital Management increased its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 12.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 531,012 shares of the real estate investment trust’s stock after purchasing an additional 57,591 shares during the quarter. Sabra Health Care REIT makes up 4.2% of Leisure Capital Management’s portfolio, making the stock its 3rd biggest position. Leisure Capital Management’s holdings in Sabra Health Care REIT were worth $9,882,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Natixis bought a new position in shares of Sabra Health Care REIT in the 1st quarter worth $633,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Sabra Health Care REIT by 63.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 318,808 shares of the real estate investment trust’s stock worth $4,709,000 after acquiring an additional 123,966 shares in the last quarter. Cetera Advisors LLC raised its position in shares of Sabra Health Care REIT by 996.2% during the first quarter. Cetera Advisors LLC now owns 149,574 shares of the real estate investment trust’s stock worth $2,209,000 after purchasing an additional 135,929 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of Sabra Health Care REIT by 7.1% during the 2nd quarter. Envestnet Asset Management Inc. now owns 579,110 shares of the real estate investment trust’s stock valued at $8,918,000 after purchasing an additional 38,144 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Sabra Health Care REIT by 34.1% in the 1st quarter. Cetera Investment Advisers now owns 406,675 shares of the real estate investment trust’s stock valued at $6,007,000 after purchasing an additional 103,413 shares during the period. 99.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on SBRA shares. Citigroup upgraded shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and raised their target price for the stock from $17.00 to $20.00 in a report on Friday, September 13th. Scotiabank upped their target price 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. Wells Fargo & Company raised Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $16.00 to $20.00 in a research note on Tuesday, October 1st. Finally, Truist Financial increased their price objective on Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.11.

Sabra Health Care REIT Stock Performance

Shares of SBRA traded up $0.21 during trading hours on Wednesday, hitting $18.43. The company had a trading volume of 111,604 shares, compared to its average volume of 2,026,316. The business has a fifty day moving average of $17.56 and a 200-day moving average of $15.77. The company has a quick ratio of 4.27, a current ratio of 4.27 and a debt-to-equity ratio of 0.89. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 86.76, a PEG ratio of 2.55 and a beta of 1.26. Sabra Health Care REIT, Inc. has a 12 month low of $12.83 and a 12 month high of $19.32.

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

Sabra Health Care REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.51%. The ex-dividend date was Monday, August 19th. Sabra Health Care REIT’s payout ratio is 571.43%.

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.