8,474 Shares in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRAFree Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 8,474 shares of the real estate investment trust’s stock, valued at approximately $118,000.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. boosted its stake in Sabra Health Care REIT by 32.2% in the second quarter. Principal Financial Group Inc. now owns 20,689,676 shares of the real estate investment trust’s stock worth $243,518,000 after purchasing an additional 5,041,116 shares in the last quarter. Norges Bank bought a new stake in Sabra Health Care REIT during the 4th quarter worth about $26,809,000. Balyasny Asset Management LLC grew its holdings in Sabra Health Care REIT by 6,220.5% during the 3rd quarter. Balyasny Asset Management LLC now owns 2,136,468 shares of the real estate investment trust’s stock worth $28,030,000 after acquiring an additional 2,102,666 shares during the last quarter. State Street Corp raised its stake in shares of Sabra Health Care REIT by 18.1% in the first quarter. State Street Corp now owns 12,035,766 shares of the real estate investment trust’s stock worth $179,213,000 after acquiring an additional 1,840,939 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Sabra Health Care REIT during the second quarter worth approximately $19,262,000. Institutional investors own 86.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on SBRA shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Sabra Health Care REIT in a report on Tuesday, January 30th. They issued a “buy” rating and a $21.00 price target for the company. Stifel Nicolaus upped their price target on Sabra Health Care REIT from $14.00 to $16.00 and gave the company a “buy” rating in a research note on Tuesday, November 7th. BMO Capital Markets reiterated a “market perform” rating and issued a $16.00 price objective on shares of Sabra Health Care REIT in a research report on Tuesday, October 17th. Mizuho boosted their price objective on Sabra Health Care REIT from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Finally, Wells Fargo & Company raised shares of Sabra Health Care REIT from an “underweight” rating to an “equal weight” rating and raised their target price for the company from $13.00 to $15.00 in a research note on Monday, October 16th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sabra Health Care REIT currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.27.

Check Out Our Latest Report on SBRA

Sabra Health Care REIT Price Performance

Shares of SBRA stock opened at $13.59 on Tuesday. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.82. Sabra Health Care REIT, Inc. has a 12-month low of $10.08 and a 12-month high of $14.82. The firm has a fifty day moving average of $13.90 and a 200-day moving average of $13.66. The firm has a market capitalization of $3.14 billion, a price-to-earnings ratio of -34.85 and a beta of 1.14.

Sabra Health Care REIT Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 29th. Shareholders of record on Tuesday, February 13th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, February 12th. This represents a $1.20 dividend on an annualized basis and a yield of 8.83%. Sabra Health Care REIT’s payout ratio is -307.69%.

Sabra Health Care REIT Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Sabra Health Care REIT (NASDAQ:SBRA)

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