Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Purchased by M&T Bank Corp

M&T Bank Corp raised its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRAFree Report) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,546 shares of the real estate investment trust’s stock after buying an additional 1,517 shares during the period. M&T Bank Corp’s holdings in Sabra Health Care REIT were worth $365,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. increased 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 valued at $188,252,000 after purchasing an additional 11,835,109 shares during the last quarter. Duff & Phelps Investment Management Co. lifted its position in shares of Sabra Health Care REIT by 58.8% during the 4th quarter. Duff & Phelps Investment Management Co. now owns 2,101,595 shares of the real estate investment trust’s stock worth $29,990,000 after buying an additional 778,355 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Sabra Health Care REIT by 41.8% in the 3rd quarter. American Century Companies Inc. now owns 2,109,005 shares of the real estate investment trust’s stock valued at $29,400,000 after buying an additional 622,133 shares in the last quarter. abrdn plc grew its position in shares of Sabra Health Care REIT by 108.0% in the 4th quarter. abrdn plc now owns 974,350 shares of the real estate investment trust’s stock valued at $13,904,000 after buying an additional 506,011 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in 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 acquiring an additional 313,517 shares in the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.

Sabra Health Care REIT Price Performance

Shares of NASDAQ SBRA opened at $14.51 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.33 and a quick ratio of 4.33. The company has a market cap of $3.36 billion, a PE ratio of 72.55, a P/E/G ratio of 5.20 and a beta of 1.17. The stock has a fifty day moving average price of $14.20 and a 200 day moving average price of $14.06. Sabra Health Care REIT, Inc. has a 1-year low of $10.30 and a 1-year high of $14.92.

Sabra Health Care REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, May 17th. This represents a $1.20 annualized dividend and a yield of 8.27%. Sabra Health Care REIT’s dividend payout ratio is currently 600.00%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wedbush reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Sabra Health Care REIT in a report on Thursday, February 29th. Scotiabank raised their price target on Sabra Health Care REIT from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Sabra Health Care REIT in a report on Tuesday, January 30th. They issued a “buy” rating and a $21.00 price objective for the company. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Sabra Health Care REIT currently has an average rating of “Moderate Buy” and an average price target of $15.71.

View Our Latest Stock Analysis on SBRA

Sabra Health Care REIT Company 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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