Exchange Traded Concepts LLC Grows Position in Sabra Healthcare REIT, Inc. $SBRA

Exchange Traded Concepts LLC increased its position in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 2.0% during the second quarter, Holdings Channel reports. The institutional investor owned 48,718 shares of the real estate investment trust’s stock after buying an additional 936 shares during the quarter. Exchange Traded Concepts LLC’s holdings in Sabra Healthcare REIT were worth $898,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SBRA. SVB Wealth LLC purchased a new stake in shares of Sabra Healthcare REIT during the first quarter worth approximately $34,000. UMB Bank n.a. increased its stake in shares of Sabra Healthcare REIT by 379.6% during the first quarter. UMB Bank n.a. now owns 2,048 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 1,621 shares during the period. Wealth Preservation Advisors LLC purchased a new stake in shares of Sabra Healthcare REIT during the first quarter worth approximately $38,000. Northwestern Mutual Wealth Management Co. increased its stake in Sabra Healthcare REIT by 61.2% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,806 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,065 shares during the last quarter. Finally, Anchor Investment Management LLC purchased a new position in Sabra Healthcare REIT in the first quarter valued at approximately $58,000. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SBRA has been the topic of several recent analyst reports. JMP Securities increased their price target on shares of Sabra Healthcare REIT from $20.00 to $22.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 6th. BMO Capital Markets raised their target price on Sabra Healthcare REIT from $19.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, August 25th. Truist Financial lifted their price objective on Sabra Healthcare REIT from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, September 2nd. Wells Fargo & Company lifted their price target on Sabra Healthcare REIT from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Finally, Scotiabank lifted their price objective on Sabra Healthcare REIT from $19.00 to $20.00 and gave the company a “sector perform” rating in a research note on Monday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.83.

Sabra Healthcare REIT Stock Performance

Shares of SBRA opened at $18.74 on Wednesday. The business’s 50 day moving average is $18.73 and its two-hundred day moving average is $18.08. Sabra Healthcare REIT, Inc. has a 52-week low of $15.60 and a 52-week high of $20.03. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 24.66, a PEG ratio of 1.47 and a beta of 0.88. The company has a quick ratio of 4.80, a current ratio of 4.80 and a debt-to-equity ratio of 0.91.

Sabra Healthcare REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $189.15 million during the quarter, compared to the consensus estimate of $185.64 million. Sabra Healthcare REIT had a return on equity of 6.69% and a net margin of 24.87%.The business’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 EPS. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. Analysts forecast that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date was Friday, August 15th. Sabra Healthcare REIT’s dividend payout ratio is presently 157.89%.

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.