Boston Private Wealth LLC Raises Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Boston Private Wealth LLC increased its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,279 shares of the real estate investment trust’s stock after buying an additional 1,596 shares during the quarter. Boston Private Wealth LLC’s holdings in Sabra Health Care REIT were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. First Trust Advisors LP raised its position in Sabra Health Care REIT by 37.3% in the first quarter. First Trust Advisors LP now owns 113,444 shares of the real estate investment trust’s stock valued at $2,209,000 after purchasing an additional 30,805 shares during the period. Envestnet Asset Management Inc. raised its position in Sabra Health Care REIT by 29.0% in the second quarter. Envestnet Asset Management Inc. now owns 92,103 shares of the real estate investment trust’s stock valued at $1,676,000 after purchasing an additional 20,726 shares during the period. Sei Investments Co. raised its position in Sabra Health Care REIT by 12.9% in the second quarter. Sei Investments Co. now owns 67,672 shares of the real estate investment trust’s stock valued at $1,243,000 after purchasing an additional 7,719 shares during the period. Rafferty Asset Management LLC increased its position in shares of Sabra Health Care REIT by 54.7% during the second quarter. Rafferty Asset Management LLC now owns 16,861 shares of the real estate investment trust’s stock worth $307,000 after acquiring an additional 5,965 shares during the last quarter. Finally, Citigroup Inc. increased its position in shares of Sabra Health Care REIT by 48.8% during the second quarter. Citigroup Inc. now owns 435,925 shares of the real estate investment trust’s stock worth $7,933,000 after acquiring an additional 142,901 shares during the last quarter. 84.59% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently issued reports on the company. Zacks Investment Research lowered Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Thursday, January 6th. Truist Financial raised Sabra Health Care REIT to a “buy” rating and set a $18.00 target price on the stock in a research report on Thursday, September 30th. Robert W. Baird assumed coverage on Sabra Health Care REIT in a research report on Thursday, October 7th. They set an “outperform” rating and a $18.00 target price on the stock. Truist Securities upgraded Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, September 30th. Finally, Truist upgraded Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Thursday, September 30th. One investment analyst has rated the stock with a sell rating and seven have issued a buy rating to the company. According to MarketBeat, Sabra Health Care REIT presently has a consensus rating of “Buy” and an average price target of $18.63.

Shares of SBRA stock opened at $14.31 on Friday. The company has a quick ratio of 5.18, a current ratio of 5.18 and a debt-to-equity ratio of 0.81. The business has a 50 day moving average of $13.75 and a two-hundred day moving average of $15.60. Sabra Health Care REIT, Inc. has a 52 week low of $12.31 and a 52 week high of $19.01. The company has a market cap of $3.27 billion, a P/E ratio of -65.05 and a beta of 1.44.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its earnings results on Wednesday, November 3rd. The real estate investment trust reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.32). Sabra Health Care REIT had a negative net margin of 8.84% and a negative return on equity of 1.52%. During the same period last year, the company earned $0.46 earnings per share. Analysts expect that Sabra Health Care REIT, Inc. will post 1.48 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 30th. Shareholders of record on Tuesday, November 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, November 15th. This represents a $1.20 dividend on an annualized basis and a yield of 8.39%. Sabra Health Care REIT’s payout ratio is currently -545.45%.

In other Sabra Health Care REIT news, CFO Harold W. Jr. Andrews sold 110,000 shares of Sabra Health Care REIT stock in a transaction that occurred on Wednesday, December 29th. The stock was sold at an average price of $13.55, for a total value of $1,490,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Sabra Health Care REIT Company Profile

Sabra Health Care REIT, Inc engages in managing and investing in healthcare-related real estate properties. It focuses on the acquisition, financing and owning real estate property to be leased to third party tenants in the healthcare sector. The company was founded on May 10, 2010 and is headquartered in Irvine, CA.

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

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