Ashton Thomas Private Wealth LLC Buys 9,193 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Ashton Thomas Private Wealth LLC raised its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 835.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,293 shares of the real estate investment trust’s stock after purchasing an additional 9,193 shares during the period. Ashton Thomas Private Wealth LLC’s holdings in Sabra Health Care REIT were worth $192,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. GSA Capital Partners LLP bought a new stake in shares of Sabra Health Care REIT in the third quarter worth about $1,206,000. Entropy Technologies LP bought a new stake in Sabra Health Care REIT during the 3rd quarter worth approximately $259,000. Los Angeles Capital Management LLC raised its holdings in Sabra Health Care REIT by 283.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 49,542 shares of the real estate investment trust’s stock worth $922,000 after buying an additional 36,616 shares during the period. State of New Jersey Common Pension Fund D lifted its stake in Sabra Health Care REIT by 0.9% in the third quarter. State of New Jersey Common Pension Fund D now owns 253,136 shares of the real estate investment trust’s stock valued at $4,711,000 after buying an additional 2,245 shares in the last quarter. Finally, Atria Investments Inc boosted its holdings in shares of Sabra Health Care REIT by 16.5% in the third quarter. Atria Investments Inc now owns 31,663 shares of the real estate investment trust’s stock valued at $589,000 after buying an additional 4,474 shares during the period. Institutional investors own 99.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SBRA shares. Wells Fargo & Company raised shares of Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $16.00 to $20.00 in a research note on Tuesday, October 1st. Citigroup upgraded Sabra Health Care REIT from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $17.00 to $20.00 in a report on Friday, September 13th. Truist Financial boosted their target price on Sabra Health Care REIT from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Finally, Scotiabank raised their price target 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. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, Sabra Health Care REIT has a consensus rating of “Moderate Buy” and an average target price of $18.71.

Sabra Health Care REIT Trading Up 1.3 %

SBRA stock opened at $18.18 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.16 and a current ratio of 4.16. The company has a market capitalization of $4.30 billion, a PE ratio of 44.34, a price-to-earnings-growth ratio of 2.35 and a beta of 1.25. Sabra Health Care REIT, Inc. has a 52 week low of $12.83 and a 52 week high of $20.03. The company’s 50-day simple moving average is $18.60 and its 200 day simple moving average is $16.54.

Sabra Health Care REIT (NASDAQ:SBRA) last released its earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. The company had revenue of $178.00 million for the quarter, compared to the consensus estimate of $177.19 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. As a group, sell-side analysts anticipate that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a $0.30 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.20 annualized dividend and a dividend yield of 6.60%. Sabra Health Care REIT’s payout ratio is 292.69%.

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.