Sabra Health Care REIT, Inc. (NASDAQ:SBRA) is Gilman Hill Asset Management LLC’s 7th Largest Position

Gilman Hill Asset Management LLC lessened its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 603,557 shares of the real estate investment trust’s stock after selling 25,156 shares during the quarter. Sabra Health Care REIT makes up 1.8% of Gilman Hill Asset Management LLC’s investment portfolio, making the stock its 7th largest holding. Gilman Hill Asset Management LLC’s holdings in Sabra Health Care REIT were worth $10,454,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SBRA. Principal Financial Group Inc. increased its stake in Sabra Health Care REIT by 0.8% during the third quarter. Principal Financial Group Inc. now owns 21,573,436 shares of the real estate investment trust’s stock worth $401,479,000 after purchasing an additional 167,069 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Sabra Health Care REIT by 222.4% in the third quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust’s stock valued at $183,996,000 after purchasing an additional 6,819,919 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Sabra Health Care REIT by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 6,294,798 shares of the real estate investment trust’s stock worth $117,165,000 after buying an additional 104,533 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Sabra Health Care REIT by 8.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,701,881 shares of the real estate investment trust’s stock valued at $87,502,000 after buying an additional 365,855 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Sabra Health Care REIT by 3.8% in the second quarter. Dimensional Fund Advisors LP now owns 3,394,562 shares of the real estate investment trust’s stock worth $52,275,000 after acquiring an additional 124,825 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Down 1.4 %

Shares of NASDAQ:SBRA opened at $16.94 on Monday. The firm has a 50 day simple moving average of $17.71 and a 200-day simple moving average of $17.54. Sabra Health Care REIT, Inc. has a twelve month low of $12.83 and a twelve month high of $20.03. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90. The company has a market capitalization of $4.01 billion, a PE ratio of 41.32, a P/E/G ratio of 2.05 and a beta of 1.26.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly 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). The company had revenue of $178.00 million during the quarter, compared to analysts’ expectations of $177.19 million. Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. During the same period last year, the firm earned $0.34 earnings per share. On average, equities analysts predict that Sabra Health Care REIT, Inc. will post 1.39 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.08%. The ex-dividend date of this dividend was Friday, November 15th. Sabra Health Care REIT’s payout ratio is currently 292.69%.

Analyst Ratings Changes

SBRA has been the topic of several analyst reports. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Wells Fargo & Company upgraded Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $16.00 to $20.00 in a research note on Tuesday, October 1st. JMP Securities upgraded shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Tuesday, January 7th. Truist Financial downgraded shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and decreased their price target for the stock from $18.00 to $17.00 in a research note on Friday. Finally, Mizuho reiterated a “neutral” rating and set a $20.00 price target on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $19.13.

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.