GSA Capital Partners LLP Buys Shares of 64,779 Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

GSA Capital Partners LLP bought a new stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 64,779 shares of the real estate investment trust’s stock, valued at approximately $1,206,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Sabra Health Care REIT in the first quarter worth about $1,104,000. Sei Investments Co. increased its holdings in shares of Sabra Health Care REIT by 1.4% in the first quarter. Sei Investments Co. now owns 109,558 shares of the real estate investment trust’s stock worth $1,618,000 after acquiring an additional 1,469 shares in the last quarter. US Bancorp DE increased its holdings in shares of Sabra Health Care REIT by 8.3% in the first quarter. US Bancorp DE now owns 22,412 shares of the real estate investment trust’s stock worth $331,000 after acquiring an additional 1,713 shares in the last quarter. ProShare Advisors LLC increased its holdings in shares of Sabra Health Care REIT by 4.7% in the first quarter. ProShare Advisors LLC now owns 52,900 shares of the real estate investment trust’s stock worth $781,000 after acquiring an additional 2,393 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its holdings in shares of Sabra Health Care REIT by 63.6% in the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 318,808 shares of the real estate investment trust’s stock worth $4,709,000 after acquiring an additional 123,966 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Citigroup upgraded Sabra Health Care REIT from a “neutral” rating to a “buy” rating and increased their price target for the stock from $17.00 to $20.00 in a report on Friday, September 13th. Truist Financial increased their price target on Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Wells Fargo & Company upgraded Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $16.00 to $20.00 in a report on Tuesday, October 1st. Finally, Scotiabank increased their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a report on Friday, October 11th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.71.

Sabra Health Care REIT Stock Performance

SBRA opened at $18.24 on Friday. Sabra Health Care REIT, Inc. has a 12-month low of $12.83 and a 12-month high of $20.03. The stock has a market cap of $4.32 billion, a price-to-earnings ratio of 44.49, a PEG ratio of 2.45 and a beta of 1.25. The business has a 50 day moving average of $18.58 and a 200-day moving average of $16.51. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.90.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share (EPS) 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 business had revenue of $178.00 million during the quarter, compared to analyst estimates of $177.19 million. During the same period in the previous year, the business earned $0.34 earnings per share. On average, equities research analysts expect that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current year.

Sabra Health Care REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be given a $0.30 dividend. The ex-dividend date is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.58%. Sabra Health Care REIT’s payout ratio is 292.68%.

About Sabra Health Care REIT

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.