Victory Capital Management Inc. Cuts Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Victory Capital Management Inc. decreased its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRAGet Rating) by 0.9% in the first quarter, HoldingsChannel reports. The firm owned 1,776,338 shares of the real estate investment trust’s stock after selling 15,976 shares during the quarter. Victory Capital Management Inc.’s holdings in Sabra Health Care REIT were worth $26,271,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Xponance Inc. grew its position in shares of Sabra Health Care REIT by 2.9% during the fourth quarter. Xponance Inc. now owns 34,248 shares of the real estate investment trust’s stock valued at $464,000 after purchasing an additional 957 shares in the last quarter. Oregon Public Employees Retirement Fund grew its position in Sabra Health Care REIT by 1.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 74,991 shares of the real estate investment trust’s stock worth $1,015,000 after acquiring an additional 1,092 shares in the last quarter. TownSquare Capital LLC grew its position in Sabra Health Care REIT by 4.8% in the first quarter. TownSquare Capital LLC now owns 23,975 shares of the real estate investment trust’s stock worth $357,000 after acquiring an additional 1,093 shares in the last quarter. Louisiana State Employees Retirement System grew its position in Sabra Health Care REIT by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 59,900 shares of the real estate investment trust’s stock worth $750,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Sabra Health Care REIT by 0.7% in the first quarter. Nisa Investment Advisors LLC now owns 172,665 shares of the real estate investment trust’s stock worth $2,571,000 after acquiring an additional 1,138 shares in the last quarter. Hedge funds and other institutional investors own 91.61% of the company’s stock.

Sabra Health Care REIT Stock Up 0.7 %

Shares of NASDAQ SBRA opened at $15.48 on Thursday. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.60 and a quick ratio of 3.60. The company has a market cap of $3.58 billion, a P/E ratio of -31.59 and a beta of 1.33. Sabra Health Care REIT, Inc. has a 1 year low of $11.44 and a 1 year high of $17.99. The firm has a 50-day simple moving average of $14.31 and a two-hundred day simple moving average of $13.68.

Sabra Health Care REIT (NASDAQ:SBRAGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Sabra Health Care REIT had a negative net margin of 18.28% and a negative return on equity of 3.15%. During the same quarter in the prior year, the firm earned $0.39 earnings per share. Research analysts anticipate that Sabra Health Care REIT, Inc. will post 1.47 earnings per share for the current year.

Analysts Set New Price Targets

SBRA has been the subject of several recent research reports. Jefferies Financial Group lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating and dropped their price target for the stock from $15.00 to $14.00 in a research report on Thursday, June 30th. Mizuho upgraded Sabra Health Care REIT from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $16.00 to $15.00 in a research report on Wednesday, May 25th. Capital One Financial initiated coverage on Sabra Health Care REIT in a research report on Friday, June 3rd. They issued an “equal weight” rating and a $15.50 price target for the company. Finally, Barclays lowered Sabra Health Care REIT from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $16.00 to $14.00 in a research report on Monday, April 18th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Sabra Health Care REIT currently has a consensus rating of “Hold” and an average price target of $15.85.

Sabra Health Care REIT Profile

(Get Rating)

As of March 31, 2022, Sabra's investment portfolio included 416 real estate properties held for investment. This consists of (i) 279 Skilled Nursing/Transitional Care facilities, (ii) 59 Senior Housing communities (Senior Housing – Leased), (iii) 50 Senior Housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 13 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a sales-type lease, 16 investments in loans receivable (consisting of (i) two mortgage loans, (ii) one construction loan and (iii) 13 other loans), seven preferred equity investments and one investment in an unconsolidated joint venture.

Featured Articles

Want to see what other hedge funds are holding SBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sabra Health Care REIT, Inc. (NASDAQ:SBRAGet Rating).

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

Receive News & Ratings for Sabra Health Care REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Health Care REIT and related companies with MarketBeat.com's FREE daily email newsletter.