Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Sold by Moody National Bank Trust Division

Moody National Bank Trust Division trimmed its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRAGet Rating) by 45.5% during the second quarter, Holdings Channel.com reports. The fund owned 13,417 shares of the real estate investment trust’s stock after selling 11,201 shares during the period. Moody National Bank Trust Division’s holdings in Sabra Health Care REIT were worth $187,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in SBRA. Meeder Asset Management Inc. acquired a new stake in Sabra Health Care REIT in the 1st quarter valued at about $30,000. Worth Asset Management LLC acquired a new stake in Sabra Health Care REIT in the 1st quarter valued at about $44,000. Future Financial Wealth Managment LLC grew its stake in Sabra Health Care REIT by 66.7% in the 1st quarter. Future Financial Wealth Managment LLC now owns 5,000 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 2,000 shares during the last quarter. Signaturefd LLC grew its stake in Sabra Health Care REIT by 125.5% in the 1st quarter. Signaturefd LLC now owns 5,674 shares of the real estate investment trust’s stock valued at $84,000 after acquiring an additional 3,158 shares during the last quarter. Finally, Bridgefront Capital LLC acquired a new stake in Sabra Health Care REIT in the 1st quarter valued at about $149,000. 87.67% of the stock is owned by institutional investors and hedge funds.

Sabra Health Care REIT Trading Down 0.6 %

Shares of SBRA stock opened at $14.03 on Wednesday. The firm has a market cap of $3.24 billion, a P/E ratio of 73.85 and a beta of 1.31. Sabra Health Care REIT, Inc. has a 1-year low of $11.44 and a 1-year high of $16.60. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.97 and a quick ratio of 3.97. The firm’s 50-day simple moving average is $15.11 and its 200-day simple moving average is $14.14.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Wednesday, August 17th were issued a $0.30 dividend. The ex-dividend date was Tuesday, August 16th. This represents a $1.20 annualized dividend and a yield of 8.55%. Sabra Health Care REIT’s payout ratio is 631.61%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Jefferies Financial Group cut shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and lowered their price objective for the company from $15.00 to $14.00 in a research note on Thursday, June 30th. Mizuho raised shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $16.00 to $15.00 in a research note on Wednesday, May 25th. Citigroup raised their price target on shares of Sabra Health Care REIT to $15.50 in a research note on Monday, August 22nd. Barclays raised their price target on shares of Sabra Health Care REIT to $15.00 in a research note on Tuesday, August 9th. Finally, Capital One Financial assumed coverage on shares of Sabra Health Care REIT in a research note on Friday, June 3rd. They set an “equal weight” rating and a $15.50 price target on the stock. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Sabra Health Care REIT has an average rating of “Hold” and an average target price of $15.91.

Sabra Health Care REIT Company Profile

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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.

Further Reading

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)

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