Sumitomo Mitsui Trust Holdings Inc. Reduces Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Sumitomo Mitsui Trust Holdings Inc. decreased its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 26.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,148,646 shares of the real estate investment trust’s stock after selling 408,148 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned about 0.50% of Sabra Health Care REIT worth $16,391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SBRA. JPMorgan Chase & Co. lifted its stake in Sabra Health Care REIT by 709.0% in the third quarter. JPMorgan Chase & Co. now owns 13,504,420 shares of the real estate investment trust’s stock worth $188,252,000 after acquiring an additional 11,835,109 shares during the period. American Century Companies Inc. lifted its position in Sabra Health Care REIT by 41.8% during the third quarter. American Century Companies Inc. now owns 2,109,005 shares of the real estate investment trust’s stock valued at $29,400,000 after buying an additional 622,133 shares during the period. LDR Capital Management LLC purchased a new position in Sabra Health Care REIT during the third quarter valued at $7,076,000. Principal Financial Group Inc. lifted its position in Sabra Health Care REIT by 1.5% during the third quarter. Principal Financial Group Inc. now owns 21,003,193 shares of the real estate investment trust’s stock valued at $292,783,000 after buying an additional 313,517 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Sabra Health Care REIT by 8.6% during the third quarter. Northern Trust Corp now owns 3,348,859 shares of the real estate investment trust’s stock valued at $46,683,000 after acquiring an additional 264,569 shares in the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Price Performance

NASDAQ SBRA opened at $13.66 on Tuesday. The stock’s 50 day moving average is $14.06 and its 200 day moving average is $14.05. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.86. Sabra Health Care REIT, Inc. has a 12 month low of $10.30 and a 12 month high of $14.91. The stock has a market cap of $3.16 billion, a PE ratio of 273.20, a P/E/G ratio of 4.91 and a beta of 1.16.

Sabra Health Care REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 13th were issued a $0.30 dividend. The ex-dividend date was Monday, February 12th. This represents a $1.20 dividend on an annualized basis and a yield of 8.78%. Sabra Health Care REIT’s dividend payout ratio is presently 2,400.00%.

Analysts Set New Price Targets

SBRA has been the subject of several analyst reports. Wedbush restated an “outperform” rating and set a $17.00 price target on shares of Sabra Health Care REIT in a report on Thursday, February 29th. Mizuho raised their target price on Sabra Health Care REIT from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft started coverage on Sabra Health Care REIT in a research report on Tuesday, January 30th. They issued a “buy” rating and a $21.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.54.

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.