Cerity Partners LLC Buys New Shares in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Cerity Partners LLC purchased a new stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) in the 4th quarter, Holdings Channel reports. The fund purchased 16,207 shares of the real estate investment trust’s stock, valued at approximately $232,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its holdings in shares of Sabra Health Care REIT by 1.5% in the 3rd 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 last quarter. JPMorgan Chase & Co. increased its holdings in shares of Sabra Health Care REIT by 709.0% during the 3rd 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 last quarter. LSV Asset Management raised its stake in Sabra Health Care REIT by 0.9% in the 3rd quarter. LSV Asset Management now owns 4,278,349 shares of the real estate investment trust’s stock valued at $59,640,000 after acquiring an additional 37,100 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Sabra Health Care REIT by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,096,283 shares of the real estate investment trust’s stock valued at $57,102,000 after purchasing an additional 116,444 shares during the last quarter. Finally, Northern Trust Corp boosted its position in 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 worth $46,683,000 after purchasing an additional 264,569 shares during the period. 99.40% of the stock is currently owned by institutional investors.

Sabra Health Care REIT Trading Up 1.6 %

Shares of NASDAQ:SBRA opened at $14.17 on Tuesday. The company has a market capitalization of $3.28 billion, a P/E ratio of 283.40, a P/E/G ratio of 5.01 and a beta of 1.16. Sabra Health Care REIT, Inc. has a 1 year low of $10.30 and a 1 year high of $14.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.41 and a quick ratio of 3.41. The business’s 50 day simple moving average is $14.07 and its 200 day simple moving average is $14.04.

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 13th were paid a dividend of $0.30 per share. The ex-dividend date was Monday, February 12th. This represents a $1.20 dividend on an annualized basis and a yield of 8.47%. Sabra Health Care REIT’s payout ratio is 2,400.00%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SBRA. Mizuho raised their target price on shares of Sabra Health Care REIT from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Wedbush restated an “outperform” rating and set a $17.00 price objective on shares of Sabra Health Care REIT in a research report on Thursday, February 29th. 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 investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $15.77.

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.