Quest Partners LLC Acquires Shares of 19,185 Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Quest Partners LLC bought a new position in Sabra Health Care REIT, Inc. (NASDAQ:SBRAFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 19,185 shares of the real estate investment trust’s stock, valued at approximately $274,000.

Other institutional investors also recently modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new position in Sabra Health Care REIT during the fourth quarter valued at about $25,000. GAMMA Investing LLC bought a new position in shares of Sabra Health Care REIT during the 4th quarter valued at approximately $33,000. Signaturefd LLC increased its stake in shares of Sabra Health Care REIT by 45.2% during the 3rd quarter. Signaturefd LLC now owns 2,610 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 813 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Sabra Health Care REIT in the 4th quarter worth approximately $46,000. Finally, Headlands Technologies LLC purchased a new position in Sabra Health Care REIT in the third quarter valued at approximately $48,000. 99.40% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SBRA has been the subject of a number of recent research reports. Wedbush reissued an “outperform” rating and issued a $17.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, February 29th. Scotiabank boosted their price objective on Sabra Health Care REIT from $14.00 to $15.00 and gave the company a “sector perform” rating in a research note on Wednesday, May 15th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Sabra Health Care REIT in a research note on Tuesday, January 30th. They issued a “buy” rating and a $21.00 target price for the company. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Sabra Health Care REIT has an average rating of “Moderate Buy” and a consensus price target of $15.71.

View Our Latest Research Report on SBRA

Sabra Health Care REIT Trading Up 1.9 %

NASDAQ SBRA opened at $14.42 on Monday. The stock has a 50-day moving average of $14.25 and a 200-day moving average of $14.09. The company has a current ratio of 4.33, a quick ratio of 4.33 and a debt-to-equity ratio of 0.89. Sabra Health Care REIT, Inc. has a 1-year low of $10.30 and a 1-year high of $14.92. The firm has a market cap of $3.34 billion, a PE ratio of 72.10, a price-to-earnings-growth ratio of 2.43 and a beta of 1.17.

Sabra Health Care REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.32%. The ex-dividend date is Friday, May 17th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 600.00%.

Insider Transactions at Sabra Health Care REIT

In other Sabra Health Care REIT news, Director Catherine Cusack purchased 7,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was bought at an average price of $14.43 per share, with a total value of $101,010.00. Following the completion of the purchase, the director now directly owns 46,385 shares of the company’s stock, valued at approximately $669,335.55. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.

Sabra Health Care REIT Profile

(Free Report)

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.

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

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