Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 10.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 101,666 shares of the real estate investment trust’s stock after purchasing an additional 9,420 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sabra Health Care REIT were worth $1,566,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in shares of Sabra Health Care REIT by 2.5% during the first quarter. Vanguard Group Inc. now owns 34,972,611 shares of the real estate investment trust’s stock valued at $516,545,000 after acquiring an additional 838,654 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Sabra Health Care REIT by 0.4% during the 1st quarter. Principal Financial Group Inc. now owns 21,571,121 shares of the real estate investment trust’s stock worth $318,605,000 after purchasing an additional 83,842 shares during the period. Janus Henderson Group PLC boosted its position in shares of Sabra Health Care REIT by 2.9% during the 1st quarter. Janus Henderson Group PLC now owns 5,199,682 shares of the real estate investment trust’s stock worth $76,701,000 after purchasing an additional 145,548 shares during the period. LSV Asset Management increased its holdings in Sabra Health Care REIT by 2.5% in the 4th quarter. LSV Asset Management now owns 4,385,615 shares of the real estate investment trust’s stock valued at $62,583,000 after purchasing an additional 107,266 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Sabra Health Care REIT by 2.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,190,587 shares of the real estate investment trust’s stock valued at $59,800,000 after purchasing an additional 94,304 shares during the period. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SBRA has been the subject of a number of research reports. Truist Financial lifted their price objective on Sabra Health Care REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Scotiabank raised their target price on Sabra Health Care REIT from $15.00 to $17.00 and gave the company a “sector perform” rating in a report on Monday, August 26th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $16.60.

Sabra Health Care REIT Stock Performance

Shares of Sabra Health Care REIT stock opened at $17.04 on Monday. The business has a 50-day simple moving average of $16.09 and a 200-day simple moving average of $14.86. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.27 and a current ratio of 4.27. Sabra Health Care REIT, Inc. has a one year low of $12.31 and a one year high of $17.07. The company has a market cap of $3.99 billion, a PE ratio of 85.20, a P/E/G ratio of 2.46 and a beta of 1.24.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.34 by ($0.24). Sabra Health Care REIT had a return on equity of 1.87% and a net margin of 7.83%. The firm had revenue of $176.14 million for the quarter, compared to analyst estimates of $166.54 million. During the same quarter last year, the firm earned $0.34 EPS. The company’s revenue was up 9.3% on a year-over-year basis. On average, equities research analysts forecast that Sabra Health Care REIT, Inc. will post 1.37 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 19th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 7.04%. The ex-dividend date was Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio is presently 600.00%.

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.