Duff & Phelps Investment Management Co. Reduces Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Duff & Phelps Investment Management Co. cut its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 6.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,027,410 shares of the real estate investment trust’s stock after selling 149,045 shares during the period. Duff & Phelps Investment Management Co. owned about 0.87% of Sabra Health Care REIT worth $31,222,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Family Firm Inc. acquired a new stake in shares of Sabra Health Care REIT in the second quarter valued at approximately $26,000. Neo Ivy Capital Management acquired a new stake in Sabra Health Care REIT during the 4th quarter worth $41,000. Newbridge Financial Services Group Inc. purchased a new position in Sabra Health Care REIT during the 4th quarter worth $56,000. GAMMA Investing LLC increased its stake in Sabra Health Care REIT by 40.0% in the second quarter. GAMMA Investing LLC now owns 3,682 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 1,052 shares during the period. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of Sabra Health Care REIT in the first quarter valued at about $89,000. 99.40% of the stock is owned by hedge funds and other institutional investors.

Sabra Health Care REIT Price Performance

Shares of NASDAQ SBRA opened at $18.44 on Friday. 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 $12.83 and a one year high of $19.32. The firm has a market capitalization of $4.32 billion, a P/E ratio of 92.20, a PEG ratio of 2.72 and a beta of 1.26. The company’s fifty day moving average is $17.14 and its two-hundred day moving average is $15.45.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $176.14 million for the quarter, compared to analysts’ expectations of $166.54 million. During the same period in the prior year, the firm posted $0.34 EPS. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts forecast that Sabra Health Care REIT, Inc. will post 1.38 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date of this dividend was Monday, August 19th. Sabra Health Care REIT’s dividend payout ratio is currently 600.00%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on SBRA shares. Citigroup raised Sabra Health Care REIT from a “neutral” rating to a “buy” rating and raised their price target for the stock from $17.00 to $20.00 in a report on Friday, September 13th. Truist Financial boosted their target price on Sabra Health Care REIT from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Scotiabank increased their price target on Sabra Health Care REIT from $15.00 to $17.00 and gave the stock a “sector perform” rating in a report on Monday, August 26th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.30.

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.