Sabra Healthcare REIT, Inc. $SBRA Shares Purchased by LPL Financial LLC

LPL Financial LLC increased its holdings in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 126,268 shares of the real estate investment trust’s stock after acquiring an additional 957 shares during the quarter. LPL Financial LLC owned approximately 0.05% of Sabra Healthcare REIT worth $2,206,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in shares of Sabra Healthcare REIT by 379.6% in the first quarter. UMB Bank n.a. now owns 2,048 shares of the real estate investment trust’s stock valued at $36,000 after purchasing an additional 1,621 shares during the period. Assetmark Inc. increased its stake in shares of Sabra Healthcare REIT by 37.8% in the first quarter. Assetmark Inc. now owns 3,607 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 989 shares during the period. Fifth Third Bancorp increased its stake in shares of Sabra Healthcare REIT by 110.3% in the first quarter. Fifth Third Bancorp now owns 3,835 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 2,011 shares during the period. GF Fund Management CO. LTD. acquired a new stake in shares of Sabra Healthcare REIT in the fourth quarter valued at approximately $74,000. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Sabra Healthcare REIT by 17.2% in the first quarter. Harbor Capital Advisors Inc. now owns 4,377 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 642 shares during the period. Institutional investors and hedge funds own 99.40% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on SBRA. JMP Securities raised their price target on shares of Sabra Healthcare REIT from $20.00 to $22.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 6th. Scotiabank raised their price target on shares of Sabra Healthcare REIT from $19.00 to $20.00 and gave the company a “sector perform” rating in a research note on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

Sabra Healthcare REIT Trading Up 1.5%

Sabra Healthcare REIT stock opened at $18.91 on Wednesday. The firm has a 50 day simple moving average of $18.37 and a 200-day simple moving average of $17.64. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.80 and a quick ratio of 4.80. The stock has a market capitalization of $4.53 billion, a PE ratio of 24.88, a price-to-earnings-growth ratio of 1.54 and a beta of 0.86. Sabra Healthcare REIT, Inc. has a 12-month low of $15.60 and a 12-month high of $20.03.

Sabra Healthcare REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.02. The business had revenue of $189.15 million during the quarter, compared to analysts’ expectations of $185.64 million. Sabra Healthcare REIT had a net margin of 24.87% and a return on equity of 6.69%. The business’s revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.36 earnings per share. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. As a group, equities research analysts expect that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Friday, August 15th. Sabra Healthcare REIT’s dividend payout ratio (DPR) is presently 157.89%.

Sabra Healthcare REIT Profile

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA.