Franklin Resources Inc. Increases Stake in Sabra Healthcare REIT, Inc. $SBRA

Franklin Resources Inc. lifted its position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 27.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 503,499 shares of the real estate investment trust’s stock after acquiring an additional 108,268 shares during the quarter. Franklin Resources Inc. owned 0.21% of Sabra Healthcare REIT worth $9,285,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new stake in Sabra Healthcare REIT in the second quarter worth about $369,000. Dorsey Wright & Associates purchased a new stake in shares of Sabra Healthcare REIT in the second quarter worth approximately $329,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Sabra Healthcare REIT by 2.6% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 336,100 shares of the real estate investment trust’s stock worth $6,198,000 after acquiring an additional 8,600 shares during the last quarter. Duff & Phelps Investment Management Co. boosted its holdings in Sabra Healthcare REIT by 0.6% during the 2nd quarter. Duff & Phelps Investment Management Co. now owns 2,549,438 shares of the real estate investment trust’s stock valued at $47,012,000 after acquiring an additional 16,069 shares during the period. Finally, Ontario Teachers Pension Plan Board bought a new position in Sabra Healthcare REIT in the 2nd quarter valued at $634,000. 99.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on SBRA shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Sabra Healthcare REIT in a research report on Wednesday, October 8th. National Bankshares set a $22.00 price objective on shares of Sabra Healthcare REIT in a report on Friday, October 17th. Truist Financial upped their target price on shares of Sabra Healthcare REIT from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, September 2nd. Cantor Fitzgerald started coverage on shares of Sabra Healthcare REIT in a research report on Wednesday, October 1st. They set a “neutral” rating and a $20.00 target price on the stock. Finally, Wells Fargo & Company boosted their price target on Sabra Healthcare REIT from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.78.

Sabra Healthcare REIT Trading Up 0.7%

NASDAQ SBRA opened at $19.48 on Friday. Sabra Healthcare REIT, Inc. has a one year low of $15.60 and a one year high of $19.97. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.80 and a current ratio of 4.80. The company has a market capitalization of $4.86 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 1.10 and a beta of 0.84. The company’s 50-day simple moving average is $18.37 and its two-hundred day simple moving average is $18.39.

Sabra Healthcare REIT (NASDAQ:SBRA) last released its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. The firm had revenue of $190.04 million for the quarter, compared to the consensus estimate of $193.44 million. Sabra Healthcare REIT had a net margin of 24.87% and a return on equity of 6.69%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same period last year, the firm earned $0.37 earnings per share. Sabra Healthcare REIT has set its FY 2025 guidance at 1.455-1.465 EPS. Equities analysts forecast that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Monday, November 17th were issued a $0.30 dividend. The ex-dividend date was Monday, November 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.2%. Sabra Healthcare REIT’s dividend payout ratio (DPR) is currently 166.67%.

Sabra Healthcare REIT Company 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.