Quarry LP Invests $30,000 in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Quarry LP bought a new stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 1,618 shares of the real estate investment trust’s stock, valued at approximately $30,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC raised its holdings in shares of Sabra Health Care REIT by 3.0% in the 2nd quarter. Nisa Investment Advisors LLC now owns 127,738 shares of the real estate investment trust’s stock valued at $1,967,000 after buying an additional 3,667 shares during the period. Van Lanschot Kempen Investment Management N.V. increased its stake in Sabra Health Care REIT by 461.0% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 563,844 shares of the real estate investment trust’s stock worth $8,683,000 after purchasing an additional 463,344 shares during the period. Family Firm Inc. acquired a new stake in shares of Sabra Health Care REIT during the second quarter worth about $26,000. LDR Capital Management LLC boosted its stake in shares of Sabra Health Care REIT by 4.7% in the second quarter. LDR Capital Management LLC now owns 454,219 shares of the real estate investment trust’s stock valued at $6,995,000 after purchasing an additional 20,554 shares during the period. Finally, Arkadios Wealth Advisors acquired a new position in shares of Sabra Health Care REIT in the second quarter valued at approximately $305,000. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on SBRA. Mizuho reissued a “neutral” rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Truist Financial boosted their target price on Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Scotiabank increased their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “sector perform” rating in a research report on Friday, October 11th. Wells Fargo & Company raised Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $16.00 to $20.00 in a research report on Tuesday, October 1st. Finally, Citigroup raised shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and raised their target price for the company from $17.00 to $20.00 in a report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.14.

Sabra Health Care REIT Stock Performance

Shares of SBRA opened at $17.37 on Friday. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.90. Sabra Health Care REIT, Inc. has a 52-week low of $12.83 and a 52-week high of $20.03. The stock has a 50 day moving average price of $18.53 and a 200 day moving average price of $17.05. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 42.37, a price-to-earnings-growth ratio of 2.26 and a beta of 1.24.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.22). The company had revenue of $178.00 million for the quarter, compared to analyst estimates of $177.19 million. Sabra Health Care REIT had a return on equity of 3.51% and a net margin of 14.20%. During the same quarter in the prior year, the business earned $0.34 earnings per share. Research analysts predict that Sabra Health Care REIT, Inc. will post 1.39 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, November 29th. Shareholders of record on Friday, November 15th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.91%. The ex-dividend date was Friday, November 15th. Sabra Health Care REIT’s dividend payout ratio (DPR) is 292.68%.

Sabra Health Care REIT 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.