Janus Henderson Group PLC Decreases Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Janus Henderson Group PLC cut its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 43.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,846,859 shares of the real estate investment trust’s stock after selling 2,200,656 shares during the quarter. Janus Henderson Group PLC owned 1.20% of Sabra Health Care REIT worth $52,940,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Sabra Health Care REIT by 7.1% in the second quarter. Envestnet Asset Management Inc. now owns 579,110 shares of the real estate investment trust’s stock valued at $8,918,000 after purchasing an additional 38,144 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Sabra Health Care REIT by 77.0% in the second quarter. Renaissance Technologies LLC now owns 1,287,279 shares of the real estate investment trust’s stock valued at $19,824,000 after purchasing an additional 559,800 shares during the period. Texas Permanent School Fund Corp boosted its stake in shares of Sabra Health Care REIT by 22.1% in the second quarter. Texas Permanent School Fund Corp now owns 247,000 shares of the real estate investment trust’s stock valued at $3,804,000 after purchasing an additional 44,639 shares during the period. Asset Management One Co. Ltd. boosted its stake in shares of Sabra Health Care REIT by 14.2% in the third quarter. Asset Management One Co. Ltd. now owns 539,004 shares of the real estate investment trust’s stock valued at $10,031,000 after purchasing an additional 66,929 shares during the period. Finally, Citigroup Inc. boosted its stake in Sabra Health Care REIT by 104.0% during the 3rd quarter. Citigroup Inc. now owns 316,007 shares of the real estate investment trust’s stock valued at $5,881,000 after acquiring an additional 161,071 shares during the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Sabra Health Care REIT Stock Down 0.9 %

SBRA stock opened at $18.26 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 fifty-two week low of $12.83 and a fifty-two week high of $20.03. The firm’s 50-day simple moving average is $18.61 and its 200 day simple moving average is $16.92. The stock has a market cap of $4.32 billion, a PE ratio of 44.95, a price-to-earnings-growth ratio of 2.32 and a beta of 1.24.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Sabra Health Care REIT had a return on equity of 3.51% and a net margin of 14.20%. The firm had revenue of $178.00 million during the quarter, compared to analyst estimates of $177.19 million. During the same period last year, the business earned $0.34 EPS. As a group, sell-side analysts predict that Sabra Health Care REIT, Inc. will post 1.39 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.57%. The ex-dividend date of this dividend was Friday, November 15th. Sabra Health Care REIT’s dividend payout ratio is currently 292.69%.

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.