Nomura Asset Management Co. Ltd. Boosts Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Nomura Asset Management Co. Ltd. raised its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 4.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 315,600 shares of the real estate investment trust’s stock after acquiring an additional 13,600 shares during the quarter. Nomura Asset Management Co. Ltd. owned approximately 0.13% of Sabra Health Care REIT worth $5,873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SBRA. Rockefeller Capital Management L.P. grew its holdings in shares of Sabra Health Care REIT by 4.5% in the third quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust’s stock worth $286,000 after purchasing an additional 655 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Sabra Health Care REIT by 25.3% during the third quarter. GAMMA Investing LLC now owns 4,614 shares of the real estate investment trust’s stock worth $86,000 after acquiring an additional 932 shares during the period. Mercer Global Advisors Inc. ADV increased its position in shares of Sabra Health Care REIT by 2.5% during the second quarter. Mercer Global Advisors Inc. ADV now owns 48,448 shares of the real estate investment trust’s stock worth $746,000 after acquiring an additional 1,168 shares during the period. Assetmark Inc. increased its position in shares of Sabra Health Care REIT by 168.4% during the third quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,231 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Sabra Health Care REIT by 2.0% during the second quarter. Arizona State Retirement System now owns 64,802 shares of the real estate investment trust’s stock valued at $998,000 after acquiring an additional 1,258 shares in the last quarter. 99.40% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SBRA shares. Wells Fargo & Company raised Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $16.00 to $20.00 in a research report on Tuesday, October 1st. Truist Financial lifted their price objective 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. 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 research report on Friday, September 13th. Scotiabank boosted their price target on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “sector perform” rating in a report 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, December 5th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. 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 Trading Down 1.8 %

NASDAQ SBRA opened at $17.37 on Friday. Sabra Health Care REIT, Inc. has a 52 week low of $12.83 and a 52 week high of $20.03. The company has a 50 day moving average price of $18.53 and a 200 day moving average price of $17.05. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.90. The firm has a market cap of $4.11 billion, a PE ratio of 42.37, a price-to-earnings-growth ratio of 2.22 and a beta of 1.24.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The business 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 period in the previous year, the company posted $0.34 earnings per share. As a group, sell-side analysts forecast that Sabra Health Care REIT, Inc. will post 1.39 EPS for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.91%. Sabra Health Care REIT’s payout ratio is 292.69%.

About Sabra Health Care REIT

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.