Victory Capital Management Inc. Sells 1,427 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Victory Capital Management Inc. lowered its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 0.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,641,257 shares of the real estate investment trust’s stock after selling 1,427 shares during the quarter. Victory Capital Management Inc. owned about 0.70% of Sabra Health Care REIT worth $30,544,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Family Firm Inc. bought a new position in shares of Sabra Health Care REIT in the 2nd quarter worth about $26,000. Assetmark Inc. increased its stake 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 valued at $37,000 after purchasing an additional 1,231 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Sabra Health Care REIT by 40.0% during the second quarter. GAMMA Investing LLC now owns 3,682 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 1,052 shares during the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Sabra Health Care REIT during the third quarter valued at approximately $78,000. Finally, International Assets Investment Management LLC boosted its position in shares of Sabra Health Care REIT by 1,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 5,776 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SBRA shares. Scotiabank lifted their price objective on 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. Truist Financial upped their price target on shares of 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. Wells Fargo & Company raised 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 report on Tuesday, October 1st. Finally, Citigroup raised shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $17.00 to $20.00 in a report on Friday, September 13th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.71.

Sabra Health Care REIT Stock Performance

Shares of NASDAQ SBRA opened at $18.18 on Friday. The firm’s 50-day moving average price is $18.60 and its 200-day moving average price is $16.55. 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 market cap of $4.30 billion, a PE ratio of 44.34, a PEG ratio of 2.35 and a beta of 1.25. 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 (NASDAQ:SBRA) last issued its earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). The company had revenue of $178.00 million during the quarter, compared to analysts’ expectations 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 posted $0.34 EPS. As a group, analysts anticipate that Sabra Health Care REIT, Inc. will post 1.39 EPS for the current year.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.60%. The ex-dividend date is Friday, November 15th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 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.