Assetmark Inc. Has $37,000 Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Assetmark Inc. boosted its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 168.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,962 shares of the real estate investment trust’s stock after acquiring an additional 1,231 shares during the period. Assetmark Inc.’s holdings in Sabra Health Care REIT were worth $37,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SBRA. Natixis bought a new position in Sabra Health Care REIT in the first quarter worth $633,000. Cetera Advisors LLC raised its position in Sabra Health Care REIT by 996.2% in the first quarter. Cetera Advisors LLC now owns 149,574 shares of the real estate investment trust’s stock worth $2,209,000 after purchasing an additional 135,929 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Sabra Health Care REIT by 7.1% during 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 in the last quarter. Cetera Investment Advisers grew its stake in shares of Sabra Health Care REIT by 34.1% in the 1st quarter. Cetera Investment Advisers now owns 406,675 shares of the real estate investment trust’s stock valued at $6,007,000 after purchasing an additional 103,413 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Sabra Health Care REIT by 77.0% during the 2nd quarter. Renaissance Technologies LLC now owns 1,287,279 shares of the real estate investment trust’s stock worth $19,824,000 after buying an additional 559,800 shares during the period. Institutional investors and hedge funds own 99.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on SBRA. Scotiabank increased their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. Citigroup upgraded shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and boosted their price target for the company from $17.00 to $20.00 in a research report on Friday, September 13th. Wells Fargo & Company upgraded shares of 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 note on Tuesday, October 1st. Finally, 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 research report on Wednesday, September 4th. 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 has a consensus rating of “Moderate Buy” and a consensus target price of $18.71.

Sabra Health Care REIT Stock Performance

Shares of NASDAQ:SBRA opened at $18.11 on Tuesday. The stock has a market capitalization of $4.28 billion, a P/E ratio of 44.17, a P/E/G ratio of 2.28 and a beta of 1.25. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90. Sabra Health Care REIT, Inc. has a 1-year low of $12.83 and a 1-year high of $20.03. The business has a 50-day moving average price of $18.61 and a two-hundred day moving average price of $16.60.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $177.19 million. Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. During the same period in the previous year, the business posted $0.34 earnings per share. Equities analysts predict that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.63%. The ex-dividend date of this dividend is Friday, November 15th. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently 292.68%.

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.