Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Director Acquires $101,010.00 in Stock

Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Director Catherine Cusack purchased 7,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were acquired at an average cost of $14.43 per share, for a total transaction of $101,010.00. Following the acquisition, the director now owns 46,385 shares of the company’s stock, valued at approximately $669,335.55. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Sabra Health Care REIT Trading Up 1.9 %

Sabra Health Care REIT stock opened at $14.42 on Friday. The firm has a market cap of $3.34 billion, a price-to-earnings ratio of 72.10, a price-to-earnings-growth ratio of 2.43 and a beta of 1.17. Sabra Health Care REIT, Inc. has a 1 year low of $10.30 and a 1 year high of $14.92. The firm’s 50 day moving average price is $14.25 and its two-hundred day moving average price is $14.08. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.33 and a current ratio of 4.33.

Sabra Health Care REIT Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 8.32%. The ex-dividend date is Friday, May 17th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 600.00%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wedbush restated an “outperform” rating and issued a $17.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, February 29th. Scotiabank raised their price target on Sabra Health Care REIT from $14.00 to $15.00 and gave the company a “sector perform” rating in a report on Wednesday, May 15th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Sabra Health Care REIT in a report on Tuesday, January 30th. They issued a “buy” rating and a $21.00 price objective for the company. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.71.

Institutional Investors Weigh In On Sabra Health Care REIT

Several hedge funds have recently modified their holdings of SBRA. State of Alaska Department of Revenue lifted its stake in Sabra Health Care REIT by 0.6% during the first quarter. State of Alaska Department of Revenue now owns 135,087 shares of the real estate investment trust’s stock valued at $1,993,000 after buying an additional 755 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Sabra Health Care REIT by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 290,353 shares of the real estate investment trust’s stock valued at $4,289,000 after acquiring an additional 761 shares in the last quarter. Signaturefd LLC boosted its stake in Sabra Health Care REIT by 45.2% in the 3rd quarter. Signaturefd LLC now owns 2,610 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 813 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Sabra Health Care REIT by 0.6% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 136,667 shares of the real estate investment trust’s stock worth $1,931,000 after purchasing an additional 825 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Sabra Health Care REIT by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 65,828 shares of the real estate investment trust’s stock valued at $918,000 after purchasing an additional 900 shares during the period. 99.40% of the stock is owned by hedge funds and other institutional investors.

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.