MQS Management LLC Purchases Shares of 29,429 Sabra Healthcare REIT, Inc. $SBRA

MQS Management LLC acquired a new position in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 29,429 shares of the real estate investment trust’s stock, valued at approximately $549,000.

Other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. boosted its position in shares of Sabra Healthcare REIT by 1.7% during the third quarter. Oppenheimer & Co. Inc. now owns 33,984 shares of the real estate investment trust’s stock valued at $633,000 after buying an additional 581 shares during the last quarter. Waterloo Capital L.P. lifted its stake in Sabra Healthcare REIT by 2.6% during the 3rd quarter. Waterloo Capital L.P. now owns 261,598 shares of the real estate investment trust’s stock valued at $4,876,000 after acquiring an additional 6,668 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in Sabra Healthcare REIT by 209.1% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,956 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 2,676 shares in the last quarter. Penserra Capital Management LLC boosted its holdings in Sabra Healthcare REIT by 3.5% during the 3rd quarter. Penserra Capital Management LLC now owns 76,088 shares of the real estate investment trust’s stock worth $1,418,000 after acquiring an additional 2,569 shares during the last quarter. Finally, Allianz Asset Management GmbH raised its holdings in shares of Sabra Healthcare REIT by 9.9% in the third quarter. Allianz Asset Management GmbH now owns 902,998 shares of the real estate investment trust’s stock valued at $16,832,000 after purchasing an additional 81,293 shares during the last quarter. Institutional investors own 99.40% of the company’s stock.

Sabra Healthcare REIT Stock Up 0.3%

Sabra Healthcare REIT stock opened at $19.15 on Wednesday. The firm has a 50 day moving average price of $18.99 and a 200-day moving average price of $18.73. The company has a quick ratio of 5.19, a current ratio of 5.19 and a debt-to-equity ratio of 0.92. Sabra Healthcare REIT, Inc. has a twelve month low of $15.60 and a twelve month high of $19.97. The company has a market capitalization of $4.78 billion, a P/E ratio of 26.60 and a beta of 0.67.

Sabra Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Friday, February 13th. Sabra Healthcare REIT’s dividend payout ratio is 166.67%.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Sabra Healthcare REIT from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, November 25th. UBS Group assumed coverage on Sabra Healthcare REIT in a research note on Tuesday, November 18th. They issued a “neutral” rating and a $20.00 target price on the stock. Wall Street Zen downgraded Sabra Healthcare REIT from a “hold” rating to a “sell” rating in a research report on Friday, January 23rd. Jefferies Financial Group reiterated a “buy” rating and set a $22.00 price target on shares of Sabra Healthcare REIT in a report on Monday, December 15th. Finally, Truist Financial upped their price objective on Sabra Healthcare REIT from $20.00 to $21.00 and gave the company a “hold” rating in a research note on Tuesday, January 20th. Four analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, Sabra Healthcare REIT has an average rating of “Hold” and an average price target of $21.11.

About Sabra Healthcare REIT

Sabra Healthcare REIT, Inc (NASDAQ: SBRA) is a real estate investment trust that acquires, owns and operates net‐lease healthcare properties. Its diversified portfolio spans senior housing communities, skilled nursing and rehabilitation centers, outpatient medical facilities, medical office buildings, hospitals and life science properties. Sabra structures long‐term, triple‐net lease agreements with healthcare operators, providing stable rental income streams while allowing tenants to focus on patient care and operational excellence.

Serving a broad spectrum of care segments, Sabra’s tenants include both regional and national providers of assisted living, independent living, memory care, post‐acute rehabilitation and research and development laboratories.