GraniteShares Advisors LLC Acquires New Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

GraniteShares Advisors LLC acquired a new stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 101,979 shares of the real estate investment trust’s stock, valued at approximately $1,455,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SBRA. JPMorgan Chase & Co. grew its stake in Sabra Health Care REIT by 709.0% during the third quarter. JPMorgan Chase & Co. now owns 13,504,420 shares of the real estate investment trust’s stock valued at $188,252,000 after acquiring an additional 11,835,109 shares in the last quarter. Graham Capital Management L.P. purchased a new position in Sabra Health Care REIT during the third quarter valued at $1,392,000. Northern Trust Corp grew its stake in shares of Sabra Health Care REIT by 8.6% in the 3rd quarter. Northern Trust Corp now owns 3,348,859 shares of the real estate investment trust’s stock worth $46,683,000 after buying an additional 264,569 shares in the last quarter. QRG Capital Management Inc. purchased a new position in shares of Sabra Health Care REIT in the 3rd quarter worth $787,000. Finally, Principal Financial Group Inc. grew its stake in shares of Sabra Health Care REIT by 1.5% in the 3rd quarter. Principal Financial Group Inc. now owns 21,003,193 shares of the real estate investment trust’s stock worth $292,783,000 after buying an additional 313,517 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wedbush reissued an “outperform” rating and issued a $17.00 price objective on shares of Sabra Health Care REIT in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft started coverage on shares of Sabra Health Care REIT in a report on Tuesday, January 30th. They issued a “buy” rating and a $21.00 target price for the company. Finally, Mizuho raised their target price on shares of Sabra Health Care REIT from $15.00 to $17.00 and gave the stock a “buy” rating in a report on Wednesday, January 3rd. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sabra Health Care REIT presently has a consensus rating of “Moderate Buy” and an average price target of $15.54.

Sabra Health Care REIT Price Performance

Shares of SBRA stock traded down $0.09 on Tuesday, reaching $13.60. 1,393,421 shares of the company were exchanged, compared to its average volume of 2,027,443. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 273.80, a P/E/G ratio of 4.94 and a beta of 1.16. Sabra Health Care REIT, Inc. has a 1 year low of $10.30 and a 1 year high of $14.91. The business has a 50-day moving average price of $14.04 and a 200 day moving average price of $14.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.41 and a current ratio of 3.41.

Sabra Health Care REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 13th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 12th. This represents a $1.20 dividend on an annualized basis and a yield of 8.82%. Sabra Health Care REIT’s payout ratio is 2,400.00%.

Sabra Health Care REIT Company 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.