MQS Management LLC Makes New Investment in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

MQS Management LLC purchased a new stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 11,230 shares of the real estate investment trust’s stock, valued at approximately $166,000.

Several other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new position in Sabra Health Care REIT during the fourth quarter worth about $31,605,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of Sabra Health Care REIT by 63.6% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 318,808 shares of the real estate investment trust’s stock worth $4,709,000 after purchasing an additional 123,966 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Sabra Health Care REIT by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 21,487,279 shares of the real estate investment trust’s stock worth $306,623,000 after purchasing an additional 484,086 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Sabra Health Care REIT by 170.2% in the fourth quarter. Russell Investments Group Ltd. now owns 399,215 shares of the real estate investment trust’s stock worth $5,697,000 after purchasing an additional 251,482 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. raised its stake in Sabra Health Care REIT by 58.8% in the fourth quarter. Duff & Phelps Investment Management Co. now owns 2,101,595 shares of the real estate investment trust’s stock valued at $29,990,000 after purchasing an additional 778,355 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.

Insider Buying and Selling

In related news, Director Catherine Cusack acquired 7,000 shares of the stock in a transaction on Wednesday, May 22nd. The stock was purchased at an average price of $14.43 per share, for a total transaction of $101,010.00. Following the completion of the transaction, the director now owns 46,385 shares of the company’s stock, valued at approximately $669,335.55. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

Sabra Health Care REIT Trading Down 1.5 %

NASDAQ SBRA traded down $0.25 during trading on Thursday, hitting $16.34. 2,065,792 shares of the company’s stock traded hands, compared to its average volume of 1,958,138. The stock has a fifty day moving average of $15.00 and a two-hundred day moving average of $14.32. Sabra Health Care REIT, Inc. has a 12-month low of $11.73 and a 12-month high of $16.89. The firm has a market cap of $3.78 billion, a P/E ratio of 81.70, a PEG ratio of 2.65 and a beta of 1.24. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.33 and a quick ratio of 4.33.

Sabra Health Care REIT Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 20th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 7.34%. The ex-dividend date was Friday, May 17th. Sabra Health Care REIT’s dividend payout ratio is presently 600.00%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Scotiabank increased their price target on shares of Sabra Health Care REIT from $14.00 to $15.00 and gave the stock a “sector perform” rating in a report on Wednesday, May 15th. Truist Financial increased their target price on Sabra Health Care REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $16.09.

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.