80,453 Sabra Healthcare REIT, Inc. $SBRA Shares Acquired by Sound Income Strategies LLC

Sound Income Strategies LLC boosted its position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 8.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,051,751 shares of the real estate investment trust’s stock after buying an additional 80,453 shares during the quarter. Sound Income Strategies LLC owned approximately 0.41% of Sabra Healthcare REIT worth $19,815,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in shares of Sabra Healthcare REIT by 7.9% in the third quarter. GAMMA Investing LLC now owns 9,927 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 724 shares during the period. QRG Capital Management Inc. grew its stake in shares of Sabra Healthcare REIT by 1.6% during the 2nd quarter. QRG Capital Management Inc. now owns 53,195 shares of the real estate investment trust’s stock worth $1,038,000 after acquiring an additional 857 shares during the period. Anchor Investment Management LLC grew its stake in shares of Sabra Healthcare REIT by 17.8% during the 2nd quarter. Anchor Investment Management LLC now owns 4,877 shares of the real estate investment trust’s stock worth $95,000 after acquiring an additional 737 shares during the period. Core Capital Management & Research inc. purchased a new stake in Sabra Healthcare REIT in the 2nd quarter worth about $204,000. Finally, Tidal Investments LLC increased its holdings in Sabra Healthcare REIT by 204.1% in the 2nd quarter. Tidal Investments LLC now owns 37,958 shares of the real estate investment trust’s stock worth $741,000 after acquiring an additional 25,477 shares during the last quarter. 99.40% of the stock is currently owned by institutional investors.

Insider Transactions at Sabra Healthcare REIT

In related news, CEO Richard Matros sold 200,000 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $20.83, for a total transaction of $4,166,000.00. Following the completion of the transaction, the chief executive officer directly owned 1,657,686 shares in the company, valued at $34,529,599.38. The trade was a 10.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 1.09% of the company’s stock.

Wall Street Analysts Forecast Growth

SBRA has been the topic of several recent research reports. Citigroup reaffirmed a “market outperform” rating on shares of Sabra Healthcare REIT in a report on Wednesday, July 22nd. Scotiabank reduced their target price on shares of Sabra Healthcare REIT from $22.00 to $19.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Truist Financial upped their price target on shares of Sabra Healthcare REIT from $22.00 to $24.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Robert W. Baird raised their price objective on shares of Sabra Healthcare REIT from $20.00 to $21.00 and gave the stock a “neutral” rating in a report on Monday, August 31st. Finally, Citizens Jmp lifted their price objective on shares of Sabra Healthcare REIT from $23.00 to $25.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 22nd. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.23.

Sabra Healthcare REIT Price Performance

NASDAQ SBRA traded up $0.12 on Friday, hitting $18.96. The stock had a trading volume of 1,393,548 shares, compared to its average volume of 2,694,469. Sabra Healthcare REIT, Inc. has a 52-week low of $17.17 and a 52-week high of $22.77. The company has a debt-to-equity ratio of 0.95, a quick ratio of 3.07 and a current ratio of 3.07. The company has a market capitalization of $4.84 billion, a price-to-earnings ratio of 72.93, a price-to-earnings-growth ratio of 1.42 and a beta of 0.63. The firm has a 50-day moving average of $20.26 and a 200-day moving average of $20.09.

Sabra Healthcare REIT (NASDAQ:SBRA) last announced its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.27). The firm had revenue of $230.11 million during the quarter, compared to the consensus estimate of $219.39 million. Sabra Healthcare REIT had a net margin of 7.61% and a return on equity of 2.34%. The firm’s revenue for the quarter was up 24.7% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 earnings per share. Equities analysts expect that Sabra Healthcare REIT, Inc. will post 1.52 EPS for the current year.

Sabra Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Friday, August 14th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.20 annualized dividend and a yield of 6.3%. Sabra Healthcare REIT’s dividend payout ratio (DPR) is currently 461.54%.

Sabra Healthcare REIT Profile

Sabra Healthcare REIT, Inc is a self-managed real estate investment trust that owns and invests in healthcare-related real estate. The company primarily provides capital to healthcare operators through property ownership, leases, mortgage loans, and other investment structures.

Sabra’s portfolio has historically included skilled nursing facilities, senior housing communities, behavioral health facilities, specialty hospitals, and other healthcare properties. Its properties are generally leased to or operated by third-party healthcare providers, allowing the company to participate in the healthcare real estate market without directly delivering most patient-care services.

Founded in 2010, Sabra Healthcare REIT serves healthcare markets primarily in the United States, with investments that have also included select properties in Canada.