Polaris Capital Management LLC Acquires Shares of 101,400 Sabra Healthcare REIT, Inc. $SBRA

Polaris Capital Management LLC acquired a new stake in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 101,400 shares of the real estate investment trust’s stock, valued at approximately $1,870,000.

A number of other institutional investors have also recently made changes to their positions in the stock. State of Michigan Retirement System boosted its holdings in shares of Sabra Healthcare REIT by 1.1% during the 1st quarter. State of Michigan Retirement System now owns 56,649 shares of the real estate investment trust’s stock valued at $990,000 after acquiring an additional 600 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Sabra Healthcare REIT by 0.9% during the 1st quarter. Louisiana State Employees Retirement System now owns 66,300 shares of the real estate investment trust’s stock valued at $1,158,000 after acquiring an additional 600 shares during the last quarter. Harbor Capital Advisors Inc. boosted its holdings in shares of Sabra Healthcare REIT by 17.2% during the 1st quarter. Harbor Capital Advisors Inc. now owns 4,377 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 642 shares during the last quarter. Diversify Advisory Services LLC boosted its holdings in shares of Sabra Healthcare REIT by 5.7% during the 1st quarter. Diversify Advisory Services LLC now owns 12,878 shares of the real estate investment trust’s stock valued at $226,000 after acquiring an additional 689 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Sabra Healthcare REIT by 16.2% during the 1st quarter. IFP Advisors Inc now owns 5,060 shares of the real estate investment trust’s stock valued at $88,000 after acquiring an additional 706 shares during the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SBRA. Wells Fargo & Company raised their price target on shares of Sabra Healthcare REIT from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. JMP Securities raised their price objective on shares of Sabra Healthcare REIT from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 6th. BMO Capital Markets raised their price objective on shares of Sabra Healthcare REIT from $19.00 to $22.00 and gave the stock a “market perform” rating in a report on Monday, August 25th. Scotiabank raised their price objective on shares of Sabra Healthcare REIT from $19.00 to $20.00 and gave the stock a “sector perform” rating in a report on Monday, June 23rd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Sabra Healthcare REIT in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.71.

Sabra Healthcare REIT Price Performance

Shares of NASDAQ:SBRA opened at $18.14 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.80 and a quick ratio of 4.80. Sabra Healthcare REIT, Inc. has a 1-year low of $15.60 and a 1-year high of $20.03. The company has a market capitalization of $4.35 billion, a P/E ratio of 23.87, a P/E/G ratio of 1.46 and a beta of 0.85. The firm’s 50 day simple moving average is $18.77 and its two-hundred day simple moving average is $18.15.

Sabra Healthcare REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. Sabra Healthcare REIT had a net margin of 24.87% and a return on equity of 6.69%. The business had revenue of $189.15 million for the quarter, compared to the consensus estimate of $185.64 million. During the same quarter in the previous year, the firm earned $0.36 earnings per share. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. Research analysts expect that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.20 annualized dividend and a yield of 6.6%. Sabra Healthcare REIT’s payout ratio is currently 157.89%.

Sabra Healthcare REIT Profile

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA.