Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Acquired by Pictet Asset Management SA

Pictet Asset Management SA lifted its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRAGet Rating) by 5.4% during the second quarter, Holdings Channel reports. The firm owned 91,350 shares of the real estate investment trust’s stock after buying an additional 4,666 shares during the period. Pictet Asset Management SA’s holdings in Sabra Health Care REIT were worth $1,276,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new stake in shares of Sabra Health Care REIT during the 1st quarter worth approximately $30,000. JFS Wealth Advisors LLC acquired a new stake in Sabra Health Care REIT in the 2nd quarter valued at approximately $32,000. Lazard Asset Management LLC acquired a new stake in Sabra Health Care REIT in the 2nd quarter valued at approximately $38,000. Lindbrook Capital LLC increased its position in Sabra Health Care REIT by 60.8% in the 2nd quarter. Lindbrook Capital LLC now owns 2,929 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 1,107 shares during the period. Finally, Worth Asset Management LLC acquired a new stake in Sabra Health Care REIT in the 1st quarter valued at approximately $44,000. 87.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on SBRA. StockNews.com initiated coverage on Sabra Health Care REIT in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Citigroup lifted their price target on Sabra Health Care REIT to $15.50 in a research report on Monday, August 22nd. Barclays lifted their price target on Sabra Health Care REIT to $15.00 in a research report on Tuesday, August 9th. Robert W. Baird cut Sabra Health Care REIT from an “outperform” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research report on Monday, October 10th. Finally, Bank of America cut Sabra Health Care REIT from a “neutral” rating to an “underperform” rating and lowered their price target for the company from $15.00 to $13.00 in a research report on Monday, November 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $15.00.

Sabra Health Care REIT Price Performance

SBRA opened at $12.56 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The business has a fifty day simple moving average of $13.00 and a 200-day simple moving average of $13.97. Sabra Health Care REIT, Inc. has a fifty-two week low of $11.44 and a fifty-two week high of $16.60.

Sabra Health Care REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 9.55%. The ex-dividend date is Wednesday, November 16th. Sabra Health Care REIT’s dividend payout ratio is presently -1,500.00%.

About Sabra Health Care REIT

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As of March 31, 2022, Sabra's investment portfolio included 416 real estate properties held for investment. This consists of (i) 279 Skilled Nursing/Transitional Care facilities, (ii) 59 Senior Housing communities (Senior Housing – Leased), (iii) 50 Senior Housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 13 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a sales-type lease, 16 investments in loans receivable (consisting of (i) two mortgage loans, (ii) one construction loan and (iii) 13 other loans), seven preferred equity investments and one investment in an unconsolidated joint venture.

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Institutional Ownership by Quarter for Sabra Health Care REIT (NASDAQ:SBRA)

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