Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. cut its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 70,297 shares of the real estate investment trust’s stock after selling 3,526 shares during the period. Daiwa Securities Group Inc.’s holdings in Sabra Health Care REIT were worth $1,003,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Tennessee Valley Asset Management Partners purchased a new stake in shares of Sabra Health Care REIT in the 4th quarter valued at approximately $25,000. CWM LLC lifted its position in shares of Sabra Health Care REIT by 363.5% in the 3rd quarter. CWM LLC now owns 1,780 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,396 shares in the last quarter. Signaturefd LLC lifted its position in shares of Sabra Health Care REIT by 45.2% in the 3rd quarter. Signaturefd LLC now owns 2,610 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 813 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Sabra Health Care REIT in the 3rd quarter valued at approximately $48,000. Finally, International Assets Investment Management LLC lifted its position in shares of Sabra Health Care REIT by 748.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,681 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 4,129 shares in the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Analyst Ratings Changes

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

Sabra Health Care REIT Stock Performance

Shares of SBRA opened at $13.70 on Thursday. The company’s fifty day moving average is $14.06 and its 200-day moving average is $14.04. Sabra Health Care REIT, Inc. has a 12 month low of $10.30 and a 12 month high of $14.91. The firm has a market cap of $3.17 billion, a price-to-earnings ratio of 274.00, a price-to-earnings-growth ratio of 4.95 and a beta of 1.16. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.86.

Sabra Health Care REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 13th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 12th. This represents a $1.20 annualized dividend and a dividend yield of 8.76%. Sabra Health Care REIT’s dividend payout ratio (DPR) 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.