Mackenzie Financial Corp Has $464,000 Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Mackenzie Financial Corp lifted its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 113.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,483 shares of the real estate investment trust’s stock after purchasing an additional 17,256 shares during the quarter. Mackenzie Financial Corp’s holdings in Sabra Health Care REIT were worth $464,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. CWM LLC raised its holdings in Sabra Health Care REIT by 363.5% during the third quarter. CWM LLC now owns 1,780 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 1,396 shares during the last quarter. SG Americas Securities LLC boosted its stake in Sabra Health Care REIT by 30.3% during the 3rd quarter. SG Americas Securities LLC now owns 30,920 shares of the real estate investment trust’s stock valued at $431,000 after purchasing an additional 7,184 shares during the last quarter. HGK Asset Management Inc. bought a new stake in Sabra Health Care REIT during the 3rd quarter worth approximately $299,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Sabra Health Care REIT by 7.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 85,427 shares of the real estate investment trust’s stock worth $1,191,000 after purchasing an additional 6,032 shares in the last quarter. Finally, Caerus Investment Advisors LLC purchased a new stake in shares of Sabra Health Care REIT in the third quarter worth approximately $214,000. 99.40% of the stock is currently owned by institutional investors.

Sabra Health Care REIT Stock Performance

NASDAQ:SBRA opened at $13.94 on Friday. The business’s fifty day moving average is $14.06 and its 200 day moving average is $14.04. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 278.80, a PEG ratio of 4.92 and a beta of 1.16. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.41 and a current ratio of 3.41. Sabra Health Care REIT, Inc. has a 52-week low of $10.30 and a 52-week high of $14.91.

Sabra Health Care REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 29th. Stockholders of record on Tuesday, February 13th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.61%. The ex-dividend date of this dividend was Monday, February 12th. Sabra Health Care REIT’s dividend payout ratio is presently 2,400.00%.

Wall Street Analysts Forecast Growth

Several research firms have commented on SBRA. Mizuho increased 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. Wedbush reiterated an “outperform” rating and set a $17.00 target price on shares of Sabra Health Care REIT in a research note on Thursday, February 29th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Sabra Health Care REIT in a report on Tuesday, January 30th. They issued a “buy” rating and a $21.00 price target on the stock. 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.77.

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.