Cambridge Funding Analysis Advisors Inc. Lowers Holdings in Sabra Well being Care REIT, Inc. (NASDAQ:SBRA)

Sabra Health Care REIT logoCambridge Funding Analysis Advisors Inc. decreased its holdings in Sabra Well being Care REIT, Inc. (NASDAQ:SBRA – Get Score) by 11.3% within the 2nd quarter, in keeping with its most up-to-date 13F submitting with the Securities and Alternate Fee (SEC). The agency owned 27,947 shares of the true property funding belief’s inventory after promoting 3,569 shares throughout the quarter. Cambridge Funding Analysis Advisors Inc.’s holdings in Sabra Well being Care REIT have been price $390,000 on the finish of the latest quarter.

A number of different hedge funds and different institutional buyers additionally just lately added to or diminished their stakes within the enterprise. Vanguard Group Inc. grew its holdings in Sabra Well being Care REIT by 2.4% within the 1st quarter. Vanguard Group Inc. now owns 36,317,289 shares of the true property funding belief’s inventory valued at $540,765,000 after shopping for a further 859.548 shares throughout the interval. Principal Monetary Group Inc. grew its holdings in Sabra Well being Care REIT by 1.5% within the 1st quarter. Principal Monetary Group Inc. now owns 17,124,112 shares of the true property funding belief’s inventory valued at $254,977,000 after shopping for a further 256,869 shares throughout the interval. State Avenue Corp grew its holdings in Sabra Well being Care REIT by 18.1% within the 1st quarter. State Avenue Corp now owns 12,035,766 shares of the true property funding belief’s inventory valued at $179,213,000 after shopping for a further 1,840,939 shares throughout the interval. Goldman Sachs Group Inc. grew its holdings in Sabra Well being Care REIT by 7.5% within the 1st quarter. Goldman Sachs Group Inc. now owns 5,486,951 shares of the true property funding belief’s inventory valued at $81,701,000 after shopping for a further 384,092 shares throughout the interval. Lastly, Charles Schwab Funding Administration Inc. grew its holdings in Sabra Well being Care REIT by 5.6% within the 1st quarter. Charles Schwab Funding Administration Inc. now owns 3,621,195 shares of the true property funding belief’s inventory valued at $53,920,000 after shopping for a further 193,550 shares throughout the interval. Hedge funds and different institutional buyers personal 87.67% of the corporate’s inventory.

Wall Avenue Analysts Forecast Development

Quite a few brokerages have just lately issued experiences on SBRA. Robert W. Baird reduce Sabra Well being Care REIT from an “outperform” score to a “impartial” score and set a $13.00 goal worth for the corporate. in a report on Monday. Citigroup boosted their goal worth on Sabra Well being Care REIT to $15.50 in a report on Monday, August twenty second. Barclays boosted their goal worth on Sabra Well being Care REIT to $15.00 in a report on Tuesday, August ninth. Lastly, Jefferies Monetary Group reduce Sabra Well being Care REIT from a “purchase” score to a “maintain” score and decreased their goal worth for the inventory from $15.00 to $14.00 in a report on Thursday, June thirtieth. Eight analysts have rated the inventory with a maintain score and three have assigned a purchase score to the corporate. In keeping with MarketBeat.com, Sabra Well being Care REIT has a median score of “Maintain” and a median goal worth of $15.20.

Sabra Well being Care REIT Inventory Efficiency

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Shares of SBRA opened at $12.26 on Tuesday. The enterprise’s 50 day shifting common is $14.62 and its two-hundred day shifting common is $14.06. Sabra Well being Care REIT, Inc. has a 52-week low of $11.44 and a 52-week excessive of $16.60. The agency has a market cap of $2.83 billion, a price-to-earnings ratio of 64.53 and a beta of 1.31. The corporate has a fast ratio of three.97, a present ratio of three.97 and a debt-to-equity ratio of 0.75.

Sabra Well being Care REIT Publicizes Dividend

The agency additionally just lately introduced a quarterly dividend, which was paid on Wednesday, August thirty first. Shareholders of report on Wednesday, August seventeenth got a $0.30 dividend. This represents a $1.20 dividend on an annualized foundation and a dividend yield of 9.79%. The ex-dividend date of this dividend was Tuesday, August sixteenth. Sabra Well being Care REIT’s payout ratio is 631.61%.

About Sabra Well being Care REIT

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As of March 31, 2022, Sabra’s funding portfolio included 416 actual property properties held for funding. This consists of (i) 279 Expert Nursing/Transitional Care services, (ii) 59 Senior Housing communities (Senior Housing – Leased), (iii) 50 Senior Housing communities operated by third-party property managers pursuant to property administration agreements (Senior Housing – Managed), (iv) 13 Behavioral Well being services and (v) 15 Specialty Hospitals and Different services), one asset held on the market, one funding in a sales-type lease, 16 investments in loans receivable (consisting of (i) two mortgage loans, (ii) one development mortgage and (iii) 13 different loans), seven most well-liked fairness investments and one funding in an unconsolidated three way partnership.

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

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