Sabra Healthcare REIT, Inc. $SBRA Shares Acquired by Canada Pension Plan Investment Board

Key Points

• The Canada Pension Plan Investment Board significantly increased its stake in Sabra Healthcare REIT by 97.8%, owning 392,100 shares valued at approximately $6.85 million as of the last quarter.
• Multiple analysts have raised their price targets for Sabra Healthcare REIT, with estimates ranging from $20.00 to $22.00, signaling positive market performance expectations.
• Sabra Healthcare REIT recently announced a quarterly dividend of $0.30 per share, yielding approximately 6.2% annually, despite a high dividend payout ratio of 157.89%.

Canada Pension Plan Investment Board raised its position in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) by 97.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 392,100 shares of the real estate investment trust's stock after acquiring an additional 193,900 shares during the period. Canada Pension Plan Investment Board owned approximately 0.16% of Sabra Healthcare REIT worth $6,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Nuveen LLC purchased a new stake in shares of Sabra Healthcare REIT in the first quarter worth approximately $61,791,000. Jefferies Financial Group Inc. boosted its holdings in shares of Sabra Healthcare REIT by 7,196.8% in the first quarter. Jefferies Financial Group Inc. now owns 1,466,000 shares of the real estate investment trust's stock valued at $25,611,000 after purchasing an additional 1,445,909 shares during the period. Northern Trust Corp boosted its holdings in shares of Sabra Healthcare REIT by 27.7% in the fourth quarter. Northern Trust Corp now owns 4,169,385 shares of the real estate investment trust's stock valued at $72,214,000 after purchasing an additional 905,466 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Sabra Healthcare REIT in the fourth quarter valued at approximately $14,241,000. Finally, Wellington Management Group LLP boosted its holdings in shares of Sabra Healthcare REIT by 33.7% in the fourth quarter. Wellington Management Group LLP now owns 3,205,042 shares of the real estate investment trust's stock valued at $55,511,000 after purchasing an additional 808,207 shares during the period. 99.40% of the stock is owned by hedge funds and other institutional investors.

Sabra Healthcare REIT Stock Up 1.2%

Shares of NASDAQ SBRA traded up $0.24 during trading hours on Monday, hitting $19.27. 303,045 shares of the stock were exchanged, compared to its average volume of 2,436,186. The company has a quick ratio of 4.80, a current ratio of 4.80 and a debt-to-equity ratio of 0.91. The company has a market cap of $4.62 billion, a PE ratio of 25.31, a PEG ratio of 1.52 and a beta of 0.88. The firm has a fifty day moving average price of $18.63 and a 200-day moving average price of $17.89. Sabra Healthcare REIT, Inc. has a 12 month low of $15.60 and a 12 month high of $20.03.

Sabra Healthcare REIT (NASDAQ:SBRA - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm had revenue of $189.15 million during the quarter, compared to analyst estimates of $185.64 million. Sabra Healthcare REIT had a net margin of 24.87% and a return on equity of 6.69%. Sabra Healthcare REIT's revenue was up 7.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.36 EPS. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. On average, sell-side analysts expect that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current year.

Sabra Healthcare REIT Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a yield of 6.2%. Sabra Healthcare REIT's dividend payout ratio is presently 157.89%.

Analysts Set New Price Targets

A number of analysts recently issued reports on SBRA shares. Wells Fargo & Company boosted their price target on 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 increased their price objective on shares of Sabra Healthcare REIT from $20.00 to $22.00 and gave the company a "market outperform" rating in a research note on Wednesday, August 6th. Truist Financial increased their price objective on shares of Sabra Healthcare REIT from $18.00 to $20.00 and gave the company a "hold" rating in a research note on Tuesday, September 2nd. BMO Capital Markets increased their price objective on shares of Sabra Healthcare REIT from $19.00 to $22.00 and gave the company a "market perform" rating in a research note on Monday, August 25th. Finally, Scotiabank increased their price objective on shares of Sabra Healthcare REIT from $19.00 to $20.00 and gave the company a "sector perform" rating in a research note on Monday, June 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Sabra Healthcare REIT presently has a consensus rating of "Moderate Buy" and an average target price of $20.71.

About Sabra Healthcare REIT

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.