Connor Clark & Lunn Investment Management Ltd. Takes Position in Sabra Healthcare REIT, Inc. $SBRA

Key Points

• Connor Clark & Lunn Investment Management Ltd. has acquired 36,210 shares of Sabra Healthcare REIT, Inc., valued at approximately $633,000, indicating increased interest in the REIT sector.
• Sabra Healthcare REIT reported $0.38 earnings per share for the last quarter, surpassing analysts' expectations of $0.36, with a year-over-year revenue increase of 7.4%.
• The company declared a quarterly dividend of $0.30 per share, representing a 6.4% dividend yield, with a high dividend payout ratio of 157.89%.

Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 36,210 shares of the real estate investment trust's stock, valued at approximately $633,000.

Several other institutional investors have also recently bought and sold shares of SBRA. UMB Bank n.a. raised its position in shares of Sabra Healthcare REIT by 379.6% during the first quarter. UMB Bank n.a. now owns 2,048 shares of the real estate investment trust's stock worth $36,000 after acquiring an additional 1,621 shares during the last quarter. Assetmark Inc. raised its holdings in Sabra Healthcare REIT by 37.8% during the 1st quarter. Assetmark Inc. now owns 3,607 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 989 shares during the last quarter. Fifth Third Bancorp lifted its position in Sabra Healthcare REIT by 110.3% during the 1st quarter. Fifth Third Bancorp now owns 3,835 shares of the real estate investment trust's stock valued at $67,000 after purchasing an additional 2,011 shares during the period. GF Fund Management CO. LTD. acquired a new position in Sabra Healthcare REIT during the 4th quarter valued at about $74,000. Finally, Harbor Capital Advisors Inc. boosted its stake in shares of Sabra Healthcare REIT by 17.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,377 shares of the real estate investment trust's stock valued at $76,000 after purchasing an additional 642 shares during the last quarter. Institutional investors own 99.40% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SBRA. Scotiabank boosted their price target on shares of Sabra Healthcare REIT from $19.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Monday, June 23rd. JMP Securities lifted their target price on shares of Sabra Healthcare REIT from $20.00 to $22.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $20.00.

Sabra Healthcare REIT Stock Up 0.8%

Shares of SBRA traded up $0.16 on Thursday, hitting $19.62. The company's stock had a trading volume of 1,952,554 shares, compared to its average volume of 2,457,386. The firm's fifty day moving average price is $18.39 and its 200-day moving average price is $17.65. Sabra Healthcare REIT, Inc. has a fifty-two week low of $15.60 and a fifty-two week high of $20.03. 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 firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 1.57 and a beta of 0.86.

Sabra Healthcare REIT (NASDAQ:SBRA - Get Free Report) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $185.64 million. Sabra Healthcare REIT had a net margin of 24.87% and a return on equity of 6.69%. The business's quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the company posted $0.36 EPS. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. On average, equities research analysts expect that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current year.

Sabra Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 29th. Shareholders of record on Friday, August 15th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Friday, August 15th. Sabra Healthcare REIT's dividend payout ratio is 157.89%.

Sabra Healthcare REIT Profile

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.