EntryPoint Capital LLC Acquires Shares of 21,155 Sabra Healthcare REIT, Inc. $SBRA

Key Points

• EntryPoint Capital LLC has made a significant investment in Sabra Healthcare REIT by purchasing 21,155 shares valued at approximately $370,000.
• Sabra Healthcare REIT reported earnings per share of $0.38, beating estimates, and announced a quarterly dividend of $0.30, yielding 6.1%.
• Analysts have upgraded their price targets for Sabra Healthcare REIT, with a consensus rating of "Moderate Buy" and a target price around $20.00.

EntryPoint Capital LLC purchased a new position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 21,155 shares of the real estate investment trust's stock, valued at approximately $370,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State of Michigan Retirement System increased its stake in shares of Sabra Healthcare REIT by 1.1% during the first quarter. State of Michigan Retirement System now owns 56,649 shares of the real estate investment trust's stock worth $990,000 after buying an additional 600 shares during the period. Louisiana State Employees Retirement System raised its holdings in Sabra Healthcare REIT by 0.9% in the first quarter. Louisiana State Employees Retirement System now owns 66,300 shares of the real estate investment trust's stock valued at $1,158,000 after acquiring an additional 600 shares in the last quarter. Harbor Capital Advisors Inc. raised its holdings in Sabra Healthcare REIT by 17.2% in the first quarter. Harbor Capital Advisors Inc. now owns 4,377 shares of the real estate investment trust's stock valued at $76,000 after acquiring an additional 642 shares in the last quarter. Diversify Advisory Services LLC raised its holdings in Sabra Healthcare REIT by 5.7% in the first quarter. Diversify Advisory Services LLC now owns 12,878 shares of the real estate investment trust's stock valued at $226,000 after acquiring an additional 689 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in Sabra Healthcare REIT by 16.2% in the first quarter. IFP Advisors Inc now owns 5,060 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 706 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company's stock.

Analysts Set New Price Targets

SBRA has been the topic of several recent analyst reports. Wells Fargo & Company increased their price target on shares of Sabra Healthcare REIT from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Wednesday. BMO Capital Markets increased their price objective on Sabra Healthcare REIT from $19.00 to $22.00 and gave the company a "market perform" rating in a report on Monday. JMP Securities increased their price objective on Sabra Healthcare REIT from $20.00 to $22.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. Finally, Scotiabank lifted their target price on shares of Sabra Healthcare REIT from $19.00 to $20.00 and gave the company a "sector perform" rating in a report on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $20.43.

Sabra Healthcare REIT Stock Up 1.4%

Shares of SBRA stock traded up $0.27 during trading on Wednesday, hitting $19.46. 307,667 shares of the company were exchanged, compared to its average volume of 2,448,408. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.80 and a current ratio of 4.80. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 25.63, a P/E/G ratio of 1.53 and a beta of 0.86. Sabra Healthcare REIT, Inc. has a twelve month low of $15.60 and a twelve month high of $20.03. The business's 50-day simple moving average is $18.49 and its 200 day simple moving average is $17.73.

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

Sabra Healthcare REIT Dividend Announcement

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

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.