Fox Run Management L.L.C. Acquires New Shares in Sabra Healthcare REIT, Inc. $SBRA

Key Points

• Fox Run Management L.L.C. acquired 59,690 shares of Sabra Healthcare REIT, valued at approximately $1,043,000, marking a new position for the institutional investor in the first quarter.
• Analysts upgraded Sabra Healthcare REIT’s target price, with JMP Securities raising it from $20.00 to $22.00, and a consensus rating of “Moderate Buy” is currently held by investment analysts.
• The company announced a $0.30 quarterly dividend to be paid on August 29th, representing a 6.5% yield, despite a high dividend payout ratio of 157.89%.

Fox Run Management L.L.C. purchased a new position in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 59,690 shares of the real estate investment trust's stock, valued at approximately $1,043,000.

Several other institutional investors have also modified their holdings of the business. Northern Trust Corp increased its stake in Sabra Healthcare REIT by 27.7% during the 4th quarter. Northern Trust Corp now owns 4,169,385 shares of the real estate investment trust's stock worth $72,214,000 after purchasing an additional 905,466 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Sabra Healthcare REIT by 1.8% in the first quarter. Bank of New York Mellon Corp now owns 4,114,215 shares of the real estate investment trust's stock valued at $71,875,000 after buying an additional 74,564 shares in the last quarter. Nuveen LLC acquired a new position in shares of Sabra Healthcare REIT in the first quarter valued at approximately $61,791,000. Janus Henderson Group PLC increased its position in shares of Sabra Healthcare REIT by 23.1% during the fourth quarter. Janus Henderson Group PLC now owns 3,504,809 shares of the real estate investment trust's stock worth $60,720,000 after acquiring an additional 657,950 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in shares of Sabra Healthcare REIT by 30.8% during the fourth quarter. Nuveen Asset Management LLC now owns 3,378,733 shares of the real estate investment trust's stock worth $58,520,000 after acquiring an additional 795,902 shares in the last quarter. Institutional investors own 99.40% of the company's stock.

Sabra Healthcare REIT Stock Performance

Shares of SBRA traded up $0.55 during midday trading on Wednesday, reaching $19.46. The stock had a trading volume of 2,858,793 shares, compared to its average volume of 2,649,057. The firm has a market cap of $4.67 billion, a PE ratio of 25.61, a P/E/G ratio of 1.57 and a beta of 0.86. The firm has a 50 day simple moving average of $18.39 and a 200-day simple moving average of $17.65. Sabra Healthcare REIT, Inc. has a one year low of $15.60 and a one year high of $20.03. The company has a current ratio of 4.80, a quick ratio of 4.80 and a debt-to-equity ratio of 0.91.

Sabra Healthcare REIT (NASDAQ:SBRA - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.02. The firm had revenue of $189.15 million for the quarter, compared to analysts' expectations 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 revenue was up 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.36 EPS. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. As a group, sell-side analysts anticipate that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current year.

Sabra Healthcare REIT Announces Dividend

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 issued a $0.30 dividend. The ex-dividend date of this dividend is Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.2%. Sabra Healthcare REIT's dividend payout ratio is 157.89%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Scotiabank lifted their target price on Sabra Healthcare REIT from $19.00 to $20.00 and gave the company a "sector perform" rating in a research report on Monday, June 23rd. JMP Securities raised their price target on shares of Sabra Healthcare REIT from $20.00 to $22.00 and gave the stock a "market outperform" rating in a research note on Wednesday, August 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $20.00.

Sabra Healthcare REIT Company 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.