Intech Investment Management LLC Raises Stake in Sabra Healthcare REIT, Inc. $SBRA

Key Points

• Intech Investment Management LLC increased its stake in Sabra Healthcare REIT by 8.4% during the 1st quarter, owning approximately 0.10% of the company, valued at $4.29 million.
• Sabra Healthcare REIT reported an EPS of $0.38 for the last quarter, beating estimates of $0.36, with revenues of $189.15 million, up 7.4% year-over-year.
• The firm announced a quarterly dividend of $0.30 per share, resulting in an annualized dividend yield of 6.3% and a dividend payout ratio of 157.89%.

Intech Investment Management LLC increased its position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 245,415 shares of the real estate investment trust's stock after buying an additional 18,915 shares during the quarter. Intech Investment Management LLC owned 0.10% of Sabra Healthcare REIT worth $4,287,000 as of its most recent filing with the Securities & Exchange Commission.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the stock. Wells Fargo & Company upped their price objective on shares of Sabra Healthcare REIT from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. 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 report on Monday, June 23rd. 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 report on Tuesday, September 2nd. BMO Capital Markets increased their price target on shares of Sabra Healthcare REIT from $19.00 to $22.00 and gave the company a "market perform" rating in a report on Monday, August 25th. Finally, JMP Securities increased their price target on shares of Sabra Healthcare REIT from $20.00 to $22.00 and gave the company a "market outperform" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.83.

Sabra Healthcare REIT Stock Performance

SBRA stock traded up $0.18 on Thursday, hitting $18.88. The company had a trading volume of 484,703 shares, compared to its average volume of 2,416,978. Sabra Healthcare REIT, Inc. has a 12-month low of $15.60 and a 12-month 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. The stock's 50-day simple moving average is $18.71 and its 200 day simple moving average is $18.02. The stock has a market cap of $4.53 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 1.50 and a beta of 0.88.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 return on equity of 6.69% and a net margin of 24.87%.The company's revenue for the quarter was up 7.4% on a year-over-year basis. During the same period last year, the business posted $0.36 EPS. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. As a group, equities research analysts expect that Sabra Healthcare REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Sabra Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were issued a $0.30 dividend. The ex-dividend date of this dividend was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.4%. Sabra Healthcare REIT's dividend payout ratio (DPR) is presently 157.89%.

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.