Northern Trust Corp Sells 49,377 Shares of Sabra Healthcare REIT, Inc. $SBRA

Key Points

• Northern Trust Corp reduced its stake in Sabra Healthcare REIT by 1.2%, owning 4,120,008 shares valued at approximately $71.98 million after selling 49,377 shares in the first quarter.
• Sabra Healthcare REIT reported earnings of $0.38 per share, exceeding analysts' expectations, and had quarterly revenue of $189.15 million, representing a 7.4% year-over-year increase.
• The company declared a quarterly dividend of $0.30 per share, with a dividend yield of 6.2%, and it is set to be paid on August 29th.

Northern Trust Corp decreased its position in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,120,008 shares of the real estate investment trust's stock after selling 49,377 shares during the quarter. Northern Trust Corp owned approximately 1.73% of Sabra Healthcare REIT worth $71,977,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of SBRA. UMB Bank n.a. lifted its position in Sabra Healthcare REIT by 379.6% in the first quarter. UMB Bank n.a. now owns 2,048 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 1,621 shares during the last quarter. Assetmark Inc. increased its stake in Sabra Healthcare REIT by 37.8% in the first quarter. Assetmark Inc. now owns 3,607 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 989 shares during the last quarter. Fifth Third Bancorp increased its stake in Sabra Healthcare REIT by 110.3% in the first 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 last quarter. GF Fund Management CO. LTD. purchased a new position in Sabra Healthcare REIT in the fourth quarter valued at approximately $74,000. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of 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 during the period. Institutional investors and hedge funds own 99.40% of the company's stock.

Sabra Healthcare REIT Stock Down 1.0%

Sabra Healthcare REIT stock traded down $0.20 during mid-day trading on Friday, hitting $19.11. The company's stock had a trading volume of 2,586,825 shares, compared to its average volume of 2,461,291. Sabra Healthcare REIT, Inc. has a 52-week low of $15.60 and a 52-week high of $20.03. The firm's 50 day moving average is $18.54 and its 200 day moving average is $17.76. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.80 and a quick ratio of 4.80. The company has a market cap of $4.58 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 1.56 and a beta of 0.86.

Sabra Healthcare REIT (NASDAQ:SBRA - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $185.64 million. During the same period last year, the business earned $0.36 EPS. The business's quarterly revenue was up 7.4% on a year-over-year basis. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. On average, analysts anticipate that Sabra Healthcare REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Healthcare REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 29th. Investors of record on Friday, August 15th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.3%. The ex-dividend date of this dividend is Friday, August 15th. Sabra Healthcare REIT's dividend payout ratio (DPR) is presently 157.89%.

Wall Street Analyst Weigh In

SBRA has been the subject of a number of recent analyst reports. JMP Securities raised their target price 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. BMO Capital Markets upped their target price on Sabra Healthcare REIT from $19.00 to $22.00 and gave the company a "market perform" rating in a research report on Monday. Wells Fargo & Company upped their price target on Sabra Healthcare REIT from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Wednesday. Finally, Scotiabank increased their price target on 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. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $20.43.

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.