Sabra Healthcare REIT, Inc. $SBRA Stock Sold by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC cut its Sabra Healthcare REIT stake by 93.6% in the second quarter, selling 157,633 shares and retaining 10,868 shares worth approximately $212,000. Institutional investors collectively own 99.4% of SBRA.
• Sabra reported quarterly EPS of negative $0.10, missing the $0.17 consensus estimate, although revenue rose 24.7% year over year to $230.11 million. The REIT maintained a quarterly dividend of $0.30 per share, implying a 6.1% annualized yield.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and an average price target of $22.23 versus the stock’s reported $19.77 price.

Squarepoint Ops LLC cut its position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) by 93.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,868 shares of the real estate investment trust's stock after selling 157,633 shares during the quarter. Squarepoint Ops LLC's holdings in Sabra Healthcare REIT were worth $212,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Lasalle Investment Management Securities LLC purchased a new position in shares of Sabra Healthcare REIT in the 4th quarter worth about $66,938,000. Norges Bank purchased a new stake in Sabra Healthcare REIT during the 4th quarter valued at about $57,945,000. Centersquare Investment Management LLC bought a new position in Sabra Healthcare REIT during the 4th quarter worth approximately $50,276,000. Rush Island Management LP bought a new position in Sabra Healthcare REIT during the 1st quarter worth approximately $30,735,000. Finally, BROOKFIELD Corp ON purchased a new position in Sabra Healthcare REIT in the 1st quarter worth approximately $9,710,000. 99.40% of the stock is owned by institutional investors.

Insider Activity at Sabra Healthcare REIT

In other news, CEO Richard Matros sold 200,000 shares of Sabra Healthcare REIT stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $20.83, for a total value of $4,166,000.00. Following the completion of the sale, the chief executive officer directly owned 1,657,686 shares in the company, valued at $34,529,599.38. The trade was a 10.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.09% of the stock is owned by corporate insiders.

Sabra Healthcare REIT Trading Up 0.4%

NASDAQ SBRA opened at $19.77 on Friday. Sabra Healthcare REIT, Inc. has a 12 month low of $17.17 and a 12 month high of $22.77. The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 0.95. The stock's fifty day moving average price is $20.73 and its 200-day moving average price is $20.18. The stock has a market cap of $5.05 billion, a P/E ratio of 76.04, a P/E/G ratio of 1.50 and a beta of 0.65.

Sabra Healthcare REIT (NASDAQ:SBRA - Get Free Report) last announced its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.27). The firm had revenue of $230.11 million during the quarter, compared to the consensus estimate of $219.39 million. Sabra Healthcare REIT had a return on equity of 2.34% and a net margin of 7.61%.The business's revenue for the quarter was up 24.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.38 EPS. As a group, equities analysts forecast that Sabra Healthcare REIT, Inc. will post 1.52 EPS for the current fiscal year.

Sabra Healthcare REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend was Friday, August 14th. Sabra Healthcare REIT's dividend payout ratio (DPR) is presently 461.54%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Wall Street Zen raised Sabra Healthcare REIT from a "sell" rating to a "hold" rating in a research note on Sunday, June 28th. Citizens Jmp lifted their target price on shares of Sabra Healthcare REIT from $23.00 to $25.00 and gave the stock a "market outperform" rating in a research note on Wednesday, July 22nd. Scotiabank lowered their price target on shares of Sabra Healthcare REIT from $22.00 to $19.00 and set a "sector perform" rating for the company in a report on Thursday, June 18th. Raymond James Financial raised shares of Sabra Healthcare REIT from an "underperform" rating to a "market perform" rating in a research report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Sabra Healthcare REIT in a report on Wednesday, July 22nd. Seven investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $22.23.

Sabra Healthcare REIT Profile

Sabra Healthcare REIT, Inc is a real estate investment trust that owns and invests in healthcare-related properties. The company primarily focuses on skilled nursing and transitional care facilities, senior housing communities, behavioral health facilities, and specialty hospitals.

Sabra generally leases its properties to healthcare operators under long-term agreements, including triple-net leases, and may provide mortgage loans or other forms of financing to healthcare providers. Its portfolio serves healthcare markets across the United States and Canada.

Founded in 2010 and headquartered in Irvine, California, Sabra became a publicly traded company in 2010.

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