Van Lanschot Kempen Investment Management N.V. Purchases 121,158 Shares of Sabra Healthcare REIT, Inc. $SBRA

Key Points

• Van Lanschot Kempen Investment Management N.V. increased its holdings in Sabra Healthcare REIT by 46.6%, owning approximately 0.16% of the company worth $6.66 million as of the most recent reporting period.
• Several institutional investors, including UMB Bank n.a. and Fifth Third Bancorp, significantly boosted their stakes in Sabra Healthcare REIT during the first quarter of the year.
• Sabra Healthcare REIT recently declared a quarterly dividend of $0.30, representing a 6.3% dividend yield with a payout ratio of 157.89%.

Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) by 46.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 381,329 shares of the real estate investment trust's stock after acquiring an additional 121,158 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned about 0.16% of Sabra Healthcare REIT worth $6,662,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in SBRA. Raymond James Financial Inc. bought a new stake in Sabra Healthcare REIT during the 4th quarter valued at approximately $887,000. Rockefeller Capital Management L.P. boosted its stake in Sabra Healthcare REIT by 9.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 16,890 shares of the real estate investment trust's stock valued at $293,000 after purchasing an additional 1,521 shares during the period. Mariner LLC bought a new stake in shares of Sabra Healthcare REIT in the 4th quarter worth approximately $194,000. Canada Pension Plan Investment Board bought a new stake in shares of Sabra Healthcare REIT in the 4th quarter worth approximately $3,433,000. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Sabra Healthcare REIT by 4.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 256,864 shares of the real estate investment trust's stock worth $4,447,000 after acquiring an additional 10,469 shares during the period. Institutional investors own 99.40% of the company's stock.

Sabra Healthcare REIT Trading Down 0.6%

Shares of NASDAQ SBRA traded down $0.1130 during midday trading on Monday, hitting $19.4370. The stock had a trading volume of 506,670 shares, compared to its average volume of 2,451,875. The company's 50-day simple moving average is $18.45 and its 200 day simple moving average is $17.70. The firm has a market cap of $4.66 billion, a P/E ratio of 25.60, a price-to-earnings-growth ratio of 1.56 and a beta of 0.86. Sabra Healthcare REIT, Inc. has a fifty-two week low of $15.60 and a fifty-two week high of $20.03. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.80 and a quick ratio of 4.80.

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 EPS for the quarter, topping analysts' consensus estimates of $0.36 by $0.02. The business had revenue of $189.15 million during the quarter, compared to analysts' expectations of $185.64 million. Sabra Healthcare REIT had a return on equity of 6.69% and a net margin of 24.87%.The firm's quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.36 earnings per share. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. Research analysts anticipate that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current year.

Sabra Healthcare REIT Dividend Announcement

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

Wall Street Analyst Weigh In

SBRA has been the subject of a number of research reports. JMP Securities raised their price objective on Sabra Healthcare REIT from $20.00 to $22.00 and gave the stock a "market outperform" rating in a research report on Wednesday, August 6th. Scotiabank boosted their price target on Sabra Healthcare REIT from $19.00 to $20.00 and gave the company a "sector perform" rating in a research note on Monday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.00.

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.