Voya Investment Management LLC Has $7.38 Million Position in Sabra Healthcare REIT, Inc. $SBRA

Key Points

• Voya Investment Management LLC increased its holdings in Sabra Healthcare REIT by 13.4%, purchasing 49,884 additional shares, bringing their total ownership to 422,477 shares valued at approximately $7.38 million.
• Sabra Healthcare REIT has a consensus rating of "Moderate Buy," with analysts projecting an average price target of $20.83 for the stock amid several recent upgrades.
• The company reported earnings of $0.38 per share for the last quarter, exceeding analysts' expectations, and also announced a quarterly dividend of $0.30 per share, yielding 6.4% annualized.

Voya Investment Management LLC raised its stake in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) by 13.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 422,477 shares of the real estate investment trust's stock after acquiring an additional 49,884 shares during the quarter. Voya Investment Management LLC owned approximately 0.18% of Sabra Healthcare REIT worth $7,381,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Strs Ohio bought a new position in shares of Sabra Healthcare REIT in the first quarter worth about $777,000. Advisors Capital Management LLC lifted its holdings in shares of Sabra Healthcare REIT by 20.5% in the first quarter. Advisors Capital Management LLC now owns 2,232,609 shares of the real estate investment trust's stock worth $39,004,000 after acquiring an additional 380,505 shares during the last quarter. Intech Investment Management LLC lifted its holdings in shares of Sabra Healthcare REIT by 8.4% in the first quarter. Intech Investment Management LLC now owns 245,415 shares of the real estate investment trust's stock worth $4,287,000 after acquiring an additional 18,915 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of Sabra Healthcare REIT by 11.4% in the first quarter. Focus Partners Wealth now owns 23,146 shares of the real estate investment trust's stock worth $404,000 after acquiring an additional 2,375 shares during the last quarter. Finally, Anchor Investment Management LLC bought a new position in shares of Sabra Healthcare REIT in the first quarter worth about $58,000. Institutional investors own 99.40% of the company's stock.

Sabra Healthcare REIT Trading Up 0.9%

Shares of SBRA stock traded up $0.16 during trading hours on Thursday, hitting $18.86. 1,769,379 shares of the company were exchanged, compared to its average volume of 2,050,313. The firm has a market cap of $4.52 billion, a P/E ratio of 24.82, a P/E/G ratio of 1.49 and a beta of 0.88. 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 quick ratio of 4.80 and a current ratio of 4.80. The company has a 50 day simple moving average of $18.72 and a two-hundred day simple moving average of $18.03.

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 the consensus estimate of $0.36 by $0.02. The company had revenue of $189.15 million during the quarter, compared to the consensus estimate of $185.64 million. Sabra Healthcare REIT had a net margin of 24.87% and a return on equity of 6.69%. The company's quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.36 EPS. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. Equities analysts anticipate that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current year.

Sabra Healthcare REIT Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on SBRA shares. Scotiabank increased their target price on shares of Sabra Healthcare REIT from $19.00 to $20.00 and gave the stock a "sector perform" rating in a report on Monday, June 23rd. BMO Capital Markets raised their price objective 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. Truist Financial raised their price objective on shares of Sabra Healthcare REIT from $18.00 to $20.00 and gave the company a "hold" rating in a report on Tuesday, September 2nd. JMP Securities raised their price objective 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. Finally, Wells Fargo & Company raised their price objective on shares of Sabra Healthcare REIT from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Wednesday, August 27th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $20.83.

Sabra Healthcare REIT 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.