96,627 Shares in Sabra Healthcare REIT, Inc. $SBRA Acquired by Walleye Capital LLC

Key Points

• Walleye Capital LLC has made a new investment of approximately $1.69 million in Sabra Healthcare REIT, purchasing 96,627 shares in the first quarter.
• Sabra Healthcare REIT reported an earnings per share of $0.38 for the last quarter, exceeding analyst expectations and reflecting a 7.4% year-over-year revenue increase.
• The company recently announced a quarterly dividend of $0.30 per share, resulting in an annualized yield of 6.3%, despite a payout ratio of 157.89%.

Walleye Capital LLC bought a new position in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 96,627 shares of the real estate investment trust's stock, valued at approximately $1,688,000.

Other large investors have also recently added to or reduced their stakes in the company. State of Michigan Retirement System lifted its holdings in shares of Sabra Healthcare REIT by 1.1% during the first quarter. State of Michigan Retirement System now owns 56,649 shares of the real estate investment trust's stock worth $990,000 after buying an additional 600 shares during the last quarter. Louisiana State Employees Retirement System lifted its holdings in shares of Sabra Healthcare REIT by 0.9% during 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 buying an additional 600 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Sabra Healthcare REIT by 17.2% during the first quarter. Harbor Capital Advisors Inc. now owns 4,377 shares of the real estate investment trust's stock worth $76,000 after buying an additional 642 shares during the last quarter. Diversify Advisory Services LLC lifted its holdings in shares of Sabra Healthcare REIT by 5.7% during the first 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 last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Sabra Healthcare REIT by 16.2% during the first 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 last quarter. Institutional investors own 99.40% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SBRA. JMP Securities upped their price target on Sabra Healthcare REIT from $20.00 to $22.00 and gave the stock a "market outperform" rating in a report on Wednesday, August 6th. Wells Fargo & Company upped their price target on Sabra Healthcare REIT from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. 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 note on Monday, August 25th. Finally, Scotiabank upped their target price 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 investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $20.43.

Sabra Healthcare REIT Price Performance

Shares of SBRA stock traded up $0.15 during trading hours on Tuesday, hitting $19.26. 2,260,462 shares of the company's stock were exchanged, compared to its average volume of 2,460,082. The stock's 50-day moving average is $18.57 and its 200-day moving average is $17.82. The stock has a market cap of $4.62 billion, a price-to-earnings ratio of 25.34, a price-to-earnings-growth ratio of 1.52 and a beta of 0.88. Sabra Healthcare REIT, Inc. has a 52 week low of $15.60 and a 52 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 firm had revenue of $189.15 million during the quarter, compared to analyst estimates 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 was up 7.4% on a year-over-year basis. During the same period last year, the company earned $0.36 earnings per share. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. As a group, research analysts forecast that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current year.

Sabra Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.30 dividend. The ex-dividend date was Friday, August 15th. This represents a $1.20 annualized dividend and a yield of 6.2%. Sabra Healthcare REIT's payout ratio is presently 157.89%.

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.