LDR Capital Management LLC Sells 72,931 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

LDR Capital Management LLC lowered its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 14.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 434,681 shares of the real estate investment trust's stock after selling 72,931 shares during the quarter. Sabra Health Care REIT comprises 3.5% of LDR Capital Management LLC's portfolio, making the stock its 5th largest position. LDR Capital Management LLC owned approximately 0.19% of Sabra Health Care REIT worth $6,203,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Sabra Health Care REIT by 2.4% in the 1st quarter. Vanguard Group Inc. now owns 36,317,289 shares of the real estate investment trust's stock valued at $540,765,000 after acquiring an additional 859,548 shares during the period. BlackRock Inc. boosted its stake in shares of Sabra Health Care REIT by 1.5% during the 2nd quarter. BlackRock Inc. now owns 33,148,725 shares of the real estate investment trust's stock worth $390,160,000 after acquiring an additional 486,114 shares in the last quarter. Principal Financial Group Inc. boosted its stake in shares of Sabra Health Care REIT by 1.5% during the 3rd quarter. Principal Financial Group Inc. now owns 21,003,193 shares of the real estate investment trust's stock worth $292,783,000 after acquiring an additional 313,517 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Sabra Health Care REIT by 709.0% in the third quarter. JPMorgan Chase & Co. now owns 13,504,420 shares of the real estate investment trust's stock worth $188,252,000 after buying an additional 11,835,109 shares during the period. Finally, State Street Corp boosted its position in shares of Sabra Health Care REIT by 0.7% in the third quarter. State Street Corp now owns 12,205,889 shares of the real estate investment trust's stock worth $160,141,000 after buying an additional 81,240 shares during the period. Institutional investors and hedge funds own 99.40% of the company's stock.

Sabra Health Care REIT Price Performance

Shares of NASDAQ:SBRA traded up $0.23 during trading on Friday, reaching $14.48. The stock had a trading volume of 1,627,057 shares, compared to its average volume of 2,070,392. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.41 and a quick ratio of 3.41. The business's 50-day moving average price is $13.96 and its 200 day moving average price is $14.04. Sabra Health Care REIT, Inc. has a 52 week low of $10.30 and a 52 week high of $14.91. The stock has a market capitalization of $3.35 billion, a PE ratio of 289.60, a P/E/G ratio of 5.24 and a beta of 1.16.

Sabra Health Care REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 13th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.29%. The ex-dividend date of this dividend was Monday, February 12th. Sabra Health Care REIT's dividend payout ratio (DPR) is presently 2,400.00%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SBRA shares. Deutsche Bank Aktiengesellschaft started coverage on Sabra Health Care REIT in a report on Tuesday, January 30th. They set a "buy" rating and a $21.00 price objective for the company. Wedbush reaffirmed an "outperform" rating and issued a $17.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, February 29th. Finally, Mizuho lifted their target price on Sabra Health Care REIT from $15.00 to $17.00 and gave the stock a "buy" rating in a research report on Wednesday, January 3rd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $15.35.

About Sabra Health Care REIT

As of September 30, 2023, Sabra's investment portfolio included 377 real estate properties held for investment (consisting of (i) 240 Skilled Nursing/Transitional Care facilities, (ii) 43 senior housing communities (Senior Housing - Leased), (iii) 61 senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing - Managed), (iv) 18 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), 12 investments in loans receivable (consisting of two mortgage loans and 10 other loans), five preferred equity investments and two investments in unconsolidated joint ventures.

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