GraniteShares Advisors LLC Invests $1.46 Million in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

GraniteShares Advisors LLC purchased a new position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 101,979 shares of the real estate investment trust's stock, valued at approximately $1,455,000.

A number of other institutional investors have also recently made changes to their positions in the company. CWM LLC boosted its stake in Sabra Health Care REIT by 363.5% during the third quarter. CWM LLC now owns 1,780 shares of the real estate investment trust's stock worth $25,000 after buying an additional 1,396 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Sabra Health Care REIT in the 4th quarter valued at $25,000. Chilton Capital Management LLC purchased a new stake in shares of Sabra Health Care REIT in the 1st quarter valued at $26,000. RVW Wealth LLC purchased a new stake in shares of Sabra Health Care REIT in the 3rd quarter valued at $30,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Sabra Health Care REIT in the 2nd quarter valued at $31,000. 99.40% of the stock is owned by institutional investors and hedge funds.

Sabra Health Care REIT Price Performance

NASDAQ SBRA traded down $0.09 during mid-day trading on Tuesday, hitting $13.60. The stock had a trading volume of 1,393,421 shares, compared to its average volume of 2,027,443. Sabra Health Care REIT, Inc. has a 52-week low of $10.30 and a 52-week high of $14.91. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 273.80, a P/E/G ratio of 4.94 and a beta of 1.16. The company has a 50 day simple moving average of $14.04 and a 200 day simple moving average of $14.05. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.86.

Sabra Health Care REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 29th. Shareholders of record on Tuesday, February 13th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 8.82%. 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 research firms recently commented on SBRA. Wedbush reissued an "outperform" rating and set a $17.00 target price on shares of Sabra Health Care REIT in a research note on Thursday, February 29th. Deutsche Bank Aktiengesellschaft began coverage on Sabra Health Care REIT in a research report on Tuesday, January 30th. They set a "buy" rating and a $21.00 price objective for the company. Finally, Mizuho upped their price objective 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. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $15.54.

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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