Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Stock Holdings Increased by LSV Asset Management

LSV Asset Management boosted its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,385,615 shares of the real estate investment trust's stock after acquiring an additional 107,266 shares during the period. LSV Asset Management owned 1.90% of Sabra Health Care REIT worth $62,583,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its holdings in 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 valued at $292,783,000 after buying an additional 313,517 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Sabra Health Care REIT by 709.0% during the third quarter. JPMorgan Chase & Co. now owns 13,504,420 shares of the real estate investment trust's stock valued at $188,252,000 after acquiring an additional 11,835,109 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Sabra Health Care REIT by 2.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,096,283 shares of the real estate investment trust's stock worth $57,102,000 after purchasing an additional 116,444 shares in the last quarter. Northern Trust Corp raised its stake in Sabra Health Care REIT by 8.6% in the 3rd quarter. Northern Trust Corp now owns 3,348,859 shares of the real estate investment trust's stock valued at $46,683,000 after purchasing an additional 264,569 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in Sabra Health Care REIT by 41.8% in the 3rd quarter. American Century Companies Inc. now owns 2,109,005 shares of the real estate investment trust's stock valued at $29,400,000 after purchasing an additional 622,133 shares in the last quarter. 99.40% of the stock is owned by institutional investors and hedge funds.

Sabra Health Care REIT Trading Up 0.9 %

Shares of NASDAQ SBRA traded up $0.13 during trading on Friday, hitting $14.35. 1,597,824 shares of the company traded hands, compared to its average volume of 1,787,554. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $3.32 billion, a P/E ratio of 287.00, a P/E/G ratio of 5.15 and a beta of 1.17. The company has a 50-day moving average price of $14.09 and a 200-day moving average price of $14.03. Sabra Health Care REIT, Inc. has a 1 year low of $10.30 and a 1 year high of $14.91.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SBRA. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Sabra Health Care REIT in a report on Tuesday, January 30th. They set a "buy" rating and a $21.00 price target for the company. Wedbush reaffirmed an "outperform" rating and issued a $17.00 target price on shares of Sabra Health Care REIT in a research note on Thursday, February 29th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $15.77.

Sabra Health Care REIT Company Profile

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.