Victory Capital Management Inc. Sells 342,273 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Victory Capital Management Inc. lessened its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 16.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,735,053 shares of the real estate investment trust's stock after selling 342,273 shares during the quarter. Victory Capital Management Inc. owned approximately 0.75% of Sabra Health Care REIT worth $24,759,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Tennessee Valley Asset Management Partners bought a new position in shares of Sabra Health Care REIT in the 4th quarter valued at $25,000. GAMMA Investing LLC acquired a new stake in Sabra Health Care REIT during the 4th quarter valued at approximately $33,000. Signaturefd LLC increased its stake in shares of Sabra Health Care REIT by 45.2% in the 3rd quarter. Signaturefd LLC now owns 2,610 shares of the real estate investment trust's stock valued at $36,000 after acquiring an additional 813 shares in the last quarter. Headlands Technologies LLC acquired a new stake in Sabra Health Care REIT in the third quarter worth $48,000. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of Sabra Health Care REIT by 476.2% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 4,425 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 3,657 shares during the period. Institutional investors own 99.40% of the company's stock.

Sabra Health Care REIT Stock Performance

Shares of NASDAQ SBRA traded down $0.38 during mid-day trading on Thursday, hitting $14.49. The company had a trading volume of 3,569,012 shares, compared to its average volume of 2,039,470. The stock's 50-day moving average price is $14.13 and its 200-day moving average price is $14.04. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 297.40, a P/E/G ratio of 5.15 and a beta of 1.17. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.86. Sabra Health Care REIT, Inc. has a 1 year low of $10.30 and a 1 year high of $14.92.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on SBRA shares. Wedbush reaffirmed an "outperform" rating and issued a $17.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft started coverage on shares of Sabra Health Care REIT in a research note on Tuesday, January 30th. They issued a "buy" rating and a $21.00 price objective on the stock. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently 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.