Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Bought by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 30.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 258,029 shares of the real estate investment trust's stock after buying an additional 60,631 shares during the period. BNP Paribas Financial Markets owned about 0.11% of Sabra Health Care REIT worth $3,682,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Tennessee Valley Asset Management Partners bought a new position in shares of Sabra Health Care REIT during the fourth quarter valued at $25,000. GAMMA Investing LLC acquired a new position in Sabra Health Care REIT during the 4th quarter worth about $33,000. Signaturefd LLC grew its position 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 buying an additional 813 shares during the last quarter. Principal Securities Inc. acquired a new stake in shares of Sabra Health Care REIT in the fourth quarter valued at about $46,000. Finally, Headlands Technologies LLC bought a new position in shares of Sabra Health Care REIT during the third quarter worth about $48,000. 99.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Sabra Health Care REIT in a research report on Tuesday, January 30th. They set a "buy" rating and a $21.00 target price for the company. 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. Finally, Scotiabank upped their price target on shares of Sabra Health Care REIT from $14.00 to $15.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 15th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $15.71.

Sabra Health Care REIT Stock Down 0.5 %

NASDAQ:SBRA traded down $0.07 on Wednesday, hitting $14.32. The stock had a trading volume of 1,225,253 shares, compared to its average volume of 2,008,425. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.89. Sabra Health Care REIT, Inc. has a 52 week low of $10.30 and a 52 week high of $14.92. The business's fifty day moving average is $14.24 and its 200 day moving average is $14.08. The company has a market cap of $3.32 billion, a PE ratio of 71.60, a P/E/G ratio of 5.21 and a beta of 1.17.

Sabra Health Care REIT Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 8.38%. The ex-dividend date is Friday, May 17th. Sabra Health Care REIT's payout ratio is currently 600.00%.

Sabra Health Care REIT 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.