Harvest Fund Management Co. Ltd Has $63,000 Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Harvest Fund Management Co. Ltd grew its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 476.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,425 shares of the real estate investment trust’s stock after buying an additional 3,657 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Sabra Health Care REIT were worth $63,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in SBRA. Signaturefd LLC grew its stake in shares of Sabra Health Care REIT by 45.2% during the third quarter. Signaturefd LLC now owns 2,610 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 813 shares during the period. Arizona State Retirement System grew its stake in shares of Sabra Health Care REIT by 1.4% during the third quarter. Arizona State Retirement System now owns 65,828 shares of the real estate investment trust’s stock worth $918,000 after purchasing an additional 900 shares during the period. Van ECK Associates Corp grew its stake in shares of Sabra Health Care REIT by 4.3% during the third quarter. Van ECK Associates Corp now owns 27,111 shares of the real estate investment trust’s stock worth $378,000 after purchasing an additional 1,124 shares during the period. CWM LLC grew its stake in Sabra Health Care REIT by 363.5% in the third quarter. CWM LLC now owns 1,780 shares of the real estate investment trust’s stock valued at $25,000 after acquiring an additional 1,396 shares during the period. Finally, Tennessee Valley Asset Management Partners acquired a new position in Sabra Health Care REIT in the fourth quarter valued at about $25,000. 99.40% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Sabra Health Care REIT in a research note on Tuesday, January 30th. They issued a “buy” rating and a $21.00 target price for the company. Mizuho boosted their price target on Sabra Health Care REIT from $15.00 to $17.00 and gave the company a “buy” rating in a report on Wednesday, January 3rd. Finally, Wedbush reiterated an “outperform” rating and set a $17.00 target price on shares of Sabra Health Care REIT in a report on Thursday, February 29th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Sabra Health Care REIT presently has a consensus rating of “Moderate Buy” and an average price target of $15.77.

Sabra Health Care REIT Trading Down 0.4 %

Shares of SBRA opened at $13.65 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 3.41 and a current ratio of 3.41. Sabra Health Care REIT, Inc. has a 52-week low of $10.30 and a 52-week high of $14.91. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of 273.00, a PEG ratio of 4.92 and a beta of 1.16. The business’s fifty day moving average is $14.06 and its 200-day moving average is $14.04.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 13th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 8.79%. The ex-dividend date of this dividend was Monday, February 12th. Sabra Health Care REIT’s dividend payout ratio (DPR) is 2,400.00%.

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.