BNP PARIBAS ASSET MANAGEMENT Holding S.A. Makes New Investment in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 280,711 shares of the real estate investment trust’s stock, valued at approximately $5,224,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Family Firm Inc. bought a new stake in Sabra Health Care REIT in the second quarter valued at about $26,000. Assetmark Inc. increased its stake in shares of Sabra Health Care REIT by 168.4% in the 3rd quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 1,231 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Sabra Health Care REIT by 40.0% in the 2nd quarter. GAMMA Investing LLC now owns 3,682 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 1,052 shares during the period. Harbor Capital Advisors Inc. bought a new position in Sabra Health Care REIT during the 3rd quarter worth approximately $78,000. Finally, International Assets Investment Management LLC grew its holdings in Sabra Health Care REIT by 1,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 5,776 shares during the period. 99.40% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SBRA shares. Citigroup upgraded shares of Sabra Health Care REIT from a “neutral” rating to a “buy” rating and increased their target price for the stock from $17.00 to $20.00 in a report on Friday, September 13th. Truist Financial lifted their target price on Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, September 4th. Scotiabank increased their price objective on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research report on Friday, October 11th. Finally, Wells Fargo & Company raised Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $16.00 to $20.00 in a research report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Sabra Health Care REIT presently has an average rating of “Moderate Buy” and a consensus target price of $18.71.

Sabra Health Care REIT Stock Performance

Shares of SBRA stock opened at $18.41 on Monday. The company has a market capitalization of $4.36 billion, a price-to-earnings ratio of 44.90, a PEG ratio of 2.30 and a beta of 1.25. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.16 and a current ratio of 4.16. Sabra Health Care REIT, Inc. has a 52 week low of $12.83 and a 52 week high of $20.03. The company has a 50-day simple moving average of $18.64 and a 200 day simple moving average of $16.71.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). Sabra Health Care REIT had a return on equity of 3.51% and a net margin of 14.20%. The firm had revenue of $178.00 million for the quarter, compared to the consensus estimate of $177.19 million. During the same quarter last year, the business posted $0.34 EPS. On average, sell-side analysts predict that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.52%. The ex-dividend date of this dividend is Friday, November 15th. Sabra Health Care REIT’s dividend payout ratio (DPR) is 292.69%.

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.