Mutual of America Capital Management LLC Sells 13,597 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Mutual of America Capital Management LLC cut its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 2.8% in the third quarter, HoldingsChannel reports. The fund owned 471,806 shares of the real estate investment trust’s stock after selling 13,597 shares during the period. Mutual of America Capital Management LLC’s holdings in Sabra Health Care REIT were worth $8,780,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SBRA. Family Firm Inc. bought a new position in shares of Sabra Health Care REIT during the 2nd quarter valued at approximately $26,000. Assetmark Inc. grew its stake in shares of Sabra Health Care REIT by 168.4% during 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 period. GAMMA Investing LLC grew its stake in shares of Sabra Health Care REIT by 40.0% during 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 in the 3rd quarter worth approximately $78,000. Finally, International Assets Investment Management LLC boosted its stake in Sabra Health Care REIT by 1,761.0% in the 3rd quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 5,776 shares during the period. 99.40% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

SBRA has been the subject of several recent analyst reports. Citigroup upgraded Sabra Health Care REIT from a “neutral” rating to a “buy” rating and upped their price target for the stock from $17.00 to $20.00 in a research note on Friday, September 13th. Wells Fargo & Company upgraded Sabra Health Care REIT from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $16.00 to $20.00 in a research note on Tuesday, October 1st. Truist Financial upped their price target on Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th. Finally, Scotiabank upped their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “sector perform” rating in a research note on Friday, October 11th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $18.71.

Sabra Health Care REIT Stock Down 0.4 %

Shares of SBRA opened at $18.11 on Tuesday. The stock has a market capitalization of $4.28 billion, a price-to-earnings ratio of 44.17, a price-to-earnings-growth ratio of 2.28 and a beta of 1.25. Sabra Health Care REIT, Inc. has a 1 year low of $12.83 and a 1 year high of $20.03. The business’s 50 day simple moving average is $18.61 and its 200-day simple moving average is $16.60. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.16 and a quick ratio of 4.16.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings data on Thursday, October 31st. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.22). The firm had revenue of $178.00 million for the quarter, compared to analysts’ expectations of $177.19 million. Sabra Health Care REIT had a return on equity of 3.51% and a net margin of 14.20%. During the same period last year, the company earned $0.34 earnings per share. As a group, equities analysts expect that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 15th will be issued a dividend of $0.30 per share. The ex-dividend date is Friday, November 15th. This represents a $1.20 annualized dividend and a yield of 6.63%. Sabra Health Care REIT’s payout ratio is presently 292.68%.

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.