Harvest Fund Management Co. Ltd Has $215,000 Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Harvest Fund Management Co. Ltd grew its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 160.9% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,547 shares of the real estate investment trust’s stock after acquiring an additional 7,122 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Sabra Health Care REIT were worth $215,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in SBRA. Family Firm Inc. bought a new position in Sabra Health Care REIT in the second quarter valued at $26,000. Assetmark Inc. boosted 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 worth $37,000 after buying an additional 1,231 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 in the last quarter. Harbor Capital Advisors Inc. acquired a new stake in shares of Sabra Health Care REIT in the third quarter valued at about $78,000. Finally, International Assets Investment Management LLC raised 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 worth $114,000 after acquiring an additional 5,776 shares in the last quarter. 99.40% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Sabra Health Care REIT Price Performance

NASDAQ:SBRA opened at $18.91 on Thursday. The company has a market cap of $4.47 billion, a P/E ratio of 46.12, a P/E/G ratio of 2.33 and a beta of 1.25. The firm’s fifty day moving average price is $18.63 and its two-hundred day moving average price is $16.76. Sabra Health Care REIT, Inc. has a one year low of $12.83 and a one year high of $20.03. 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 announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.22). The company had revenue of $178.00 million during the quarter, compared to analyst estimates of $177.19 million. Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. During the same quarter last year, the company posted $0.34 EPS. Equities analysts expect that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.35%. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently 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.