Healthcare of Ontario Pension Plan Trust Fund Has $583,000 Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Healthcare of Ontario Pension Plan Trust Fund lessened its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 21.0% during the 1st quarter, HoldingsChannel reports. The firm owned 39,500 shares of the real estate investment trust’s stock after selling 10,500 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Sabra Health Care REIT were worth $583,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. grew its stake in shares of Sabra Health Care REIT by 76.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 27,660 shares of the real estate investment trust’s stock worth $395,000 after acquiring an additional 11,963 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of Sabra Health Care REIT by 79.2% in the fourth quarter. Pacer Advisors Inc. now owns 34,766 shares of the real estate investment trust’s stock worth $496,000 after acquiring an additional 15,364 shares during the last quarter. Pinnacle Financial Partners Inc grew its stake in shares of Sabra Health Care REIT by 5.8% in the fourth quarter. Pinnacle Financial Partners Inc now owns 124,660 shares of the real estate investment trust’s stock worth $1,779,000 after acquiring an additional 6,805 shares during the last quarter. Camelot Portfolios LLC acquired a new stake in shares of Sabra Health Care REIT in the fourth quarter worth $148,000. Finally, Asset Management One Co. Ltd. grew its stake in shares of Sabra Health Care REIT by 15.6% in the fourth quarter. Asset Management One Co. Ltd. now owns 417,557 shares of the real estate investment trust’s stock worth $6,084,000 after acquiring an additional 56,316 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Analyst Upgrades and Downgrades

SBRA has been the topic of several research analyst reports. Scotiabank raised their price objective on shares of Sabra Health Care REIT from $14.00 to $15.00 and gave the stock a “sector perform” rating in a research note on Wednesday, May 15th. Truist Financial raised their price objective on shares of Sabra Health Care REIT from $15.00 to $16.00 and gave the stock a “buy” rating in a research note on Thursday, June 27th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sabra Health Care REIT has a consensus rating of “Moderate Buy” and a consensus target price of $16.09.

Insider Buying and Selling at Sabra Health Care REIT

In related news, Director Catherine Cusack acquired 7,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was bought at an average cost of $14.43 per share, with a total value of $101,010.00. Following the completion of the acquisition, the director now owns 46,385 shares in the company, valued at $669,335.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Sabra Health Care REIT Stock Down 1.5 %

SBRA opened at $16.34 on Friday. The company has a market capitalization of $3.78 billion, a P/E ratio of 81.70, a P/E/G ratio of 2.64 and a beta of 1.24. The firm’s fifty day moving average price is $15.00 and its two-hundred day moving average price is $14.32. Sabra Health Care REIT, Inc. has a fifty-two week low of $11.73 and a fifty-two week high of $16.89. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.33 and a quick ratio of 4.33.

Sabra Health Care REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 20th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.34%. Sabra Health Care REIT’s payout ratio is presently 600.00%.

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.