Waterloo Capital L.P. Buys 16,474 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Waterloo Capital L.P. lifted its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 7.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 246,342 shares of the real estate investment trust’s stock after buying an additional 16,474 shares during the quarter. Waterloo Capital L.P. owned about 0.11% of Sabra Health Care REIT worth $3,794,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Family Firm Inc. acquired a new stake in Sabra Health Care REIT in the second quarter valued at $26,000. Neo Ivy Capital Management acquired a new stake in Sabra Health Care REIT in the 4th quarter valued at about $41,000. Principal Securities Inc. bought a new position in Sabra Health Care REIT during the fourth quarter worth about $46,000. GAMMA Investing LLC increased its position in Sabra Health Care REIT by 40.0% during the second quarter. GAMMA Investing LLC now owns 3,682 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 1,052 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. bought a new stake in Sabra Health Care REIT in the fourth quarter valued at approximately $56,000. 99.40% of the stock is owned by institutional investors.

Sabra Health Care REIT Stock Performance

NASDAQ SBRA opened at $18.93 on Wednesday. The firm has a 50-day moving average price of $16.64 and a two-hundred day moving average price of $15.16. Sabra Health Care REIT, Inc. has a 12-month low of $12.83 and a 12-month high of $19.00. The company has a market capitalization of $4.38 billion, a P/E ratio of 94.65, a P/E/G ratio of 2.65 and a beta of 1.26. The company has a quick ratio of 4.27, a current ratio of 4.27 and a debt-to-equity ratio of 0.89.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.24). Sabra Health Care REIT had a net margin of 7.83% and a return on equity of 1.87%. The company had revenue of $176.14 million during the quarter, compared to the consensus estimate of $166.54 million. During the same quarter last year, the firm posted $0.34 earnings per share. The company’s quarterly revenue was up 9.3% on a year-over-year basis. Analysts anticipate that Sabra Health Care REIT, Inc. will post 1.37 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 19th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.34%. The ex-dividend date was Monday, August 19th. Sabra Health Care REIT’s payout ratio is currently 600.00%.

Analysts Set New Price Targets

SBRA has been the subject of several research analyst reports. Citigroup upgraded Sabra Health Care REIT from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $17.00 to $20.00 in a research note on Friday, September 13th. Truist Financial lifted their price objective on shares of Sabra Health Care REIT from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Finally, Scotiabank increased their price objective on shares of Sabra Health Care REIT from $15.00 to $17.00 and gave the company a “sector perform” rating in a research report on Monday, August 26th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $17.09.

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.