Virginia Retirement Methods ET AL Has $624,000 Inventory Place in Sabra Well being Care REIT, Inc. (NASDAQ:SBRA)

Virginia Retirement Methods ET AL lowered its stake in Sabra Well being Care REIT, Inc. (NASDAQ:SBRA – Get Score) by 91.2% in the course of the first quarter, in accordance with the corporate in its most up-to-date disclosure with the Securities and Change Fee (SEC). The agency owned 41,900 shares of the true property funding belief’s inventory after promoting 436,386 shares in the course of the quarter. Virginia Retirement Methods ET AL’s holdings in Sabra Well being Care REIT had been price $624,000 on the finish of the latest reporting interval.

A number of different institutional traders additionally just lately purchased and offered shares of SBRA. Wedbush Securities Inc. purchased a brand new stake in Sabra Well being Care REIT within the first quarter price roughly $740,000. Financial institution of America Corp DE elevated its holdings in Sabra Well being Care REIT by 40.6% within the fourth quarter. Financial institution of America Corp DE now owns 335,561 shares of the true property funding belief’s inventory price $4,543,000 after buying a further 96.846 shares within the final quarter. State of New Jersey Frequent Pension Fund D elevated its holdings in Sabra Well being Care REIT by 10.3% within the fourth quarter. State of New Jersey Frequent Pension Fund D now owns 298,512 shares of the true property funding belief’s inventory price $4,042,000 after buying a further 27,980 shares within the final quarter. Wolverine Asset Administration LLC elevated its holdings in Sabra Well being Care REIT by 673.7% within the fourth quarter. Wolverine Asset Administration LLC now owns 140,418 shares of the true property funding belief’s inventory price $1,901,000 after buying a further 122,270 shares within the final quarter. Lastly, the New York State Academics Retirement System elevated its holdings in Sabra Well being Care REIT by 2.3% within the fourth quarter. New York State Academics Retirement System now owns 316,583 shares of the true property funding belief’s inventory price $4,287,000 after buying a further 7,227 shares within the final quarter. 91.61% of the inventory is presently owned by institutional traders.

Shares of Sabra Well being Care REIT inventory opened at $14.32 on Friday. The inventory has a fifty day easy shifting common of $13.65 and a 200 day easy shifting common of $13.56. Sabra Well being Care REIT, Inc. has a 12-month low of $11.44 and a 12-month excessive of $19.01. The corporate has a market capitalization of $3.31 billion, a P/E ratio of -29.22 and a beta of 1.33. The corporate has a present ratio of three.60, a fast ratio of three.60 and a debt-to-equity ratio of 0.70.

Sabra Well being Care REIT (NASDAQ:SBRA – Get Score) final posted its quarterly earnings information on Wednesday, Might 4th. The actual property funding belief reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.01. Sabra Well being Care REIT had a unfavourable return on fairness of three.15% and a unfavourable internet margin of 18.28%. Throughout the identical interval within the earlier yr, the corporate earned $0.39 EPS. On common, analysts predict that Sabra Well being Care REIT, Inc. will put up 1.47 EPS for the present yr.

The agency additionally just lately disclosed a quarterly dividend, which was paid on Tuesday, Might thirty first. Shareholders of document on Monday, Might sixteenth got a $0.30 dividend. The ex-dividend date was Friday, Might thirteenth. This represents a $1.20 annualized dividend and a yield of 8.38%. Sabra Well being Care REIT’s dividend payout ratio is presently -244.89%.

A number of equities analysis analysts have just lately commented on SBRA shares. Mizuho upgraded Sabra Well being Care REIT from a “impartial” score to a “purchase” score and decreased their worth goal for the corporate from $16.00 to $15.00 in a report on Wednesday, Might twenty fifth. StockNews.com began protection on Sabra Well being Care REIT in a report on Thursday, March thirty first. They set a “maintain” score for the corporate. Barclays downgraded Sabra Well being Care REIT from an “chubby” score to an “equal weight” score and decreased their worth goal for the corporate from $16.00 to $14.00 in a report on Monday, April 18th. Credit score Suisse Group boosted their worth goal on Sabra Well being Care REIT from $14.00 to $15.00 and gave the corporate a “impartial” score in a report on Monday, April 4th. Lastly, Jefferies Monetary Group downgraded Sabra Well being Care REIT from a “purchase” score to a “maintain” score and decreased their worth goal for the corporate from $15.00 to $14.00 in a report on Thursday, June thirtieth. Seven analysts have rated the inventory with a maintain score and 5 have assigned a purchase score to the corporate. Based on information from MarketBeat, Sabra Well being Care REIT presently has a mean score of “Maintain” and a mean worth goal of $15.85.

Sabra Well being Care REIT Firm Profile (Get Score)

As of March 31, 2022, Sabra’s funding portfolio included 416 actual property properties held for funding. This consists of (i) 279 Expert Nursing/Transitional Care amenities, (ii) 59 Senior Housing communities (Senior Housing – Leased), (iii) 50 Senior Housing communities operated by third-party property managers pursuant to property administration agreements (Senior Housing – Managed), (iv) 13 Behavioral Well being amenities and (v) 15 Specialty Hospitals and Different amenities), one asset held on the market, one funding in a sales-type lease, 16 investments in loans receivable (consisting of (i) two mortgage loans, (ii) one building mortgage and (iii) 13 different loans), seven most popular fairness investments and one funding in an unconsolidated three way partnership.

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