Bright Futures Wealth Management LLC. Increases Stock Holdings in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA)

Bright Futures Wealth Management LLC. lifted its stake in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 14.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,827 shares of the real estate investment trust’s stock after buying an additional 1,513 shares during the quarter. Bright Futures Wealth Management LLC.’s holdings in Sabra Healthcare REIT were worth $210,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of SBRA. VSM Wealth Advisory LLC purchased a new stake in shares of Sabra Healthcare REIT during the 4th quarter valued at about $26,000. UMB Bank n.a. raised its holdings in shares of Sabra Healthcare REIT by 379.6% during the 1st quarter. UMB Bank n.a. now owns 2,048 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 1,621 shares during the period. Assetmark Inc. increased its holdings in Sabra Healthcare REIT by 33.4% during the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 656 shares during the last quarter. Fifth Third Bancorp increased its holdings in Sabra Healthcare REIT by 110.3% during the 1st quarter. Fifth Third Bancorp now owns 3,835 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 2,011 shares during the last quarter. Finally, GF Fund Management CO. LTD. purchased a new stake in Sabra Healthcare REIT during the 4th quarter worth approximately $74,000. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Sabra Healthcare REIT news, Director Michael J. Foster sold 11,000 shares of Sabra Healthcare REIT stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $18.22, for a total value of $200,420.00. Following the completion of the transaction, the director now owns 64,725 shares of the company’s stock, valued at $1,179,289.50. The trade was a 14.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SBRA has been the subject of several research analyst reports. Scotiabank increased their target price on Sabra Healthcare REIT from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. Truist Financial lifted their price target on shares of Sabra Healthcare REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a research note on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Sabra Healthcare REIT currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.50.

Sabra Healthcare REIT Stock Down 0.2%

Shares of NASDAQ:SBRA opened at $18.25 on Friday. The company has a current ratio of 4.22, a quick ratio of 4.22 and a debt-to-equity ratio of 0.89. The company has a fifty day simple moving average of $17.79 and a 200 day simple moving average of $17.26. The firm has a market cap of $4.34 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 1.38 and a beta of 0.85. Sabra Healthcare REIT, Inc. has a 12-month low of $14.63 and a 12-month high of $20.03.

Sabra Healthcare REIT (NASDAQ:SBRA) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The firm had revenue of $183.54 million during the quarter, compared to the consensus estimate of $180.23 million. Sabra Healthcare REIT had a net margin of 19.55% and a return on equity of 5.14%. The firm’s revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.35 earnings per share. On average, equities research analysts anticipate that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Friday, May 16th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.58%. The ex-dividend date was Friday, May 16th. Sabra Healthcare REIT’s dividend payout ratio is presently 203.39%.

About Sabra Healthcare REIT

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Tustin, CA.