Bank of Montreal Can Buys 1,827,361 Shares of Sabra Healthcare REIT, Inc. $SBRA

Bank of Montreal Can boosted its stake in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 244.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,575,969 shares of the real estate investment trust’s stock after purchasing an additional 1,827,361 shares during the quarter. Bank of Montreal Can owned about 1.08% of Sabra Healthcare REIT worth $47,501,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SVB Wealth LLC bought a new stake in Sabra Healthcare REIT in the first quarter valued at about $34,000. Wealth Preservation Advisors LLC acquired a new stake in Sabra Healthcare REIT during the 1st quarter worth $38,000. Northwestern Mutual Wealth Management Co. raised its stake in Sabra Healthcare REIT by 61.2% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,806 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,065 shares during the period. Anchor Investment Management LLC acquired a new stake in Sabra Healthcare REIT during the 1st quarter worth $58,000. Finally, Assetmark Inc. raised its stake in Sabra Healthcare REIT by 37.8% during the 1st quarter. Assetmark Inc. now owns 3,607 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 989 shares during the period. Institutional investors own 99.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SBRA. JMP Securities raised their price objective on Sabra Healthcare REIT from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sabra Healthcare REIT in a research note on Wednesday, October 8th. Cantor Fitzgerald began coverage on Sabra Healthcare REIT in a research note on Wednesday, October 1st. They set a “neutral” rating and a $20.00 price objective on the stock. BMO Capital Markets raised their price objective on Sabra Healthcare REIT from $19.00 to $22.00 and gave the stock a “market perform” rating in a research note on Monday, August 25th. Finally, Truist Financial raised their price objective on Sabra Healthcare REIT from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sabra Healthcare REIT presently has an average rating of “Moderate Buy” and an average price target of $20.75.

Sabra Healthcare REIT Stock Performance

Shares of SBRA opened at $18.20 on Thursday. Sabra Healthcare REIT, Inc. has a 12 month low of $15.60 and a 12 month high of $20.03. The firm has a fifty day simple moving average of $18.42 and a 200 day simple moving average of $18.25. The stock has a market capitalization of $4.36 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 1.10 and a beta of 0.85. The company has a current ratio of 4.80, a quick ratio of 4.80 and a debt-to-equity ratio of 0.91.

Sabra Healthcare REIT (NASDAQ:SBRA) last announced its earnings results on Monday, August 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. Sabra Healthcare REIT had a net margin of 24.87% and a return on equity of 6.69%. The business had revenue of $189.15 million during the quarter, compared to analysts’ expectations of $185.64 million. During the same quarter in the prior year, the company posted $0.36 earnings per share. The firm’s revenue was up 7.4% on a year-over-year basis. Research analysts forecast that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current fiscal year.

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.