Sabra Health Care REIT (SBRA)
Healthcare REIT earning rent and resident fees from nursing and senior-housing properties.
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Owns and finances skilled-nursing, senior-housing, behavioral-health, and specialty-hospital real estate across the U.S. and Canada. Revenue comes from tenant rent, resident fees at managed senior housing, and credit investments, tying results to third-party operators, managers, healthcare reimbursement, and regulation.
Owns and finances healthcare real estate across the U.S. and Canada, centered on skilled-nursing and transitional-care facilities, leased and managed senior housing, behavioral-health sites, and specialty hospitals. Leased properties produce rent from third-party operators; managed communities generate resident fees while outside managers run day-to-day operations. Loans, preferred equity, and joint ventures add credit-investment income.
Uses a management team with healthcare operating experience and a network of local, regional, and national operators to source investments and transition properties between tenants or management structures. Recent investment activity remains focused on senior housing and skilled nursing.
Cash flow depends on tenant and borrower performance, managed-community occupancy and operating costs, and third-party managers' execution. Skilled-nursing operators also depend heavily on government reimbursement, while healthcare regulation and REIT distribution requirements shape the business.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 31, 2026 | Mizuho Securities | Target | Target: — | Target: $21 |
| Aug 31, 2026 | Barclays | Reiterate | Rating: —Target: $21 | Target: $23 |
| Aug 6, 2026 | Raymond James | Upgrade | ||
| Jul 22, 2026 | UBS | Target | Target: $19 | Target: $25 |
| Jul 22, 2026 | Robert W. Baird | Target | Target: $16 | Target: $23 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $231.6M · Total debt $2.65B · Total assets $5.51B · Shareholders' equity $2.75B
- Revenue
- $235.9M
- Operating income
- −$61.8M
- Net income
- −$25.2M
HistoryDividendAnnual yield
| Institutions | ≈ 102.78% | 262.56M shares | |
|---|---|---|---|
| 473 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.98% | 2.50M shares | |
| 12 holders · as of Sep 9, 2026 | |||
| Strategic holders | 13.00% | 33.20M shares | |
| 1 holder · as of Jan 27, 2022 | |||
| Adds to | 116.76% | ||
255.46M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 116.76%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 16.29% | 41.61M | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 13.00% | 33.20M | filed Jan 27, 2022 |
Principal Financial Group IncInstitution | 9.67% | 24.71M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 9.14% | 23.35M | as of Jun 30, 2026 |
Principal Real Estate Investors LLCInstitution | 8.35% | 21.33M | filed Feb 6, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 8, 2026 | Richard K. Matros | director, officer: Chair, CEO and President | −200,000 | $20.83 |
| Mar 25, 2026 | Jessica Flores | officer: Executive VP & CAO | −15,231 | $19.86 |
- Omega Healthcare Investors
Skilled-nursing and assisted-living capital peer
- CareTrust REIT
Operator-led SNF and senior-housing REIT peer
- LTC Properties
Senior-housing and skilled-nursing capital peer
- National Health Investors
Senior-housing, SNF, and specialty-hospital peer
- Welltower
Large senior-housing and post-acute REIT peer
- American Healthcare REIT
Clinical healthcare REIT with senior-care overlap
- Ventas
Diversified senior-housing healthcare REIT peer
- Medical Properties Trust
Hospital real-estate peer for specialty facilities
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Sabra Health Care REIT | $19.79 | −0.43% | $5.01B | 75.7 | 27.3 | 5.8 | +24.7% |
| Omega Healthcare Investors | $46.28 | −1.17% | $14.01B | 16.7 | 23.8 | 10.8 | +11.5% |
| CareTrust REIT | $37.32 | −0.96% | $8.90B | 23.4 | 23.0 | 16.4 | +37.4% |
| LTC Properties | $42.25 | −1.47% | $2.19B | 15.4 | 21.5 | 6.3 | −46.2% |
| National Health Investors | $67.27 | −0.88% | $3.29B | 19.6 | 19.8 | 7.6 | +1.6% |
| Welltower | $230.77 | −0.85% | $167.72B | 123.2 | 83.3 | 13.3 | +39.1% |
| American Healthcare REIT | $51.91 | −0.75% | $10.81B | 76.9 | 74.6 | 4.3 | +23.7% |
| Ventas | $86.98 | −0.06% | $42.31B | 161.2 | 120.4 | 6.6 | +21.7% |
| Medical Properties Trust | $3.58 | −2.05% | $2.18B | — | 154.3 | 2.1 | +7.9% |
| Median | 23.4 | 49.2 | 7.1 | +16.6% |