Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 16.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 118,439 shares of the real estate investment trust’s stock after purchasing an additional 16,475 shares during the period. Teacher Retirement System of Texas owned approximately 0.05% of Sabra Health Care REIT worth $2,051,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. VSM Wealth Advisory LLC purchased a new position in Sabra Health Care REIT in the fourth quarter worth $26,000. Xponance Inc. increased its holdings in shares of Sabra Health Care REIT by 8.3% in the 4th quarter. Xponance Inc. now owns 34,167 shares of the real estate investment trust’s stock valued at $592,000 after purchasing an additional 2,630 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Sabra Health Care REIT by 95.9% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,816,217 shares of the real estate investment trust’s stock valued at $31,457,000 after purchasing an additional 888,908 shares in the last quarter. Cibc World Markets Corp lifted its stake in shares of Sabra Health Care REIT by 47.0% in the fourth quarter. Cibc World Markets Corp now owns 90,992 shares of the real estate investment trust’s stock valued at $1,576,000 after purchasing an additional 29,082 shares during the period. Finally, Commonwealth Equity Services LLC boosted its holdings in Sabra Health Care REIT by 59.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 109,997 shares of the real estate investment trust’s stock worth $1,905,000 after buying an additional 41,128 shares in the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

SBRA has been the subject of a number of research reports. Mizuho reiterated a “neutral” rating and set a $20.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Truist Financial lifted their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a report on Tuesday, March 18th. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. Finally, JMP Securities raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target for the company in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

Sabra Health Care REIT Stock Up 0.7 %

SBRA opened at $17.38 on Friday. The firm has a market cap of $4.13 billion, a P/E ratio of 32.79, a PEG ratio of 1.97 and a beta of 1.27. The business’s fifty day simple moving average is $16.82 and its 200 day simple moving average is $17.67. Sabra Health Care REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $20.03. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.36. The company had revenue of $182.35 million for the quarter, compared to analysts’ expectations of $178.01 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. As a group, equities research analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend was Friday, February 14th. Sabra Health Care REIT’s dividend payout ratio (DPR) is 226.42%.

About Sabra Health Care 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.