Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System lifted its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,064,368 shares of the real estate investment trust’s stock after purchasing an additional 18,834 shares during the quarter. California Public Employees Retirement System owned about 0.45% of Sabra Health Care REIT worth $18,435,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. Rockefeller Capital Management L.P. lifted its stake in Sabra Health Care REIT by 4.5% in the third quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust’s stock valued at $286,000 after buying an additional 655 shares during the last quarter. Assetmark Inc. lifted its position in Sabra Health Care REIT by 33.4% in the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 656 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Sabra Health Care REIT by 0.4% during the 4th quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust’s stock valued at $3,068,000 after purchasing an additional 763 shares during the period. Louisiana State Employees Retirement System grew its position in Sabra Health Care REIT by 1.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 65,700 shares of the real estate investment trust’s stock worth $1,138,000 after purchasing an additional 800 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund increased its stake in shares of Sabra Health Care REIT by 1.7% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 48,185 shares of the real estate investment trust’s stock valued at $835,000 after purchasing an additional 800 shares during the period. Institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Trading Down 2.1 %

Shares of SBRA stock opened at $17.28 on Friday. The stock has a 50-day simple moving average of $16.89 and a 200 day simple moving average of $17.65. The stock has a market capitalization of $4.11 billion, a P/E ratio of 32.60, a P/E/G ratio of 1.97 and a beta of 0.93. Sabra Health Care REIT, Inc. has a fifty-two week low of $13.31 and a fifty-two 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 posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting the consensus estimate of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The company had revenue of $182.35 million during the quarter, compared to analyst estimates of $178.01 million. On average, sell-side analysts expect that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.94%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 226.42%.

Analyst Ratings Changes

Several brokerages have recently issued reports on SBRA. Truist Financial boosted their price objective on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a “hold” rating in a research report on Tuesday, March 18th. 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. Finally, Citizens Jmp upgraded shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.33.

Sabra Health Care REIT Profile

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.