Teacher Retirement System of Texas Has $887,000 Position in Sabra Healthcare REIT, Inc. $SBRA

Teacher Retirement System of Texas lessened its holdings in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 7.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 48,095 shares of the real estate investment trust’s stock after selling 4,124 shares during the period. Teacher Retirement System of Texas’ holdings in Sabra Healthcare REIT were worth $887,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its position in Sabra Healthcare REIT by 15.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 267,445 shares of the real estate investment trust’s stock worth $4,932,000 after buying an additional 35,981 shares in the last quarter. AlphaQuest LLC raised its stake in shares of Sabra Healthcare REIT by 127.1% in the second quarter. AlphaQuest LLC now owns 35,395 shares of the real estate investment trust’s stock worth $653,000 after acquiring an additional 19,811 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Sabra Healthcare REIT by 1.3% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 261,305 shares of the real estate investment trust’s stock worth $4,818,000 after purchasing an additional 3,405 shares in the last quarter. Asset Management One Co. Ltd. grew its stake in shares of Sabra Healthcare REIT by 0.8% during the second quarter. Asset Management One Co. Ltd. now owns 469,510 shares of the real estate investment trust’s stock valued at $8,658,000 after purchasing an additional 3,592 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Sabra Healthcare REIT during the second quarter valued at approximately $7,048,000. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently weighed in on SBRA. Cantor Fitzgerald began coverage on shares of Sabra Healthcare REIT in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 price objective for the company. National Bankshares set a $22.00 target price on Sabra Healthcare REIT in a research report on Friday, October 17th. Truist Financial upped their price target on Sabra Healthcare REIT from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, September 2nd. JMP Securities lifted their price objective on Sabra Healthcare REIT from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Finally, BMO Capital Markets upped their target price on shares of Sabra Healthcare REIT from $19.00 to $22.00 and gave the company a “market perform” rating in a research report on Monday, August 25th. One equities 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.75.

Sabra Healthcare REIT Stock Up 0.2%

NASDAQ:SBRA opened at $18.88 on Friday. The company has a quick ratio of 4.80, a current ratio of 4.80 and a debt-to-equity ratio of 0.91. Sabra Healthcare REIT, Inc. has a 12-month low of $15.60 and a 12-month high of $20.03. The stock’s fifty day simple moving average is $18.40 and its 200-day simple moving average is $18.26. The firm has a market capitalization of $4.53 billion, a P/E ratio of 24.84, a P/E/G ratio of 1.10 and a beta of 0.84.

Sabra Healthcare REIT (NASDAQ:SBRA) last released its quarterly earnings data on Wednesday, November 5th. The real estate investment trust reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Sabra Healthcare REIT had a return on equity of 6.69% and a net margin of 24.87%.The business had revenue of $190.04 million during the quarter, compared to the consensus estimate of $193.44 million. During the same quarter in the prior year, the company posted $0.37 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis. Sabra Healthcare REIT has set its FY 2025 guidance at 1.455-1.465 EPS. Equities research analysts expect that Sabra Healthcare REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Healthcare REIT Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Monday, November 17th. Sabra Healthcare REIT’s dividend payout ratio (DPR) is currently 157.89%.

Sabra Healthcare REIT Company 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.