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

Teacher Retirement System of Texas raised its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 16.2% during the fourth quarter, Holdings Channel reports. 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’ holdings in Sabra Health Care REIT were worth $2,051,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in SBRA. VSM Wealth Advisory LLC acquired a new position in Sabra Health Care REIT in the fourth quarter valued at $26,000. Quarry LP acquired a new position in shares of Sabra Health Care REIT in the 3rd quarter valued at about $30,000. Assetmark Inc. grew its holdings in shares of Sabra Health Care REIT by 33.4% during the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust’s stock worth $45,000 after purchasing an additional 656 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sabra Health Care REIT during the 3rd quarter worth about $59,000. Finally, Jones Financial Companies Lllp raised its holdings in Sabra Health Care REIT by 208.3% in the fourth quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 4,204 shares during the period. 99.40% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SBRA. Citizens Jmp upgraded shares of Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. JMP Securities raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Tuesday, January 7th. Truist Financial raised their target price on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a report on Tuesday, March 18th. Finally, Mizuho restated a “neutral” rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Sabra Health Care REIT has an average rating of “Moderate Buy” and an average target price of $19.33.

Sabra Health Care REIT Stock Performance

Shares of SBRA stock opened at $17.38 on Friday. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 1.97 and a beta of 1.27. The company’s 50-day simple moving average is $16.82 and its 200-day simple moving average is $17.67. The company has a debt-to-equity ratio of 0.88, a quick ratio of 4.16 and a current ratio of 4.32. Sabra Health Care REIT, Inc. has a one year low of $13.31 and a one year high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $178.01 million. Equities analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The business also recently declared 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.90%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT’s payout ratio 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.