California Public Employees Retirement System Has $18.44 Million Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

California Public Employees Retirement System increased its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,064,368 shares of the real estate investment trust’s stock after acquiring an additional 18,834 shares during the quarter. California Public Employees Retirement System’s holdings in Sabra Health Care REIT were worth $18,435,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms have recently commented on SBRA. Truist Financial boosted their price target on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a report on Tuesday, March 18th. JMP Securities upgraded Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research note on Tuesday, January 7th. Finally, Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. 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 stock. According to MarketBeat, Sabra Health Care REIT presently has a consensus rating of “Moderate Buy” and an average target price of $19.33.

Sabra Health Care REIT Price Performance

Shares of NASDAQ:SBRA opened at $17.28 on Friday. 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. The business has a 50-day moving average of $16.89 and a two-hundred day moving average of $17.65. 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 debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16.

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

Sabra Health Care REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 6.94%. Sabra Health Care REIT’s payout ratio is presently 226.42%.

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.