Employees Retirement System of Texas Reduces Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Employees Retirement System of Texas decreased its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 34.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 178,630 shares of the real estate investment trust’s stock after selling 92,000 shares during the period. Employees Retirement System of Texas owned about 0.08% of Sabra Health Care REIT worth $30,939,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Principal Financial Group Inc. raised its stake in Sabra Health Care REIT by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 21,573,436 shares of the real estate investment trust’s stock worth $401,479,000 after acquiring an additional 167,069 shares during the period. FMR LLC boosted its holdings in Sabra Health Care REIT by 89.7% in the 3rd quarter. FMR LLC now owns 1,599,532 shares of the real estate investment trust’s stock worth $29,767,000 after buying an additional 756,418 shares during the period. Rockefeller Capital Management L.P. raised its holdings in Sabra Health Care REIT by 4.5% during 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 acquiring an additional 655 shares during the period. Captrust Financial Advisors lifted its position in shares of Sabra Health Care REIT by 4.2% in the third quarter. Captrust Financial Advisors now owns 50,617 shares of the real estate investment trust’s stock valued at $942,000 after acquiring an additional 2,041 shares in the last quarter. Finally, HighTower Advisors LLC raised its stake in Sabra Health Care REIT by 33.3% during the 3rd quarter. HighTower Advisors LLC now owns 29,619 shares of the real estate investment trust’s stock valued at $547,000 after purchasing an additional 7,403 shares during the period. Institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Performance

Shares of Sabra Health Care REIT stock opened at $17.28 on Monday. The firm has a market capitalization of $4.11 billion, a P/E ratio of 32.60, a PEG ratio of 1.97 and a beta of 0.93. 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. The company has a 50 day moving average price of $16.89 and a 200 day moving average price of $17.63.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings results 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. The company had revenue of $182.35 million during the quarter, compared to analysts’ expectations of $178.01 million. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. Sell-side analysts expect that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on SBRA shares. Truist Financial boosted their target price 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 upgraded shares of Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research report 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 report on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.33.

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.