Arizona State Retirement System Has $920,000 Stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Arizona State Retirement System increased its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Get Rating) by 4.0% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 61,815 shares of the real estate investment trust’s stock after purchasing an additional 2,381 shares during the period. Arizona State Retirement System’s holdings in Sabra Health Care REIT were worth $920,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Future Financial Wealth Managment LLC boosted its stake in Sabra Health Care REIT by 66.7% in the 1st quarter. Future Financial Wealth Managment LLC now owns 5,000 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 2,000 shares during the period. Groesbeck Investment Management Corp NJ acquired a new position in Sabra Health Care REIT in the 1st quarter worth approximately $273,000. Fort Washington Investment Advisors Inc. OH boosted its stake in Sabra Health Care REIT by 3.5% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 36,519 shares of the real estate investment trust’s stock worth $544,000 after purchasing an additional 1,219 shares during the period. Mutual of America Capital Management LLC boosted its stake in Sabra Health Care REIT by 0.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 605,406 shares of the real estate investment trust’s stock worth $9,014,000 after purchasing an additional 1,630 shares during the period. Finally, Signaturefd LLC boosted its stake in Sabra Health Care REIT by 125.5% in the 1st quarter. Signaturefd LLC now owns 5,674 shares of the real estate investment trust’s stock worth $84,000 after purchasing an additional 3,158 shares during the period. Institutional investors and hedge funds own 91.61% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on SBRA. Barclays cut shares of Sabra Health Care REIT from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $16.00 to $14.00 in a report on Monday, April 18th. Mizuho raised Sabra Health Care REIT from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $16.00 to $15.00 in a research report on Wednesday, May 25th. Capital One Financial began coverage on Sabra Health Care REIT in a research report on Friday, June 3rd. They issued an “equal weight” rating and a $15.50 target price on the stock. Finally, Jefferies Financial Group lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating and dropped their target price for the stock from $15.00 to $14.00 in a research report on Thursday, June 30th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $15.85.

Sabra Health Care REIT Stock Performance

SBRA opened at $15.37 on Wednesday. The company has a market cap of $3.55 billion, a PE ratio of -31.37 and a beta of 1.33. The stock has a 50-day moving average of $14.28 and a 200-day moving average of $13.67. Sabra Health Care REIT, Inc. has a 52-week low of $11.44 and a 52-week high of $19.01. The company has a debt-to-equity ratio of 0.70, a quick ratio of 3.60 and a current ratio of 3.60.

Sabra Health Care REIT (NASDAQ:SBRA – Get Rating) last announced its earnings results on Wednesday, May 4th. The real estate investment trust reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.01. Sabra Health Care REIT had a negative return on equity of 3.15% and a negative net margin of 18.28%. During the same quarter in the prior year, the business posted $0.39 earnings per share. As a group, equities research analysts forecast that Sabra Health Care REIT, Inc. will post 1.47 earnings per share for the current fiscal year.

Sabra Health Care REIT Company Profile

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As of March 31, 2022, Sabra's investment portfolio included 416 real estate properties held for investment. This consists of (i) 279 Skilled Nursing/Transitional Care facilities, (ii) 59 Senior Housing communities (Senior Housing – Leased), (iii) 50 Senior Housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 13 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a sales-type lease, 16 investments in loans receivable (consisting of (i) two mortgage loans, (ii) one construction loan and (iii) 13 other loans), seven preferred equity investments and one investment in an unconsolidated joint venture.