California Public Employees Retirement System grew its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Get Rating) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 475,201 shares of the real estate investment trust’s stock after purchasing an additional 4,196 shares during the period. California Public Employees Retirement System’s holdings in Sabra Health Care REIT were worth $6,639,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of SBRA. Meeder Asset Management Inc. purchased a new position in Sabra Health Care REIT in the first quarter worth $30,000. JFS Wealth Advisors LLC purchased a new position in shares of Sabra Health Care REIT in the 2nd quarter valued at about $32,000. Lazard Asset Management LLC purchased a new position in shares of Sabra Health Care REIT in the 2nd quarter valued at about $38,000. Lindbrook Capital LLC lifted its stake in shares of Sabra Health Care REIT by 60.8% in the second quarter. Lindbrook Capital LLC now owns 2,929 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 1,107 shares during the period. Finally, Worth Asset Management LLC purchased a new stake in Sabra Health Care REIT during the first quarter worth about $44,000. 87.67% of the stock is owned by hedge funds and other institutional investors.
Sabra Health Care REIT Price Performance
Shares of NASDAQ SBRA opened at $12.53 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. Sabra Health Care REIT, Inc. has a 1-year low of $11.44 and a 1-year high of $16.60. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of -156.63 and a beta of 1.29. The business has a 50-day moving average of $12.95 and a 200-day moving average of $13.95.
Sabra Health Care REIT Announces Dividend
Wall Street Analysts Forecast Growth
SBRA has been the topic of several research reports. Citigroup upped their target price on Sabra Health Care REIT to $15.50 in a report on Monday, August 22nd. Bank of America downgraded shares of Sabra Health Care REIT from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $15.00 to $13.00 in a report on Monday, November 14th. Barclays upped their price target on shares of Sabra Health Care REIT to $15.00 in a report on Tuesday, August 9th. StockNews.com started coverage on shares of Sabra Health Care REIT in a research report on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Robert W. Baird lowered Sabra Health Care REIT from an “outperform” rating to a “neutral” rating and set a $13.00 target price on the stock. in a research note on Monday, October 10th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $15.00.
Sabra Health Care REIT Company Profile
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.
- Get a free copy of the StockNews.com research report on Sabra Health Care REIT (SBRA)
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