Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Purchased by California Public Employees Retirement System

California Public Employees Retirement System grew its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRAGet 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

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Thursday, November 17th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 9.58%. The ex-dividend date of this dividend is Wednesday, November 16th. Sabra Health Care REIT’s dividend payout ratio is presently -1,500.00%.

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

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding SBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sabra Health Care REIT, Inc. (NASDAQ:SBRAGet Rating).

Institutional Ownership by Quarter for Sabra Health Care REIT (NASDAQ:SBRA)

Receive News & Ratings for Sabra Health Care REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Health Care REIT and related companies with MarketBeat.com's FREE daily email newsletter.