New York State Teachers Retirement System Raises Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

New York State Teachers Retirement System grew its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 287,056 shares of the real estate investment trust’s stock after purchasing an additional 6,574 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of Sabra Health Care REIT worth $4,972,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of SBRA. Quarry LP purchased a new position in Sabra Health Care REIT during the 3rd quarter worth approximately $30,000. Assetmark Inc. lifted its stake in shares of Sabra Health Care REIT by 168.4% during the third quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,231 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in shares of Sabra Health Care REIT in the third quarter worth about $59,000. Harbor Capital Advisors Inc. bought a new stake in Sabra Health Care REIT in the third quarter valued at about $78,000. Finally, International Assets Investment Management LLC grew its holdings in shares of Sabra Health Care REIT by 1,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 5,776 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Wall Street Analysts Forecast Growth

SBRA has been the subject of a number of recent analyst reports. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 7th. JMP Securities raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Tuesday, January 7th. Truist Financial downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating and decreased their price objective for the company from $18.00 to $17.00 in a report on Friday, January 17th. Finally, Mizuho reiterated a “neutral” rating and issued a $20.00 target price on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Sabra Health Care REIT presently has an average rating of “Moderate Buy” and an average target price of $18.86.

Sabra Health Care REIT Price Performance

Shares of SBRA stock opened at $16.39 on Friday. The firm has a market capitalization of $3.88 billion, a price-to-earnings ratio of 39.98, a price-to-earnings-growth ratio of 1.98 and a beta of 1.25. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 0.90. Sabra Health Care REIT, Inc. has a 12-month low of $13.31 and a 12-month high of $20.03. The firm has a fifty day moving average of $16.88 and a 200-day moving average of $17.62.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $182.35 million for the quarter, compared to analysts’ expectations of $178.01 million. Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. On average, equities research analysts forecast that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.20 annualized dividend and a yield of 7.32%. Sabra Health Care REIT’s dividend payout ratio is currently 292.68%.

Sabra Health Care REIT Company 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.