Louisiana State Employees Retirement System Grows Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Louisiana State Employees Retirement System lifted its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,700 shares of the real estate investment trust’s stock after acquiring an additional 800 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Sabra Health Care REIT were worth $1,138,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Principle Wealth Partners LLC raised its holdings in shares of Sabra Health Care REIT by 16.2% during the fourth quarter. Principle Wealth Partners LLC now owns 18,920 shares of the real estate investment trust’s stock valued at $328,000 after acquiring an additional 2,635 shares in the last quarter. Wealthstar Advisors LLC bought a new position in Sabra Health Care REIT in the fourth quarter worth $660,000. Sumitomo Mitsui Trust Group Inc. raised its holdings in Sabra Health Care REIT by 0.8% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 255,110 shares of the real estate investment trust’s stock worth $4,419,000 after purchasing an additional 2,109 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in Sabra Health Care REIT in the fourth quarter worth $462,000. Finally, State of Alaska Department of Revenue raised its holdings in Sabra Health Care REIT by 2.2% in the fourth quarter. State of Alaska Department of Revenue now owns 140,212 shares of the real estate investment trust’s stock worth $2,427,000 after purchasing an additional 3,073 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Trading Down 1.0 %

Sabra Health Care REIT stock opened at $16.52 on Tuesday. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.16 and a quick ratio of 4.16. Sabra Health Care REIT, Inc. has a one year low of $13.31 and a one year high of $20.03. The stock has a market capitalization of $3.91 billion, a PE ratio of 40.29, a price-to-earnings-growth ratio of 2.02 and a beta of 1.25. The business’s fifty day moving average is $16.95 and its 200 day moving average is $17.63.

Sabra Health Care REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.30 per share. The ex-dividend date is Friday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 7.26%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 292.69%.

Analysts Set New Price Targets

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

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.