VIRGINIA RETIREMENT SYSTEMS ET Al Takes $6.04 Million Position in Sabra Healthcare REIT, Inc. $SBRA

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 309,853 shares of the real estate investment trust’s stock, valued at approximately $6,045,000.

A number of other institutional investors have also bought and sold shares of SBRA. Principal Financial Group Inc. lifted its position in shares of Sabra Healthcare REIT by 0.4% in the first quarter. Principal Financial Group Inc. now owns 25,052,121 shares of the real estate investment trust’s stock valued at $481,755,000 after acquiring an additional 98,770 shares in the last quarter. Nuveen LLC boosted its stake in Sabra Healthcare REIT by 28.6% in the 4th quarter. Nuveen LLC now owns 7,303,254 shares of the real estate investment trust’s stock worth $138,324,000 after purchasing an additional 1,625,072 shares during the period. Geode Capital Management LLC grew its holdings in Sabra Healthcare REIT by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 7,018,556 shares of the real estate investment trust’s stock valued at $132,949,000 after buying an additional 198,118 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Sabra Healthcare REIT by 1,824.2% during the second quarter. California State Teachers Retirement System now owns 5,746,631 shares of the real estate investment trust’s stock valued at $112,117,000 after buying an additional 5,447,978 shares during the last quarter. Finally, Bank of America Corp DE lifted its holdings in shares of Sabra Healthcare REIT by 9.4% in the third quarter. Bank of America Corp DE now owns 5,224,116 shares of the real estate investment trust’s stock worth $97,378,000 after buying an additional 447,528 shares in the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Weiss Ratings cut shares of Sabra Healthcare REIT from a “buy (b)” rating to a “hold (c+)” rating in a research note on Tuesday, August 4th. Wall Street Zen upgraded Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Raymond James Financial upgraded Sabra Healthcare REIT from an “underperform” rating to a “market perform” rating in a research report on Thursday, August 6th. Scotiabank cut their price target on Sabra Healthcare REIT from $22.00 to $19.00 and set a “sector perform” rating for the company in a report on Thursday, June 18th. Finally, Wells Fargo & Company lifted their price objective on Sabra Healthcare REIT from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Monday, June 1st. Six research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $22.17.

Sabra Healthcare REIT Price Performance

NASDAQ:SBRA opened at $20.81 on Wednesday. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 80.04, a PEG ratio of 1.58 and a beta of 0.65. The company has a debt-to-equity ratio of 0.95, a current ratio of 3.07 and a quick ratio of 3.07. The business has a 50 day simple moving average of $20.66 and a 200-day simple moving average of $20.20. Sabra Healthcare REIT, Inc. has a 1 year low of $17.17 and a 1 year high of $22.77.

Sabra Healthcare REIT (NASDAQ:SBRA) last released its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.27). Sabra Healthcare REIT had a net margin of 7.61% and a return on equity of 2.34%. The company had revenue of $230.11 million for the quarter, compared to the consensus estimate of $219.39 million. During the same period in the prior year, the firm posted $0.38 EPS. The business’s revenue for the quarter was up 24.7% compared to the same quarter last year. Equities analysts forecast that Sabra Healthcare REIT, Inc. will post 1.52 EPS for the current year.

Sabra Healthcare REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Friday, August 14th were given a dividend of $0.30 per share. The ex-dividend date was Friday, August 14th. This represents a $1.20 dividend on an annualized basis and a yield of 5.8%. Sabra Healthcare REIT’s payout ratio is 461.54%.

Sabra Healthcare REIT Company Profile

Sabra Healthcare REIT, Inc (NASDAQ: SBRA) is a real estate investment trust that acquires, owns and operates net‐lease healthcare properties. Its diversified portfolio spans senior housing communities, skilled nursing and rehabilitation centers, outpatient medical facilities, medical office buildings, hospitals and life science properties. Sabra structures long‐term, triple‐net lease agreements with healthcare operators, providing stable rental income streams while allowing tenants to focus on patient care and operational excellence.

Serving a broad spectrum of care segments, Sabra’s tenants include both regional and national providers of assisted living, independent living, memory care, post‐acute rehabilitation and research and development laboratories.