New York State Teachers Retirement System Increases Holdings in Sabra Healthcare REIT, Inc. $SBRA

New York State Teachers Retirement System grew its holdings in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 2.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 328,474 shares of the real estate investment trust’s stock after buying an additional 6,827 shares during the quarter. New York State Teachers Retirement System’s holdings in Sabra Healthcare REIT were worth $6,057,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. SVB Wealth LLC purchased a new stake in Sabra Healthcare REIT in the 1st quarter worth about $34,000. Wealth Preservation Advisors LLC purchased a new stake in Sabra Healthcare REIT in the 1st quarter worth about $38,000. Northwestern Mutual Wealth Management Co. raised its position in Sabra Healthcare REIT by 61.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,806 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,065 shares during the period. Anchor Investment Management LLC purchased a new stake in Sabra Healthcare REIT in the 1st quarter worth about $58,000. Finally, Assetmark Inc. raised its position in Sabra Healthcare REIT by 37.8% in the 1st quarter. Assetmark Inc. now owns 3,607 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 989 shares during the period. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Sabra Healthcare REIT Stock Performance

Shares of NASDAQ:SBRA opened at $18.43 on Tuesday. The firm has a market cap of $4.42 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 1.22 and a beta of 0.85. The firm’s 50 day simple moving average is $18.68 and its 200-day simple moving average is $18.20. Sabra Healthcare REIT, Inc. has a one year low of $15.60 and a one year high of $20.03. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.80 and a current ratio of 4.80.

Sabra Healthcare REIT (NASDAQ:SBRA) last issued its earnings results on Monday, August 4th. The real estate investment trust reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.02. The business had revenue of $189.15 million for the quarter, compared to analyst estimates of $185.64 million. Sabra Healthcare REIT had a net margin of 24.87% and a return on equity of 6.69%. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the company posted $0.36 earnings per share. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. As a group, equities analysts predict that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current year.

Sabra Healthcare REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Stockholders of record on Friday, August 15th were paid a dividend of $0.30 per share. The ex-dividend date was Friday, August 15th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.5%. Sabra Healthcare REIT’s dividend payout ratio (DPR) is currently 157.89%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SBRA. JMP Securities increased their price objective on shares of Sabra Healthcare REIT from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Wednesday, August 6th. Truist Financial increased their price objective on shares of Sabra Healthcare REIT from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Tuesday, September 2nd. National Bankshares set a $22.00 price objective on shares of Sabra Healthcare REIT in a research report on Friday. Scotiabank increased their price objective on shares of Sabra Healthcare REIT from $19.00 to $20.00 and gave the stock a “sector perform” rating in a research report on Monday, June 23rd. Finally, Cantor Fitzgerald assumed coverage on shares of Sabra Healthcare REIT in a research report on Wednesday, October 1st. They set a “neutral” rating and a $20.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $20.88.

Sabra Healthcare REIT 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.