Retirement Systems of Alabama Grows Stock Position in Sabra Healthcare REIT, Inc. $SBRA

Retirement Systems of Alabama increased its holdings in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 18.6% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,170,912 shares of the real estate investment trust’s stock after buying an additional 183,257 shares during the period. Retirement Systems of Alabama owned about 0.49% of Sabra Healthcare REIT worth $21,592,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in SBRA. State of Michigan Retirement System raised its stake in Sabra Healthcare REIT by 1.1% in the 1st quarter. State of Michigan Retirement System now owns 56,649 shares of the real estate investment trust’s stock valued at $990,000 after purchasing an additional 600 shares during the last quarter. Louisiana State Employees Retirement System raised its stake in Sabra Healthcare REIT by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 66,300 shares of the real estate investment trust’s stock valued at $1,158,000 after purchasing an additional 600 shares during the last quarter. Diversify Advisory Services LLC raised its stake in Sabra Healthcare REIT by 5.7% in the 1st quarter. Diversify Advisory Services LLC now owns 12,878 shares of the real estate investment trust’s stock valued at $226,000 after purchasing an additional 689 shares during the last quarter. IFP Advisors Inc raised its stake in Sabra Healthcare REIT by 16.2% in the 1st quarter. IFP Advisors Inc now owns 5,060 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 706 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in Sabra Healthcare REIT by 4.7% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,921 shares of the real estate investment trust’s stock valued at $331,000 after purchasing an additional 853 shares during the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on SBRA shares. Cantor Fitzgerald started coverage on shares of Sabra Healthcare REIT in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 target price for the company. JMP Securities boosted their target price on shares of Sabra Healthcare REIT from $20.00 to $22.00 and gave the company a “market outperform” rating in a research note on Wednesday, August 6th. National Bankshares set a $22.00 target price on shares of Sabra Healthcare REIT in a research note on Friday, October 17th. BMO Capital Markets boosted their target price on shares of Sabra Healthcare REIT from $19.00 to $22.00 and gave the company a “market perform” rating in a research note on Monday, August 25th. Finally, Truist Financial upped their price objective on shares of Sabra Healthcare REIT from $18.00 to $20.00 and gave the company a “hold” rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.75.

Sabra Healthcare REIT Trading Up 2.0%

NASDAQ SBRA opened at $17.82 on Friday. Sabra Healthcare REIT, Inc. has a 12 month low of $15.60 and a 12 month high of $20.03. The company has a 50-day moving average of $18.50 and a 200-day moving average of $18.25. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.80 and a quick ratio of 4.80. The company has a market cap of $4.27 billion, a P/E ratio of 23.45, a P/E/G ratio of 1.10 and a beta of 0.85.

Sabra Healthcare REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Monday, August 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Sabra Healthcare REIT had a net margin of 24.87% and a return on equity of 6.69%. The company had revenue of $189.15 million during the quarter, compared to the consensus estimate of $185.64 million. During the same quarter in the prior year, the company posted $0.36 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year. 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 earnings per share for the current year.

Sabra Healthcare REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 29th. Investors of record on Friday, August 15th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date of this dividend was Friday, August 15th. Sabra Healthcare REIT’s dividend payout ratio is 157.89%.

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.