Police & Firemen s Retirement System of New Jersey Acquires 3,553 Shares of Sabra Healthcare REIT, Inc. $SBRA

Police & Firemen s Retirement System of New Jersey raised its holdings in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 7.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 54,580 shares of the real estate investment trust’s stock after acquiring an additional 3,553 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Sabra Healthcare REIT were worth $1,006,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SBRA. SVB Wealth LLC acquired a new stake in shares of Sabra Healthcare REIT during the first quarter worth $34,000. Wealth Preservation Advisors LLC bought a new position in Sabra Healthcare REIT during the first quarter worth about $38,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Sabra Healthcare REIT by 61.2% during 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 buying an additional 1,065 shares during the period. Anchor Investment Management LLC bought a new stake in shares of Sabra Healthcare REIT in the 1st quarter valued at about $58,000. Finally, Assetmark Inc. increased its stake in shares of 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 valued at $63,000 after acquiring an additional 989 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Sabra Healthcare REIT Trading Up 1.0%

Shares of NASDAQ:SBRA opened at $18.73 on Friday. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 24.65, a PEG ratio of 1.10 and a beta of 0.84. Sabra Healthcare REIT, Inc. has a 12 month low of $15.60 and a 12 month high of $19.97. The company’s fifty day simple moving average is $18.34 and its 200 day simple moving average is $18.35. The company has a quick ratio of 4.80, a current ratio of 4.80 and a debt-to-equity ratio of 0.91.

Sabra Healthcare REIT (NASDAQ:SBRA) last released its earnings results on Wednesday, November 5th. The real estate investment trust reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.01. Sabra Healthcare REIT had a return on equity of 6.69% and a net margin of 24.87%.The firm had revenue of $190.04 million during the quarter, compared to analysts’ expectations of $193.44 million. During the same quarter in the prior year, the company earned $0.37 EPS. The company’s revenue was up 6.7% on a year-over-year basis. Sabra Healthcare REIT has set its FY 2025 guidance at 1.455-1.465 EPS. As a group, research analysts forecast that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Healthcare REIT Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Monday, November 17th will be given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.4%. The ex-dividend date of this dividend is Monday, November 17th. Sabra Healthcare REIT’s dividend payout ratio (DPR) is currently 166.67%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SBRA shares. Wells Fargo & Company reduced their price objective on shares of Sabra Healthcare REIT from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 21st. BMO Capital Markets boosted their price target on shares of Sabra Healthcare REIT from $19.00 to $22.00 and gave the company a “market perform” rating in a report on Monday, August 25th. Cantor Fitzgerald started coverage on shares of Sabra Healthcare REIT in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 price objective for the company. JMP Securities lifted their target price on Sabra Healthcare REIT from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Wednesday, August 6th. Finally, UBS Group assumed coverage on Sabra Healthcare REIT in a research note on Tuesday, November 18th. They issued a “neutral” rating and a $20.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $20.67.

About Sabra Healthcare 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.