Employees Retirement System of Texas Sells 92,000 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Employees Retirement System of Texas reduced its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 34.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 178,630 shares of the real estate investment trust's stock after selling 92,000 shares during the quarter. Employees Retirement System of Texas owned approximately 0.08% of Sabra Health Care REIT worth $30,939,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SBRA. Principal Financial Group Inc. boosted its stake in shares of Sabra Health Care REIT by 0.8% during the 3rd quarter. Principal Financial Group Inc. now owns 21,573,436 shares of the real estate investment trust's stock valued at $401,479,000 after buying an additional 167,069 shares during the period. FMR LLC raised its stake in shares of Sabra Health Care REIT by 89.7% during the 3rd quarter. FMR LLC now owns 1,599,532 shares of the real estate investment trust's stock worth $29,767,000 after purchasing an additional 756,418 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Sabra Health Care REIT by 4.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust's stock valued at $286,000 after buying an additional 655 shares during the last quarter. Captrust Financial Advisors grew its stake in shares of Sabra Health Care REIT by 4.2% in the 3rd quarter. Captrust Financial Advisors now owns 50,617 shares of the real estate investment trust's stock valued at $942,000 after buying an additional 2,041 shares in the last quarter. Finally, HighTower Advisors LLC increased its holdings in Sabra Health Care REIT by 33.3% in the third quarter. HighTower Advisors LLC now owns 29,619 shares of the real estate investment trust's stock worth $547,000 after buying an additional 7,403 shares during the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.

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Sabra Health Care REIT Stock Performance

Sabra Health Care REIT stock traded up $0.08 on Friday, reaching $17.35. 1,696,114 shares of the stock were exchanged, compared to its average volume of 2,125,402. The stock has a market cap of $4.13 billion, a PE ratio of 32.74, a PEG ratio of 1.97 and a beta of 0.93. The firm has a fifty day moving average price of $16.88 and a two-hundred day moving average price of $17.55. Sabra Health Care REIT, Inc. has a twelve month low of $13.31 and a twelve month high of $20.03. The company has a current ratio of 4.32, a quick ratio of 4.16 and a debt-to-equity ratio of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting analysts' consensus estimates of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The firm had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. Sell-side analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.30 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.92%. Sabra Health Care REIT's dividend payout ratio is currently 226.42%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SBRA. Citizens Jmp upgraded shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. Truist Financial increased their target price on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a research report on Tuesday, March 18th. Finally, JMP Securities raised Sabra Health Care REIT from a "market perform" rating to an "outperform" rating and set a $20.00 price target for the company in a research report on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $19.33.

Sabra Health Care 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.