California Public Employees Retirement System Has $18.44 Million Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

California Public Employees Retirement System boosted its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 1.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,064,368 shares of the real estate investment trust's stock after purchasing an additional 18,834 shares during the quarter. California Public Employees Retirement System owned about 0.45% of Sabra Health Care REIT worth $18,435,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. VSM Wealth Advisory LLC acquired a new position in shares of Sabra Health Care REIT in the 4th quarter valued at $26,000. Quarry LP bought a new stake in shares of Sabra Health Care REIT in the third quarter worth about $30,000. Assetmark Inc. grew its position in shares of Sabra Health Care REIT by 33.4% in the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 656 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Sabra Health Care REIT in the 3rd quarter valued at approximately $59,000. Finally, Jones Financial Companies Lllp increased its stake in Sabra Health Care REIT by 208.3% during the 4th quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 4,204 shares in the last quarter. Institutional investors and hedge funds own 99.40% of the company's stock.

Sabra Health Care REIT Stock Performance

SBRA stock traded up $0.56 during trading hours on Wednesday, reaching $16.93. The stock had a trading volume of 4,276,309 shares, compared to its average volume of 2,123,377. The stock has a market capitalization of $4.03 billion, a PE ratio of 31.94, a price-to-earnings-growth ratio of 1.97 and a beta of 0.93. The stock has a 50-day simple moving average of $16.86 and a 200 day simple moving average of $17.57. Sabra Health Care REIT, Inc. has a fifty-two week low of $13.31 and a fifty-two week high of $20.03. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16.

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

Sabra Health Care REIT Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 7.09%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT's payout ratio is 226.42%.

Analysts Set New Price Targets

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

Sabra Health Care REIT Company 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.