Teacher Retirement System of Texas Acquires 16,475 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Teacher Retirement System of Texas boosted its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 16.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 118,439 shares of the real estate investment trust's stock after purchasing an additional 16,475 shares during the period. Teacher Retirement System of Texas owned about 0.05% of Sabra Health Care REIT worth $2,051,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. VSM Wealth Advisory LLC acquired a new stake in shares of Sabra Health Care REIT in the fourth quarter valued at about $26,000. Quarry LP acquired a new position in shares of Sabra Health Care REIT in the 3rd quarter valued at about $30,000. Assetmark Inc. boosted its position in shares of Sabra Health Care REIT by 33.4% during 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 in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in Sabra Health Care REIT during the third quarter worth approximately $59,000. Finally, Jones Financial Companies Lllp increased its holdings in Sabra Health Care REIT by 208.3% in the fourth 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. 99.40% of the stock is owned by institutional investors.

Sabra Health Care REIT Stock Down 0.4 %

NASDAQ SBRA traded down $0.07 on Monday, reaching $17.47. The company had a trading volume of 1,908,083 shares, compared to its average volume of 2,084,788. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88. The company's fifty day moving average is $16.84 and its 200 day moving average is $17.67. Sabra Health Care REIT, Inc. has a 52-week low of $13.31 and a 52-week high of $20.03. The stock has a market capitalization of $4.16 billion, a P/E ratio of 32.96, a P/E/G ratio of 1.97 and a beta of 1.27.

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Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The company 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 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid 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 6.87%. Sabra Health Care REIT's payout ratio is presently 226.42%.

Wall Street Analyst Weigh In

SBRA has been the subject of several research analyst reports. Citizens Jmp raised shares of Sabra Health Care REIT from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 7th. JMP Securities raised 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 note on Tuesday, January 7th. Truist Financial upped their target price on 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, Mizuho reissued a "neutral" rating and issued a $20.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $19.33.

About Sabra Health Care 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.