Commonwealth of Pennsylvania Public School Empls Retrmt SYS Purchases 36,792 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 40.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 128,608 shares of the real estate investment trust's stock after purchasing an additional 36,792 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.05% of Sabra Health Care REIT worth $2,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in Sabra Health Care REIT by 222.4% during the third quarter. JPMorgan Chase & Co. now owns 9,886,917 shares of the real estate investment trust's stock worth $183,996,000 after buying an additional 6,819,919 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Sabra Health Care REIT by 736.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,396,835 shares of the real estate investment trust's stock valued at $44,605,000 after acquiring an additional 2,110,307 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Sabra Health Care REIT by 324.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,404,576 shares of the real estate investment trust's stock valued at $26,139,000 after acquiring an additional 1,073,530 shares during the period. Thrivent Financial for Lutherans raised its position in Sabra Health Care REIT by 95.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 1,816,217 shares of the real estate investment trust's stock worth $31,457,000 after purchasing an additional 888,908 shares in the last quarter. Finally, FMR LLC lifted its stake in Sabra Health Care REIT by 89.7% during the third 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 during the period. Institutional investors own 99.40% of the company's stock.

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Analyst Ratings Changes

Several research firms have recently weighed in on SBRA. Mizuho reiterated a "neutral" rating and issued a $20.00 price objective on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Citizens Jmp upgraded 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 report on Tuesday, January 7th. Finally, Truist Financial upped 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 report on Tuesday, March 18th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.33.

Sabra Health Care REIT Price Performance

Shares of SBRA stock traded up $0.12 during trading hours on Thursday, hitting $17.38. 1,679,051 shares of the company's stock were exchanged, compared to its average volume of 1,983,061. 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 cap of $4.13 billion, a price-to-earnings ratio of 32.79, a price-to-earnings-growth ratio of 1.97 and a beta of 1.27. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. The stock's 50-day moving average is $16.82 and its 200-day moving average is $17.67.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting 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 for the quarter, compared to analyst estimates of $178.01 million. As a group, research analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.90%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT's dividend payout ratio (DPR) is presently 226.42%.

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.