309,853 Shares in Sabra Healthcare REIT, Inc. $SBRA Purchased by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems acquired 309,853 shares of Sabra Healthcare REIT worth approximately $6.05 million, representing 0.12% of the company. Institutional investors collectively own 99.40% of SBRA.
• Sabra reported quarterly revenue of $230.11 million, up 24.7% year over year and above estimates, but posted EPS of negative $0.10, missing consensus by $0.27.
• The company paid a quarterly dividend of $0.30 per share, equivalent to an annualized $1.20 payout and a 5.8% yield. Analysts maintain a consensus “Hold” rating with an average price target of $22.17, compared with a share price of $20.81.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 309,853 shares of the real estate investment trust's stock, valued at approximately $6,045,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.12% of Sabra Healthcare REIT as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in SBRA. PNC Financial Services Group Inc. boosted its position in shares of Sabra Healthcare REIT by 2.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 23,807 shares of the real estate investment trust's stock worth $451,000 after purchasing an additional 528 shares in the last quarter. Larson Financial Group LLC increased its position in Sabra Healthcare REIT by 42.3% during the 3rd quarter. Larson Financial Group LLC now owns 1,860 shares of the real estate investment trust's stock valued at $35,000 after buying an additional 553 shares in the last quarter. Inspire Investing LLC increased its position in Sabra Healthcare REIT by 2.3% during the 4th quarter. Inspire Investing LLC now owns 24,747 shares of the real estate investment trust's stock valued at $469,000 after buying an additional 565 shares in the last quarter. Nissay Asset Management Corp Japan increased its position in Sabra Healthcare REIT by 1.5% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 38,957 shares of the real estate investment trust's stock valued at $760,000 after buying an additional 585 shares in the last quarter. Finally, Natixis Advisors LLC raised its stake in Sabra Healthcare REIT by 2.2% during the third quarter. Natixis Advisors LLC now owns 27,664 shares of the real estate investment trust's stock valued at $516,000 after buying an additional 598 shares during the last quarter. Institutional investors own 99.40% of the company's stock.

Sabra Healthcare REIT Stock Up 0.1%

Shares of Sabra Healthcare REIT stock opened at $20.81 on Wednesday. Sabra Healthcare REIT, Inc. has a twelve month low of $17.17 and a twelve month high of $22.77. The company has a quick ratio of 3.07, a current ratio of 3.07 and a debt-to-equity ratio of 0.95. The company's 50 day moving average is $20.66 and its 200 day moving average is $20.20. The company has a market cap of $5.32 billion, a price-to-earnings ratio of 80.04, a price-to-earnings-growth ratio of 1.58 and a beta of 0.65.

Sabra Healthcare REIT (NASDAQ:SBRA - Get Free Report) last posted its earnings results on Monday, August 3rd. The real estate investment trust reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.27). Sabra Healthcare REIT had a return on equity of 2.34% and a net margin of 7.61%.The company had revenue of $230.11 million during the quarter, compared to the consensus estimate of $219.39 million. During the same period last year, the firm posted $0.38 EPS. The company's revenue for the quarter was up 24.7% on a year-over-year basis. Research analysts anticipate that Sabra Healthcare REIT, Inc. will post 1.52 EPS for the current year.

Sabra Healthcare REIT Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Friday, August 14th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 5.8%. Sabra Healthcare REIT's dividend payout ratio is presently 461.54%.

Wall Street Analysts Forecast Growth

SBRA has been the topic of several analyst reports. Raymond James Financial raised Sabra Healthcare REIT from an "underperform" rating to a "market perform" rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Sabra Healthcare REIT in a report on Wednesday, July 22nd. Wall Street Zen raised Sabra Healthcare REIT from a "sell" rating to a "hold" rating in a research report on Sunday, June 28th. Truist Financial upped their price target on shares of Sabra Healthcare REIT from $22.00 to $24.00 and gave the stock a "buy" rating in a research note on Wednesday, July 22nd. Finally, Scotiabank cut their price objective on shares of Sabra Healthcare REIT from $22.00 to $19.00 and set a "sector perform" rating on the stock in a research report on Thursday, June 18th. Six research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $22.17.

Sabra Healthcare REIT Company Profile

Sabra Healthcare REIT, Inc NASDAQ: SBRA is a real estate investment trust that acquires, owns and operates net‐lease healthcare properties. Its diversified portfolio spans senior housing communities, skilled nursing and rehabilitation centers, outpatient medical facilities, medical office buildings, hospitals and life science properties. Sabra structures long‐term, triple‐net lease agreements with healthcare operators, providing stable rental income streams while allowing tenants to focus on patient care and operational excellence.

Serving a broad spectrum of care segments, Sabra's tenants include both regional and national providers of assisted living, independent living, memory care, post‐acute rehabilitation and research and development laboratories.

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