79,800 Sabra Healthcare REIT, Inc. $SBRA Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems reduced its Sabra Healthcare REIT position by 25.8%, selling 79,800 shares and retaining 230,053 shares valued at approximately $4.54 million. Institutional investors collectively own 99.4% of SBRA.
• Analyst sentiment remains moderately positive, with seven Buy and seven Hold ratings and an average price target of $21.50; targets ranged from $21 to $25 in recent updates.
• SBRA opened at $19.74, within its 12-month range of $17.27 to $22.77. The latest quarter missed EPS expectations, though revenue rose 24.7% year over year to $230.11 million.

VIRGINIA RETIREMENT SYSTEMS ET Al decreased its position in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) by 25.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 230,053 shares of the real estate investment trust's stock after selling 79,800 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.09% of Sabra Healthcare REIT worth $4,537,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nissay Asset Management Corp Japan increased its holdings in Sabra Healthcare REIT by 1.5% in 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 during the period. Versant Capital Management Inc lifted its holdings in shares of Sabra Healthcare REIT by 70.0% during the 2nd quarter. Versant Capital Management Inc now owns 1,465 shares of the real estate investment trust's stock worth $29,000 after acquiring an additional 603 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Sabra Healthcare REIT by 7.9% during the 3rd quarter. GAMMA Investing LLC now owns 9,927 shares of the real estate investment trust's stock worth $196,000 after acquiring an additional 724 shares during the period. Anchor Investment Management LLC lifted its holdings in shares of Sabra Healthcare REIT by 17.8% during the 2nd quarter. Anchor Investment Management LLC now owns 4,877 shares of the real estate investment trust's stock worth $95,000 after acquiring an additional 737 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Sabra Healthcare REIT by 21.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 4,708 shares of the real estate investment trust's stock worth $91,000 after acquiring an additional 817 shares in the last quarter. Institutional investors own 99.40% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SBRA shares. Weiss Ratings cut shares of Sabra Healthcare REIT from a "hold (c+)" rating to a "hold (c)" rating in a research note on Thursday, October 8th. Citizens Jmp upped their target price on Sabra Healthcare REIT from $23.00 to $25.00 and gave the stock a "market outperform" rating in a research note on Wednesday, July 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Sabra Healthcare REIT in a report on Wednesday, July 22nd. Mizuho set a $21.00 target price on Sabra Healthcare REIT in a report on Monday, August 31st. Finally, Barclays decreased their price target on Sabra Healthcare REIT from $23.00 to $21.00 and set an "equal weight" rating on the stock in a research note on Tuesday, October 13th. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $21.50.

Sabra Healthcare REIT Price Performance

SBRA stock opened at $19.74 on Monday. The stock has a market capitalization of $5.04 billion, a P/E ratio of 75.93, a price-to-earnings-growth ratio of 1.79 and a beta of 0.63. The company has a current ratio of 3.07, a quick ratio of 3.07 and a debt-to-equity ratio of 0.95. Sabra Healthcare REIT, Inc. has a 12 month low of $17.27 and a 12 month high of $22.77. The firm has a 50-day moving average price of $19.87 and a 200-day moving average price of $19.96.

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

Insider Buying and Selling

In other Sabra Healthcare REIT news, CEO Richard Matros sold 200,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $20.83, for a total value of $4,166,000.00. Following the sale, the chief executive officer owned 1,657,686 shares in the company, valued at $34,529,599.38. This trade represents a 10.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.09% of the stock is currently owned by insiders.

Sabra Healthcare REIT Company Profile

Sabra Healthcare REIT, Inc is a self-managed real estate investment trust that owns and invests in healthcare-related real estate. The company focuses primarily on properties used for skilled nursing and transitional care, senior housing, behavioral health, specialty hospitals and other healthcare services.

Sabra leases properties to healthcare operators and also provides capital through loans, joint ventures and other real estate investments. Its portfolio is designed to support a range of care settings, including facilities serving seniors, patients requiring rehabilitation and individuals receiving behavioral healthcare.

Founded in 2010 and headquartered in Irvine, California, Sabra has expanded through acquisitions, development investments and strategic transactions, including its 2017 combination with Care Capital Properties.

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