California State Teachers Retirement System Grows Position in Sabra Healthcare REIT, Inc. $SBRA

California State Teachers Retirement System boosted its position in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) by 32.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 298,653 shares of the real estate investment trust's stock after purchasing an additional 72,721 shares during the period. California State Teachers Retirement System owned about 0.12% of Sabra Healthcare REIT worth $5,743,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SBRA. Rothschild Investment LLC lifted its stake in Sabra Healthcare REIT by 164.6% in the fourth quarter. Rothschild Investment LLC now owns 1,429 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 889 shares during the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Sabra Healthcare REIT by 97.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,445 shares of the real estate investment trust's stock worth $27,000 after buying an additional 714 shares during the period. Strengthening Families & Communities LLC bought a new stake in shares of Sabra Healthcare REIT during the 4th quarter worth approximately $29,000. Danske Bank A S purchased a new position in Sabra Healthcare REIT during the 3rd quarter valued at $30,000. Finally, Larson Financial Group LLC boosted its holdings 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 acquiring an additional 553 shares during the period. 99.40% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on SBRA shares. Raymond James Financial upgraded Sabra Healthcare REIT from an "underperform" rating to a "market perform" rating in a research report on Thursday. Citizens Jmp raised their price target on shares of 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. Citigroup reaffirmed a "market outperform" rating on shares of Sabra Healthcare REIT in a research note on Wednesday, July 22nd. Wall Street Zen raised shares of Sabra Healthcare REIT from a "sell" rating to a "hold" rating in a research report on Sunday, June 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Sabra Healthcare REIT in a research report on Wednesday, July 22nd. Seven investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat, Sabra Healthcare REIT has an average rating of "Moderate Buy" and a consensus target price of $22.25.

Sabra Healthcare REIT Trading Down 0.8%

Shares of NASDAQ SBRA opened at $20.91 on Friday. Sabra Healthcare REIT, Inc. has a twelve month low of $17.17 and a twelve month high of $22.77. The firm has a market cap of $5.34 billion, a PE ratio of 80.43, a price-to-earnings-growth ratio of 1.63 and a beta of 0.64. The business has a fifty day simple moving average of $19.79 and a two-hundred day simple moving average of $19.97. The company has a quick ratio of 4.72, a current ratio of 3.07 and a debt-to-equity ratio of 0.95.

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) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.27). The firm had revenue of $230.11 million for the quarter, compared to analysts' expectations of $219.39 million. Sabra Healthcare REIT had a net margin of 7.61% and a return on equity of 2.34%. The business's quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.38 EPS. Analysts expect that Sabra Healthcare REIT, Inc. will post 1.51 earnings per share for the current fiscal year.

Sabra Healthcare REIT Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Friday, August 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, August 14th. This represents a $1.20 annualized dividend and a dividend yield of 5.7%. Sabra Healthcare REIT's payout ratio is currently 461.54%.

About Sabra Healthcare REIT

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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