Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Sold by Employees Retirement System of Texas

Employees Retirement System of Texas cut its holdings in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 34.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 178,630 shares of the real estate investment trust's stock after selling 92,000 shares during the period. Employees Retirement System of Texas owned about 0.08% of Sabra Health Care REIT worth $3,094,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC acquired a new position in shares of Sabra Health Care REIT in the 4th quarter valued at about $26,000. Assetmark Inc. raised its position in Sabra Health Care REIT by 33.4% during the fourth quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock valued at $45,000 after acquiring an additional 656 shares in the last quarter. GF Fund Management CO. LTD. purchased a new position in Sabra Health Care REIT during the fourth quarter valued at approximately $74,000. Jones Financial Companies Lllp lifted 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 valued at $108,000 after acquiring an additional 4,204 shares during the period. Finally, FIL Ltd boosted its position in Sabra Health Care REIT by 40.4% in the 4th quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust's stock worth $113,000 after purchasing an additional 1,873 shares in the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Sabra Health Care REIT

In related news, Director Michael J. Foster sold 11,000 shares of the firm's stock in a transaction dated Tuesday, May 20th. The shares were sold at an average price of $18.22, for a total value of $200,420.00. Following the transaction, the director now directly owns 64,725 shares of the company's stock, valued at approximately $1,179,289.50. This trade represents a 14.53% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

Analyst Ratings Changes

Several research firms have recently weighed in on SBRA. Truist Financial lifted their target price on shares of Sabra Health Care REIT from $17.00 to $18.00 and gave the company a "hold" rating in a report on Tuesday, March 18th. Scotiabank raised their price target on shares of Sabra Health Care REIT from $18.00 to $19.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sabra Health Care REIT presently has an average rating of "Moderate Buy" and a consensus target price of $19.50.

Sabra Health Care REIT Price Performance

Shares of Sabra Health Care REIT stock traded up $0.07 on Friday, reaching $17.49. The company's stock had a trading volume of 2,221,682 shares, compared to its average volume of 2,214,672. 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 has a market capitalization of $4.16 billion, a P/E ratio of 33.00, a PEG ratio of 1.97 and a beta of 0.88. The stock has a 50-day moving average price of $17.53 and a 200-day moving average price of $17.34. Sabra Health Care REIT, Inc. has a 52-week low of $13.87 and a 52-week high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. The firm had revenue of $183.54 million for the quarter, compared to analysts' expectations of $180.23 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The firm's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.35 EPS. Analysts expect 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 announced a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be paid a dividend of $0.30 per share. The ex-dividend date is Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.86%. Sabra Health Care REIT's dividend payout ratio is currently 203.39%.

Sabra Health Care REIT Company 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.