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

Employees Retirement System of Texas cut its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Free Report) by 34.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 0.08% of Sabra Health Care REIT worth $3,094,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. VSM Wealth Advisory LLC purchased a new stake in Sabra Health Care REIT in the 4th quarter worth $26,000. Assetmark Inc. grew its position in shares of Sabra Health Care REIT by 33.4% in the fourth quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust's stock valued at $45,000 after purchasing an additional 656 shares during the period. GF Fund Management CO. LTD. purchased a new stake in shares of Sabra Health Care REIT during the fourth quarter worth about $74,000. Jones Financial Companies Lllp increased its stake in shares of Sabra Health Care REIT by 208.3% during the fourth quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 4,204 shares in the last quarter. Finally, FIL Ltd raised its position in shares of Sabra Health Care REIT by 40.4% during 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 during the last quarter. 99.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

SBRA has been the topic of several research analyst reports. Scotiabank lifted their price objective on Sabra Health Care REIT from $18.00 to $19.00 and gave the stock a "sector perform" rating in a report on Monday, May 12th. Truist Financial lifted their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a research note on Tuesday, March 18th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Sabra Health Care REIT presently has a consensus rating of "Moderate Buy" and a consensus price target of $19.50.

Insider Transactions at Sabra Health Care REIT

In other Sabra Health Care REIT news, Director Michael J. Foster sold 11,000 shares of the business's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $18.22, for a total value of $200,420.00. Following the sale, the director now owns 64,725 shares of the company's stock, valued at $1,179,289.50. The trade was a 14.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company's stock.

Sabra Health Care REIT Price Performance

NASDAQ SBRA traded up $0.07 during trading hours on Friday, hitting $17.49. 2,221,737 shares of the company's stock traded hands, compared to its average volume of 2,220,042. The company has a market capitalization of $4.16 billion, a PE ratio of 33.00, a PEG ratio of 1.97 and a beta of 0.88. The company has a debt-to-equity ratio of 0.88, a current ratio of 4.32 and a quick ratio of 4.16. Sabra Health Care REIT, Inc. has a 52-week low of $13.87 and a 52-week high of $20.03. The firm's 50-day moving average is $17.54 and its 200-day moving average is $17.33.

Sabra Health Care REIT (NASDAQ:SBRA - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.36 by $0.01. The business had revenue of $183.54 million for the quarter, compared to analyst estimates of $180.23 million. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The business's revenue was up 10.1% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. Equities analysts forecast that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date of this dividend was Friday, May 16th. Sabra Health Care REIT's dividend payout ratio is currently 203.39%.

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.