Teacher Retirement System of Texas Sells 66,220 Shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA)

Teacher Retirement System of Texas trimmed its position in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) by 55.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,219 shares of the real estate investment trust's stock after selling 66,220 shares during the quarter. Teacher Retirement System of Texas' holdings in Sabra Healthcare REIT were worth $912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. VSM Wealth Advisory LLC purchased a new stake in shares of Sabra Healthcare REIT in the 4th quarter worth $26,000. UMB Bank n.a. increased its stake in shares of Sabra Healthcare REIT by 379.6% in the 1st quarter. UMB Bank n.a. now owns 2,048 shares of the real estate investment trust's stock worth $36,000 after purchasing an additional 1,621 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Sabra Healthcare REIT by 110.3% in the 1st quarter. Fifth Third Bancorp now owns 3,835 shares of the real estate investment trust's stock worth $67,000 after purchasing an additional 2,011 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Sabra Healthcare REIT in the 4th quarter worth $74,000. Finally, Harbor Capital Advisors Inc. increased its stake in shares of Sabra Healthcare REIT by 17.2% in the 1st quarter. Harbor Capital Advisors Inc. now owns 4,377 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 642 shares in the last quarter. 99.40% of the stock is owned by institutional investors.

Sabra Healthcare REIT Price Performance

SBRA stock traded down $0.15 during trading on Wednesday, reaching $18.26. The company's stock had a trading volume of 2,533,154 shares, compared to its average volume of 2,306,385. The company has a market capitalization of $4.34 billion, a P/E ratio of 30.95, a price-to-earnings-growth ratio of 1.53 and a beta of 0.85. The company's fifty day moving average is $18.04 and its 200-day moving average is $17.40. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.89. Sabra Healthcare REIT, Inc. has a 1 year low of $15.60 and a 1 year high of $20.03.

Sabra Healthcare REIT (NASDAQ:SBRA - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $0.37 EPS for the quarter, beating analysts' consensus estimates of $0.36 by $0.01. Sabra Healthcare REIT had a return on equity of 5.14% and a net margin of 19.55%. The company had revenue of $183.54 million during the quarter, compared to analyst estimates of $180.23 million. During the same period in the prior year, the company earned $0.35 earnings per share. The firm's revenue was up 10.1% on a year-over-year basis. On average, research analysts expect that Sabra Healthcare REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Sabra Healthcare REIT Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Friday, May 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, May 16th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.57%. Sabra Healthcare REIT's dividend payout ratio is currently 203.39%.

Insider Activity at Sabra Healthcare REIT

In other news, Director Michael J. Foster sold 11,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $18.22, for a total transaction of $200,420.00. Following the completion of the transaction, the director directly owned 64,725 shares in the company, valued at approximately $1,179,289.50. This represents a 14.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on SBRA shares. Truist Financial upped their price objective on Sabra Healthcare REIT from $17.00 to $18.00 and gave the stock a "hold" rating in a research note on Tuesday, March 18th. Scotiabank increased their price target on Sabra Healthcare REIT from $19.00 to $20.00 and gave the stock a "sector perform" rating in a research note on Monday, June 23rd. Three research 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $19.67.

Sabra Healthcare 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.