VIRGINIA RETIREMENT SYSTEMS ET Al Buys New Shares in Sabra Healthcare REIT, Inc. $SBRA

Key Points

• Virginia Retirement Systems acquired 382,200 shares of Sabra Healthcare REIT valued at approximately $7 million, now owning 0.16% of the company.
• Sabra Healthcare REIT reported Q2 earnings with an EPS of $0.38, beating expectations, and plans to maintain a FY 2025 EPS guidance of $1.450-$1.470.
• The company announced a quarterly dividend of $0.30, yielding 6.5%, with a dividend payout ratio of 157.89% as of August 29th.

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 382,200 shares of the real estate investment trust's stock, valued at approximately $7,048,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.16% of Sabra Healthcare REIT as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SBRA. SVB Wealth LLC purchased a new stake in Sabra Healthcare REIT in the 1st quarter worth $34,000. Wealth Preservation Advisors LLC purchased a new stake in Sabra Healthcare REIT in the 1st quarter worth $38,000. Northwestern Mutual Wealth Management Co. lifted its stake in Sabra Healthcare REIT by 61.2% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,806 shares of the real estate investment trust's stock worth $49,000 after purchasing an additional 1,065 shares in the last quarter. Anchor Investment Management LLC purchased a new stake in Sabra Healthcare REIT in the 1st quarter worth $58,000. Finally, Assetmark Inc. lifted its stake in Sabra Healthcare REIT by 37.8% in the 1st quarter. Assetmark Inc. now owns 3,607 shares of the real estate investment trust's stock worth $63,000 after purchasing an additional 989 shares in the last quarter. Hedge funds and other institutional investors own 99.40% of the company's stock.

Sabra Healthcare REIT Stock Performance

Shares of NASDAQ:SBRA opened at $18.43 on Tuesday. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 24.25, a PEG ratio of 1.22 and a beta of 0.85. Sabra Healthcare REIT, Inc. has a 12 month low of $15.60 and a 12 month high of $20.03. The firm's 50-day moving average is $18.68 and its 200 day moving average is $18.20. The company has a current ratio of 4.80, a quick ratio of 4.80 and a debt-to-equity ratio of 0.91.

Sabra Healthcare REIT (NASDAQ:SBRA - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The real estate investment trust reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. The company had revenue of $189.15 million for the quarter, compared to the consensus estimate of $185.64 million. Sabra Healthcare REIT had a net margin of 24.87% and a return on equity of 6.69%. The firm's revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.36 EPS. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. Research analysts predict that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current year.

Sabra Healthcare REIT Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date was Friday, August 15th. Sabra Healthcare REIT's dividend payout ratio is currently 157.89%.

Wall Street Analyst Weigh In

Several brokerages have commented on SBRA. Scotiabank boosted their price target on shares of 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. Truist Financial boosted their price target on shares of Sabra Healthcare REIT from $18.00 to $20.00 and gave the stock a "hold" rating in a research note on Tuesday, September 2nd. Weiss Ratings reiterated a "buy (b)" rating on shares of Sabra Healthcare REIT in a research note on Wednesday, October 8th. Wells Fargo & Company upped their target price on shares of Sabra Healthcare REIT from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Finally, JMP Securities upped their target price on shares of Sabra Healthcare REIT from $20.00 to $22.00 and gave the company a "market outperform" rating in a research report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $20.88.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.