Oregon Public Employees Retirement Fund Buys 800 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Oregon Public Employees Retirement Fund lifted its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 1.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 48,185 shares of the real estate investment trust’s stock after purchasing an additional 800 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Sabra Health Care REIT were worth $835,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Rockefeller Capital Management L.P. boosted its position in Sabra Health Care REIT by 4.5% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 15,369 shares of the real estate investment trust’s stock worth $286,000 after acquiring an additional 655 shares during the last quarter. Janney Montgomery Scott LLC raised its stake in Sabra Health Care REIT by 0.4% in the 4th quarter. Janney Montgomery Scott LLC now owns 177,161 shares of the real estate investment trust’s stock valued at $3,068,000 after acquiring an additional 763 shares during the period. Louisiana State Employees Retirement System raised its stake in Sabra Health Care REIT by 1.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 65,700 shares of the real estate investment trust’s stock valued at $1,138,000 after acquiring an additional 800 shares during the period. Inspire Investing LLC increased its position in Sabra Health Care REIT by 4.5% during the 4th quarter. Inspire Investing LLC now owns 23,152 shares of the real estate investment trust’s stock worth $401,000 after buying an additional 992 shares during the period. Finally, Custom Index Systems LLC increased its position in Sabra Health Care REIT by 4.0% during the 4th quarter. Custom Index Systems LLC now owns 26,225 shares of the real estate investment trust’s stock worth $454,000 after buying an additional 1,005 shares during the period. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. JMP Securities raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a report on Tuesday, January 7th. Truist Financial lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating and cut their price target for the company from $18.00 to $17.00 in a research note on Friday, January 17th. Citizens Jmp raised Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, Mizuho restated a “neutral” rating and set a $20.00 price objective on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $19.17.

Sabra Health Care REIT Stock Performance

NASDAQ:SBRA opened at $16.61 on Friday. The business’s 50-day moving average price is $16.77 and its two-hundred day moving average price is $17.62. Sabra Health Care REIT, Inc. has a twelve month low of $13.31 and a twelve month high of $20.03. The stock has a market cap of $3.95 billion, a P/E ratio of 31.34, a PEG ratio of 1.97 and a beta of 1.25. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.36. Sabra Health Care REIT had a return on equity of 4.60% and a net margin of 18.02%. The company had revenue of $182.35 million for the quarter, compared to analysts’ expectations of $178.01 million. As a group, equities analysts predict that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given a $0.30 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.22%. Sabra Health Care REIT’s dividend payout ratio is currently 226.42%.

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.