Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.23 Million Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 40.1% in the 4th quarter, HoldingsChannel reports. The fund owned 128,608 shares of the real estate investment trust’s stock after purchasing an additional 36,792 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Sabra Health Care REIT were worth $2,227,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. VSM Wealth Advisory LLC bought a new stake in shares of Sabra Health Care REIT during the fourth quarter valued at approximately $26,000. Quarry LP acquired a new stake in Sabra Health Care REIT during the third quarter worth $30,000. Assetmark Inc. increased its holdings in Sabra Health Care REIT by 33.4% in the 4th quarter. Assetmark Inc. now owns 2,618 shares of the real estate investment trust’s stock valued at $45,000 after buying an additional 656 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in shares of Sabra Health Care REIT in the 3rd quarter valued at $59,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Sabra Health Care REIT by 208.3% during the 4th quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 4,204 shares during the period. Institutional investors own 99.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SBRA. JMP Securities raised shares of 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 research note on Tuesday, January 7th. Mizuho reiterated a “neutral” rating and issued a $20.00 price objective on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. Finally, Truist Financial boosted their price target on Sabra Health Care REIT from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Sabra Health Care REIT has a consensus rating of “Moderate Buy” and an average target price of $19.33.

Sabra Health Care REIT Stock Up 0.5 %

Shares of SBRA opened at $17.35 on Tuesday. The business’s 50 day simple moving average is $16.80 and its 200-day simple moving average is $17.68. Sabra Health Care REIT, Inc. has a one year low of $13.31 and a one year high of $20.03. The company has a market capitalization of $4.13 billion, a P/E ratio of 32.74, a PEG ratio of 1.97 and a beta of 1.27. 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 (NASDAQ:SBRA) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, hitting 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 analyst estimates of $178.01 million. As a group, sell-side analysts predict that Sabra Health Care REIT, Inc. will post 1.45 EPS for the current fiscal year.

Sabra Health Care REIT Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 6.92%. The ex-dividend date was Friday, February 14th. Sabra Health Care REIT’s payout ratio is presently 226.42%.

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.