Louisiana State Employees Retirement System Sells 1,000 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Louisiana State Employees Retirement System decreased its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 1.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,500 shares of the real estate investment trust’s stock after selling 1,000 shares during the period. Louisiana State Employees Retirement System’s holdings in Sabra Health Care REIT were worth $1,009,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue increased its holdings in Sabra Health Care REIT by 0.6% in the 1st quarter. State of Alaska Department of Revenue now owns 135,087 shares of the real estate investment trust’s stock worth $1,993,000 after buying an additional 755 shares in the last quarter. Retirement Systems of Alabama raised its holdings in shares of Sabra Health Care REIT by 0.3% during the first quarter. Retirement Systems of Alabama now owns 290,353 shares of the real estate investment trust’s stock valued at $4,289,000 after purchasing an additional 761 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Sabra Health Care REIT by 0.6% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 136,667 shares of the real estate investment trust’s stock valued at $1,931,000 after purchasing an additional 825 shares during the period. Parallel Advisors LLC boosted its holdings in Sabra Health Care REIT by 5.4% in the fourth quarter. Parallel Advisors LLC now owns 17,655 shares of the real estate investment trust’s stock worth $252,000 after purchasing an additional 906 shares during the last quarter. Finally, Global Retirement Partners LLC grew its position in Sabra Health Care REIT by 5.0% in the 1st quarter. Global Retirement Partners LLC now owns 19,412 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 923 shares during the period. 99.40% of the stock is owned by institutional investors.

Sabra Health Care REIT Stock Performance

NASDAQ:SBRA opened at $16.78 on Wednesday. The stock has a 50-day simple moving average of $15.95 and a two-hundred day simple moving average of $14.79. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.27 and a current ratio of 4.27. Sabra Health Care REIT, Inc. has a 52-week low of $12.10 and a 52-week high of $16.94. The firm has a market capitalization of $3.93 billion, a PE ratio of 83.90, a P/E/G ratio of 2.34 and a beta of 1.24.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.24). Sabra Health Care REIT had a net margin of 7.83% and a return on equity of 1.87%. The company had revenue of $176.14 million for the quarter, compared to the consensus estimate of $166.54 million. During the same quarter last year, the firm posted $0.34 earnings per share. The company’s revenue was up 9.3% compared to the same quarter last year. Analysts forecast that Sabra Health Care REIT, Inc. will post 1.37 EPS for the current year.

Sabra Health Care REIT Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 19th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.15%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 600.00%.

Wall Street Analysts Forecast Growth

SBRA has been the topic of a number of research reports. Scotiabank raised their price target on Sabra Health Care REIT from $15.00 to $17.00 and gave the stock a “sector perform” rating in a research note on Monday. Truist Financial boosted their price target on Sabra Health Care REIT from $15.00 to $16.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $16.60.

About Sabra Health Care REIT

As of September 30, 2023, Sabra's investment portfolio included 377 real estate properties held for investment (consisting of (i) 240 Skilled Nursing/Transitional Care facilities, (ii) 43 senior housing communities (Senior Housing – Leased), (iii) 61 senior housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed), (iv) 18 Behavioral Health facilities and (v) 15 Specialty Hospitals and Other facilities), 12 investments in loans receivable (consisting of two mortgage loans and 10 other loans), five preferred equity investments and two investments in unconsolidated joint ventures.