Employees Retirement System of Texas Has $3.09 Million Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Employees Retirement System of Texas cut its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 34.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 178,630 shares of the real estate investment trust’s stock after selling 92,000 shares during the period. Employees Retirement System of Texas owned 0.08% of Sabra Health Care REIT worth $3,094,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SBRA. VSM Wealth Advisory LLC acquired a new position in Sabra Health Care REIT in the 4th quarter valued at about $26,000. Assetmark Inc. grew its stake 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 last quarter. GF Fund Management CO. LTD. acquired a new position in Sabra Health Care REIT in the 4th quarter valued at about $74,000. Jones Financial Companies Lllp grew its stake in Sabra Health Care REIT by 208.3% in the 4th quarter. Jones Financial Companies Lllp now owns 6,222 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 4,204 shares during the last quarter. Finally, FIL Ltd grew its stake in Sabra Health Care REIT by 40.4% in the 4th quarter. FIL Ltd now owns 6,512 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 1,873 shares during the last quarter. 99.40% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Sabra Health Care REIT

In other news, Director Michael J. Foster sold 11,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $18.22, for a total transaction of $200,420.00. Following the completion of the sale, the director now owns 64,725 shares of the company’s stock, valued at approximately $1,179,289.50. This represents a 14.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by insiders.

Sabra Health Care REIT Stock Performance

Shares of NASDAQ:SBRA opened at $17.44 on Tuesday. The company’s 50 day moving average price is $17.52 and its two-hundred day moving average price is $17.36. Sabra Health Care REIT, Inc. has a 12-month low of $13.87 and a 12-month high of $20.03. The firm has a market cap of $4.15 billion, a PE ratio of 32.91, a PEG ratio of 1.97 and a beta of 0.88. 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 earnings results on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The firm had revenue of $183.54 million for the quarter, compared to analyst estimates of $180.23 million. During the same quarter in the prior year, the business posted $0.35 EPS. The business’s revenue was up 10.1% compared to the same quarter last year. Equities research analysts predict that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Health Care REIT Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 30th. Stockholders of record on Friday, May 16th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date of this dividend is Friday, May 16th. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 203.39%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SBRA shares. Scotiabank upped their price target on shares of Sabra Health Care REIT from $18.00 to $19.00 and gave the company a “sector perform” rating in a research note on Monday, May 12th. Truist Financial upped their price target on shares of 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 analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

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.