New York State Teachers Retirement System Increases Position in Sabra Healthcare REIT, Inc. $SBRA

New York State Teachers Retirement System raised its holdings in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 2.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 328,474 shares of the real estate investment trust’s stock after buying an additional 6,827 shares during the period. New York State Teachers Retirement System owned about 0.14% of Sabra Healthcare REIT worth $6,057,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Sequoia Financial Advisors LLC purchased a new stake in Sabra Healthcare REIT during the second quarter valued at about $449,000. CWM LLC raised its stake in shares of Sabra Healthcare REIT by 22.8% during the second quarter. CWM LLC now owns 15,945 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 2,960 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Sabra Healthcare REIT by 23.5% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 26,204 shares of the real estate investment trust’s stock valued at $483,000 after acquiring an additional 4,991 shares during the last quarter. Asset Planning Inc raised its stake in shares of Sabra Healthcare REIT by 8.0% during the second quarter. Asset Planning Inc now owns 20,176 shares of the real estate investment trust’s stock valued at $372,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Inspire Investing LLC raised its stake in shares of Sabra Healthcare REIT by 7.9% during the second quarter. Inspire Investing LLC now owns 21,246 shares of the real estate investment trust’s stock valued at $392,000 after acquiring an additional 1,563 shares during the last quarter. 99.40% of the stock is currently owned by hedge funds and other institutional investors.

Sabra Healthcare REIT Trading Up 1.7%

Shares of Sabra Healthcare REIT stock opened at $18.43 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.80 and a quick ratio of 4.80. Sabra Healthcare REIT, Inc. has a 1-year low of $15.60 and a 1-year high of $20.03. The company’s fifty day simple moving average is $18.68 and its 200-day simple moving average is $18.20. The stock has a market capitalization of $4.42 billion, a PE ratio of 24.25, a P/E/G ratio of 1.22 and a beta of 0.85.

Sabra Healthcare REIT (NASDAQ:SBRA) last released its earnings results on Monday, August 4th. The real estate investment trust reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.02. Sabra Healthcare REIT had a net margin of 24.87% and a return on equity of 6.69%. The company had revenue of $189.15 million for the quarter, compared to analysts’ expectations of $185.64 million. During the same quarter in the previous year, the company earned $0.36 EPS. Sabra Healthcare REIT’s revenue for the quarter was up 7.4% on a year-over-year basis. Sabra Healthcare REIT has set its FY 2025 guidance at 1.450-1.470 EPS. As a group, equities analysts anticipate that Sabra Healthcare REIT, Inc. will post 1.45 earnings per share for the current year.

Sabra Healthcare REIT Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Truist Financial increased 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 reissued a “buy (b)” rating on shares of Sabra Healthcare REIT in a research note on Wednesday, October 8th. JMP Securities increased their price target on shares of Sabra Healthcare REIT from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Wednesday, August 6th. Scotiabank increased 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. Finally, Cantor Fitzgerald assumed coverage on shares of Sabra Healthcare REIT in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $20.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.88.

Sabra Healthcare 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.