Arizona State Retirement System Sells 1,192 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Arizona State Retirement System trimmed its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 1.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 64,636 shares of the real estate investment trust’s stock after selling 1,192 shares during the period. Arizona State Retirement System’s holdings in Sabra Health Care REIT were worth $922,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. CWM LLC boosted its position in Sabra Health Care REIT by 363.5% in the 3rd quarter. CWM LLC now owns 1,780 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 1,396 shares during the period. RVW Wealth LLC purchased a new stake in Sabra Health Care REIT in the 3rd quarter valued at about $30,000. Point72 Hong Kong Ltd purchased a new stake in Sabra Health Care REIT in the 2nd quarter valued at about $31,000. Chilton Capital Management LLC purchased a new stake in Sabra Health Care REIT in the 1st quarter valued at about $26,000. Finally, Signaturefd LLC boosted its position in Sabra Health Care REIT by 45.2% in the 3rd quarter. Signaturefd LLC now owns 2,610 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 813 shares during the period. 99.40% of the stock is owned by hedge funds and other institutional investors.

Sabra Health Care REIT Trading Down 0.7 %

NASDAQ SBRA opened at $13.60 on Wednesday. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.86. The firm has a market cap of $3.15 billion, a PE ratio of 272.00, a price-to-earnings-growth ratio of 4.94 and a beta of 1.16. The company has a 50 day moving average price of $14.05 and a 200 day moving average price of $14.05. Sabra Health Care REIT, Inc. has a 52 week low of $10.30 and a 52 week high of $14.91.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 29th. Investors of record on Tuesday, February 13th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Monday, February 12th. This represents a $1.20 annualized dividend and a dividend yield of 8.82%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 2,400.00%.

Wall Street Analysts Forecast Growth

SBRA has been the subject of several research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Sabra Health Care REIT in a research report on Tuesday, January 30th. They issued a “buy” rating and a $21.00 price objective for the company. Wedbush reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, February 29th. Finally, Mizuho upped their price target on shares of Sabra Health Care REIT from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $15.54.

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.