Retirement Systems of Alabama Has $4.13 Million Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Retirement Systems of Alabama increased its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 289,592 shares of the real estate investment trust’s stock after buying an additional 890 shares during the period. Retirement Systems of Alabama’s holdings in Sabra Health Care REIT were worth $4,132,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SBRA. JPMorgan Chase & Co. increased its holdings in Sabra Health Care REIT by 709.0% in the third quarter. JPMorgan Chase & Co. now owns 13,504,420 shares of the real estate investment trust’s stock worth $188,252,000 after buying an additional 11,835,109 shares during the last quarter. American Century Companies Inc. grew its holdings in Sabra Health Care REIT by 41.8% during the third quarter. American Century Companies Inc. now owns 2,109,005 shares of the real estate investment trust’s stock valued at $29,400,000 after purchasing an additional 622,133 shares during the last quarter. LDR Capital Management LLC acquired a new position in Sabra Health Care REIT during the third quarter valued at approximately $7,076,000. abrdn plc grew its holdings in Sabra Health Care REIT by 108.0% during the fourth quarter. abrdn plc now owns 974,350 shares of the real estate investment trust’s stock valued at $13,904,000 after purchasing an additional 506,011 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Sabra Health Care REIT by 1.5% during the third quarter. Principal Financial Group Inc. now owns 21,003,193 shares of the real estate investment trust’s stock valued at $292,783,000 after purchasing an additional 313,517 shares during the last quarter. Institutional investors and hedge funds own 99.40% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on SBRA. Deutsche Bank Aktiengesellschaft began coverage on Sabra Health Care REIT in a report on Tuesday, January 30th. They set a “buy” rating and a $21.00 price target on the stock. Wedbush reiterated an “outperform” rating and set a $17.00 price target on shares of Sabra Health Care REIT in a report on Thursday, February 29th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Sabra Health Care REIT presently has an average rating of “Moderate Buy” and a consensus price target of $15.77.

Sabra Health Care REIT Stock Up 1.8 %

Shares of SBRA stock opened at $14.61 on Tuesday. The stock has a market cap of $3.38 billion, a P/E ratio of 292.20, a price-to-earnings-growth ratio of 5.15 and a beta of 1.17. Sabra Health Care REIT, Inc. has a one year low of $10.30 and a one year high of $14.91. The stock has a fifty day moving average price of $14.10 and a 200 day moving average price of $14.03. The company has a debt-to-equity ratio of 0.86, a current ratio of 3.41 and a quick ratio of 3.41.

Sabra Health Care REIT Company Profile

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.