Teacher Retirement System of Texas Sells 66,220 Shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA)

Teacher Retirement System of Texas trimmed its position in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 55.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,219 shares of the real estate investment trust’s stock after selling 66,220 shares during the quarter. Teacher Retirement System of Texas’ holdings in Sabra Healthcare REIT were worth $912,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. Rossby Financial LCC bought a new stake in Sabra Healthcare REIT during the first quarter worth about $92,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Sabra Healthcare REIT by 16.2% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 51,392 shares of the real estate investment trust’s stock worth $898,000 after buying an additional 7,161 shares during the last quarter. New York State Teachers Retirement System grew its stake in Sabra Healthcare REIT by 12.1% during the first quarter. New York State Teachers Retirement System now owns 321,647 shares of the real estate investment trust’s stock worth $5,619,000 after buying an additional 34,591 shares during the last quarter. Wealthstar Advisors LLC grew its stake in Sabra Healthcare REIT by 9.9% during the first quarter. Wealthstar Advisors LLC now owns 41,914 shares of the real estate investment trust’s stock worth $732,000 after buying an additional 3,790 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Sabra Healthcare REIT by 1.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 257,900 shares of the real estate investment trust’s stock valued at $4,506,000 after purchasing an additional 2,790 shares during the last quarter. 99.40% of the stock is owned by institutional investors.

Sabra Healthcare REIT Trading Up 1.6%

Shares of NASDAQ SBRA opened at $18.76 on Tuesday. The company’s 50 day simple moving average is $18.00 and its 200 day simple moving average is $17.37. Sabra Healthcare REIT, Inc. has a fifty-two week low of $15.60 and a fifty-two week high of $20.03. The firm has a market capitalization of $4.46 billion, a P/E ratio of 31.80, a P/E/G ratio of 1.53 and a beta of 0.85. The company has a debt-to-equity ratio of 0.89, a current ratio of 4.22 and a quick ratio of 4.22.

Sabra Healthcare REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. Sabra Healthcare REIT had a net margin of 19.55% and a return on equity of 5.14%. The business had revenue of $183.54 million for the quarter, compared to analyst estimates of $180.23 million. During the same period in the prior year, the business posted $0.35 earnings per share. Sabra Healthcare REIT’s revenue was up 10.1% compared to the same quarter last year. On average, analysts predict that Sabra Healthcare REIT, Inc. will post 1.45 EPS for the current year.

Sabra Healthcare REIT Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Friday, May 16th were issued a $0.30 dividend. The ex-dividend date was Friday, May 16th. This represents a $1.20 annualized dividend and a yield of 6.40%. Sabra Healthcare REIT’s dividend payout ratio is currently 203.39%.

Analyst Ratings Changes

Several research firms have recently commented on SBRA. Truist Financial increased their price target on shares of Sabra Healthcare REIT from $17.00 to $18.00 and gave the company a “hold” rating in a research note on Tuesday, March 18th. Scotiabank increased their price target on shares of Sabra Healthcare REIT from $19.00 to $20.00 and gave the company a “sector perform” rating in a research note on Monday, June 23rd. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.67.

Insiders Place Their Bets

In related news, Director Michael J. Foster sold 11,000 shares of the stock in a transaction that occurred on Tuesday, May 20th. The shares were sold at an average price of $18.22, for a total value of $200,420.00. Following the transaction, the director directly owned 64,725 shares in the company, valued at $1,179,289.50. This represents a 14.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

About Sabra Healthcare REIT

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.