California State Teachers Retirement System Has $5.31 Million Stake in Sabra Health Care REIT Inc (NASDAQ:SBRA)

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California State Teachers Retirement System trimmed its position in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 2.2% in the first quarter, Holdings Channel reports. The institutional investor owned 272,493 shares of the real estate investment trust’s stock after selling 6,059 shares during the period. California State Teachers Retirement System’s holdings in Sabra Health Care REIT were worth $5,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of SBRA. IFP Advisors Inc raised its stake in Sabra Health Care REIT by 128.4% during the 4th quarter. IFP Advisors Inc now owns 3,099 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 1,742 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in Sabra Health Care REIT by 913.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,112 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 2,805 shares during the last quarter. Bessemer Group Inc. acquired a new position in Sabra Health Care REIT during the 4th quarter valued at $55,000. Fort L.P. acquired a new position in Sabra Health Care REIT during the 4th quarter valued at $68,000. Finally, Oregon Public Employees Retirement Fund raised its stake in Sabra Health Care REIT by 1,548.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,159,764 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 1,089,390 shares during the last quarter. Institutional investors and hedge funds own 89.58% of the company’s stock.

Several equities analysts recently commented on the stock. Zacks Investment Research upgraded shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Thursday, May 30th. BidaskClub cut shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets cut shares of Sabra Health Care REIT from a “market perform” rating to an “underperform” rating in a research note on Tuesday, February 26th. Finally, ValuEngine upgraded shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $20.71.

Shares of SBRA stock opened at $19.32 on Thursday. Sabra Health Care REIT Inc has a 52-week low of $15.70 and a 52-week high of $23.83. The firm has a market capitalization of $3.47 billion, a PE ratio of 8.44, a price-to-earnings-growth ratio of 10.71 and a beta of 0.92. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.06.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.94). Sabra Health Care REIT had a net margin of 23.38% and a return on equity of 4.25%. The business had revenue of $136.77 million during the quarter, compared to analyst estimates of $144.87 million. As a group, equities research analysts forecast that Sabra Health Care REIT Inc will post 1.91 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 20th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date of this dividend was Friday, May 17th. Sabra Health Care REIT’s dividend payout ratio is 78.60%.

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Sabra Health Care REIT Company Profile

As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 Senior Housing communities (?Senior Housing – Leased?), (iii) 23 Senior Housing communities operated by third-party property managers pursuant to property management agreements (?Senior Housing – Managed?) and (iv) 22 Specialty Hospitals and Other facilities), one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan and (iv) 18 other loans), nine preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

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Institutional Ownership by Quarter for Sabra Health Care REIT (NASDAQ:SBRA)

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