Oregon Public Employees Retirement Fund Purchases 800 Shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Oregon Public Employees Retirement Fund raised its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 48,185 shares of the real estate investment trust’s stock after purchasing an additional 800 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Sabra Health Care REIT were worth $835,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Creative Planning lifted its position in shares of Sabra Health Care REIT by 8.9% in the third quarter. Creative Planning now owns 24,284 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 1,992 shares in the last quarter. International Assets Investment Management LLC grew its stake in shares of Sabra Health Care REIT by 1,761.0% during the third quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust’s stock valued at $114,000 after buying an additional 5,776 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Sabra Health Care REIT by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 8,985 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 2,318 shares during the last quarter. abrdn plc grew its stake in Sabra Health Care REIT by 58.2% in the third quarter. abrdn plc now owns 875,495 shares of the real estate investment trust’s stock worth $16,293,000 after purchasing an additional 322,255 shares in the last quarter. Finally, James Investment Research Inc. grew its stake in Sabra Health Care REIT by 96.5% in the third quarter. James Investment Research Inc. now owns 19,776 shares of the real estate investment trust’s stock worth $368,000 after purchasing an additional 9,711 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Performance

NASDAQ:SBRA opened at $16.61 on Friday. The company has a quick ratio of 4.16, a current ratio of 4.32 and a debt-to-equity ratio of 0.88. The company has a fifty day simple moving average of $16.77 and a two-hundred day simple moving average of $17.62. The company has a market cap of $3.95 billion, a price-to-earnings ratio of 31.34, a price-to-earnings-growth ratio of 1.97 and a beta of 1.25. Sabra Health Care REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $20.03.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.36. Sabra Health Care REIT had a net margin of 18.02% and a return on equity of 4.60%. The company had revenue of $182.35 million during the quarter, compared to the consensus estimate of $178.01 million. As a group, equities analysts anticipate that Sabra Health Care REIT, Inc. will post 1.45 earnings per share for the current fiscal year.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.30 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a yield of 7.22%. Sabra Health Care REIT’s payout ratio is currently 226.42%.

Analysts Set New Price Targets

Several brokerages have issued reports on SBRA. Mizuho reaffirmed a “neutral” rating and set a $20.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, December 5th. Truist Financial lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating and reduced their target price for the stock from $18.00 to $17.00 in a research note on Friday, January 17th. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 7th. Finally, JMP Securities upgraded Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.17.

Sabra Health Care 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.