State Board of Administration of Florida Retirement System Holds Stake in Sabra Health Care REIT Inc (SBRA)

State Board of Administration of Florida Retirement System held its stake in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 51,607 shares of the company’s stock at the end of the fourth quarter. State Board of Administration of Florida Retirement System’s holdings in Sabra Health Care REIT were worth $1,260,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SBRA. Acrospire Investment Management LLC acquired a new stake in shares of Sabra Health Care REIT during the third quarter valued at $103,000. Russell Investments Group Ltd. purchased a new position in Sabra Health Care REIT during the fourth quarter valued at approximately $120,000. Daiwa Securities Group Inc. increased its position in Sabra Health Care REIT by 11.8% in the third quarter. Daiwa Securities Group Inc. now owns 5,400 shares of the company’s stock valued at $136,000 after buying an additional 570 shares in the last quarter. US Bancorp DE increased its position in Sabra Health Care REIT by 6.6% in the third quarter. US Bancorp DE now owns 5,508 shares of the company’s stock valued at $138,000 after buying an additional 342 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new position in Sabra Health Care REIT during the third quarter valued at approximately $200,000. Institutional investors and hedge funds own 92.07% of the company’s stock.

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

Sabra Health Care REIT Inc (NASDAQ:SBRA) opened at 26.96 on Tuesday. The firm has a 50-day moving average price of $26.15 and a 200 day moving average price of $24.36. The company has a market capitalization of $1.76 billion, a P/E ratio of 29.30 and a beta of 1.10. Sabra Health Care REIT Inc has a 52-week low of $18.80 and a 52-week high of $27.65.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its earnings results on Wednesday, February 22nd. The company reported $0.62 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.30. Sabra Health Care REIT had a return on equity of 7.05% and a net margin of 27.18%. The business earned $61.80 million during the quarter, compared to analysts’ expectations of $58.23 million. During the same period in the previous year, the business earned $0.64 earnings per share. The firm’s revenue was down 7.5% on a year-over-year basis. On average, analysts predict that Sabra Health Care REIT Inc will post $1.50 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, February 28th. Investors of record on Wednesday, February 15th were given a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 6.23%. The ex-dividend date of this dividend was Monday, February 13th. Sabra Health Care REIT’s payout ratio is 178.72%.

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Several research firms have commented on SBRA. JMP Securities reiterated a “market perform” rating on shares of Sabra Health Care REIT in a research report on Wednesday, December 28th. Cantor Fitzgerald increased their target price on Sabra Health Care REIT from $25.00 to $30.00 and gave the company an “overweight” rating in a research report on Tuesday, February 28th. Mizuho reiterated a “neutral” rating and issued a $28.00 target price (up from $22.00) on shares of Sabra Health Care REIT in a research report on Monday, February 27th. Zacks Investment Research downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, January 24th. Finally, Stifel Nicolaus increased their target price on Sabra Health Care REIT from $24.00 to $26.00 and gave the company a “hold” rating in a research report on Monday, February 27th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $26.25.

Sabra Health Care REIT Company Profile

Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.

5 Day Chart for NASDAQ:SBRA

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