New York State Common Retirement Fund Has $1.33 Million Stock Holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

New York State Common Retirement Fund reduced its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Free Report) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,994 shares of the real estate investment trust’s stock after selling […]

​New York State Common Retirement Fund reduced its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Free Report) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,994 shares of the real estate investment trust’s stock after selling 

New York State Common Retirement Fund reduced its stake in Sabra Health Care REIT, Inc. (NASDAQ:SBRAFree Report) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 92,994 shares of the real estate investment trust’s stock after selling 2,690 shares during the quarter. New York State Common Retirement Fund’s holdings in Sabra Health Care REIT were worth $1,327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SBRA. JPMorgan Chase & Co. raised its holdings in Sabra Health Care REIT by 709.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 13,504,420 shares of the real estate investment trust’s stock worth $188,252,000 after purchasing an additional 11,835,109 shares during the last quarter. American Century Companies Inc. boosted its position 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 acquiring an additional 622,133 shares during the last quarter. LDR Capital Management LLC acquired a new stake in Sabra Health Care REIT during the third quarter worth approximately $7,076,000. abrdn plc grew its position in shares of Sabra Health Care REIT by 108.0% during the 4th quarter. abrdn plc now owns 974,350 shares of the real estate investment trust’s stock worth $13,904,000 after buying an additional 506,011 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Sabra Health Care REIT by 1.5% during the 3rd 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 acquiring an additional 313,517 shares during the period. 99.40% of the stock is owned by institutional investors and hedge funds.

Sabra Health Care REIT Stock Performance

NASDAQ SBRA opened at $14.53 on Friday. Sabra Health Care REIT, Inc. has a 1 year low of $10.30 and a 1 year high of $14.92. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 290.60, a PEG ratio of 5.25 and a beta of 1.17. The company has a fifty day moving average price of $14.16 and a 200-day moving average price of $14.05. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 8.26%. The ex-dividend date is Friday, May 17th. Sabra Health Care REIT’s dividend payout ratio is presently 2,400.00%.

Analyst Ratings Changes

SBRA has been the topic of several research reports. Wedbush reiterated an “outperform” rating and set a $17.00 price objective on shares of Sabra Health Care REIT in a report on Thursday, February 29th. Deutsche Bank Aktiengesellschaft initiated coverage on Sabra Health Care REIT in a report on Tuesday, January 30th. They issued a “buy” rating and a $21.00 price target on the stock. Five analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.77.

Read Our Latest Stock Report on SBRA

About Sabra Health Care REIT

(Free Report)

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.

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