New York State Common Retirement Fund reduced its position in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Get Rating) by 25.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 165,656 shares of the real estate investment trust’s stock after selling 55,993 shares during the period. New York State Common Retirement Fund’s holdings in Sabra Health Care REIT were worth $2,059,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in SBRA. Accel Wealth Management bought a new position in shares of Sabra Health Care REIT in the fourth quarter worth $25,000. EverSource Wealth Advisors LLC bought a new position in Sabra Health Care REIT during the third quarter valued at about $29,000. Point72 Hong Kong Ltd bought a new position in Sabra Health Care REIT during the second quarter valued at about $31,000. Worth Asset Management LLC acquired a new position in shares of Sabra Health Care REIT in the 1st quarter valued at $44,000. Finally, Wipfli Financial Advisors LLC acquired a new position in shares of Sabra Health Care REIT in the 3rd quarter valued at $90,000. 87.20% of the stock is owned by institutional investors and hedge funds.
Sabra Health Care REIT Stock Performance
Shares of NASDAQ:SBRA opened at $11.30 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.27 and a quick ratio of 3.27. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of -33.23 and a beta of 1.31. The business’s fifty day moving average price is $11.47 and its two-hundred day moving average price is $12.39. Sabra Health Care REIT, Inc. has a fifty-two week low of $10.08 and a fifty-two week high of $16.60.
Sabra Health Care REIT Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 28th. Shareholders of record on Monday, February 13th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 10.62%. The ex-dividend date was Friday, February 10th. Sabra Health Care REIT’s dividend payout ratio is currently -352.93%.
Wall Street Analyst Weigh In
A number of equity analysts recently weighed in on the company. StockNews.com began coverage on Sabra Health Care REIT in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Truist Financial cut their price target on Sabra Health Care REIT from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, March 29th. Citigroup cut their price objective on Sabra Health Care REIT from $13.00 to $10.50 and set a “neutral” rating on the stock in a research note on Tuesday, March 28th. Barclays lowered their target price on Sabra Health Care REIT from $15.00 to $13.00 in a report on Tuesday. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $13.00 target price on shares of Sabra Health Care REIT in a report on Wednesday, April 12th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Sabra Health Care REIT has a consensus rating of “Hold” and a consensus price target of $13.10.
Sabra Health Care REIT Company Profile
Sabra Health Care REIT, Inc is engaged in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Irvine, CA.
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