Teacher Retirement System of Texas trimmed its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Free Report) by 8.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 128,178 shares of the real estate investment trust’s stock after selling 11,544 shares during the quarter. Teacher Retirement System of Texas owned about 0.06% of Sabra Health Care REIT worth $1,509,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of the business. Raymond James & Associates grew its position in Sabra Health Care REIT by 70.8% during the 1st quarter. Raymond James & Associates now owns 46,061 shares of the real estate investment trust’s stock valued at $686,000 after purchasing an additional 19,089 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Sabra Health Care REIT by 171.7% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 37,405 shares of the real estate investment trust’s stock valued at $557,000 after purchasing an additional 23,637 shares during the last quarter. US Bancorp DE grew its position in Sabra Health Care REIT by 133.8% during the 1st quarter. US Bancorp DE now owns 15,649 shares of the real estate investment trust’s stock valued at $234,000 after purchasing an additional 8,956 shares during the last quarter. HighTower Advisors LLC grew its position in Sabra Health Care REIT by 41.2% during the 1st quarter. HighTower Advisors LLC now owns 97,847 shares of the real estate investment trust’s stock valued at $1,454,000 after purchasing an additional 28,547 shares during the last quarter. Finally, Cetera Advisor Networks LLC grew its position in Sabra Health Care REIT by 36.7% during the 1st quarter. Cetera Advisor Networks LLC now owns 26,902 shares of the real estate investment trust’s stock valued at $401,000 after purchasing an additional 7,217 shares during the last quarter. 86.36% of the stock is currently owned by institutional investors.
Sabra Health Care REIT Stock Performance
SBRA opened at $13.91 on Friday. The company has a current ratio of 3.69, a quick ratio of 3.69 and a debt-to-equity ratio of 0.82. The company has a market cap of $3.22 billion, a price-to-earnings ratio of -25.76 and a beta of 1.23. The company’s 50 day moving average is $12.97 and its 200 day moving average is $12.06. Sabra Health Care REIT, Inc. has a 12-month low of $10.08 and a 12-month high of $14.32.
Sabra Health Care REIT Announces Dividend
Analyst Ratings Changes
Several analysts recently commented on SBRA shares. StockNews.com started coverage on shares of Sabra Health Care REIT in a research report on Thursday. They set a “hold” rating on the stock. Bank of America raised shares of Sabra Health Care REIT from an “underperform” rating to a “neutral” rating and raised their price target for the company from $11.00 to $14.00 in a report on Friday, August 11th. Truist Financial raised their price target on shares of Sabra Health Care REIT from $13.00 to $15.00 in a report on Friday, September 29th. Berenberg Bank began coverage on shares of Sabra Health Care REIT in a report on Thursday, July 27th. They set a “hold” rating and a $13.00 price target on the stock. Finally, Citigroup raised their price target on shares of Sabra Health Care REIT from $11.00 to $12.50 and gave the company a “neutral” rating in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Sabra Health Care REIT has a consensus rating of “Hold” and a consensus target price of $13.59.
Check Out Our Latest Report on SBRA
Sabra Health Care REIT Company Profile
As of June 30, 2023, Sabra's investment portfolio included 392 real estate properties held for investment (consisting of (i) 253 Skilled Nursing/Transitional Care facilities, (ii) 45 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), 13 investments in loans receivable (consisting of two mortgage loans and 11 other loans), five preferred equity investments and two investments in unconsolidated joint ventures.
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