State of New Jersey Common Pension Fund D Decreases Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

State of New Jersey Common Pension Fund D lowered its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA) by 2.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 246,178 shares of the real estate investment trust’s stock after selling 6,958 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.10% of Sabra Health Care REIT worth $4,264,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in SBRA. Quarry LP acquired a new stake in Sabra Health Care REIT in the 3rd quarter valued at about $30,000. Assetmark Inc. raised its position in Sabra Health Care REIT by 168.4% during the third quarter. Assetmark Inc. now owns 1,962 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 1,231 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new stake in shares of Sabra Health Care REIT in the third quarter valued at about $59,000. Harbor Capital Advisors Inc. acquired a new stake in shares of Sabra Health Care REIT in the third quarter valued at approximately $78,000. Finally, International Assets Investment Management LLC increased its stake in shares of Sabra Health Care REIT by 1,761.0% during the 3rd quarter. International Assets Investment Management LLC now owns 6,104 shares of the real estate investment trust’s stock worth $114,000 after purchasing an additional 5,776 shares in the last quarter. Hedge funds and other institutional investors own 99.40% of the company’s stock.

Sabra Health Care REIT Stock Performance

Sabra Health Care REIT stock opened at $16.55 on Thursday. The stock has a fifty day moving average price of $16.90 and a 200 day moving average price of $17.63. Sabra Health Care REIT, Inc. has a 52 week low of $13.31 and a 52 week high of $20.03. The firm has a market capitalization of $3.92 billion, a P/E ratio of 40.37, a PEG ratio of 1.99 and a beta of 1.25. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 0.90.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported $0.36 EPS for the quarter, meeting analysts’ consensus estimates of $0.36. Sabra Health Care REIT had a net margin of 14.20% and a return on equity of 3.51%. Equities research analysts anticipate that Sabra Health Care REIT, Inc. will post 1.39 earnings per share for the current year.

Sabra Health Care REIT Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.30 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 7.25%. Sabra Health Care REIT’s dividend payout ratio (DPR) is presently 292.69%.

Analysts Set New Price Targets

SBRA has been the topic of a number of recent research reports. Mizuho reaffirmed a “neutral” rating and issued a $20.00 target price on shares of Sabra Health Care REIT in a research note on Thursday, December 5th. Citizens Jmp upgraded Sabra Health Care REIT from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 7th. 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 report on Tuesday, January 7th. Finally, Truist Financial lowered shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating and reduced their target price for the company from $18.00 to $17.00 in a report on Friday, January 17th. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $18.86.

About Sabra Health Care REIT

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.