Public Employees Retirement System of Ohio Has $5.53 Million Position in Sabra Healthcare REIT, Inc. $SBRA

Public Employees Retirement System of Ohio boosted its holdings in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 234.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 287,522 shares of the real estate investment trust’s stock after buying an additional 201,545 shares during the period. Public Employees Retirement System of Ohio’s holdings in Sabra Healthcare REIT were worth $5,529,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Sabra Healthcare REIT by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 35,430,016 shares of the real estate investment trust’s stock valued at $671,045,000 after acquiring an additional 481,231 shares during the period. Principal Financial Group Inc. lifted its stake in Sabra Healthcare REIT by 0.4% during the first quarter. Principal Financial Group Inc. now owns 25,052,121 shares of the real estate investment trust’s stock worth $481,755,000 after purchasing an additional 98,770 shares during the period. Nuveen LLC lifted its stake in Sabra Healthcare REIT by 28.6% during the fourth quarter. Nuveen LLC now owns 7,303,254 shares of the real estate investment trust’s stock worth $138,324,000 after purchasing an additional 1,625,072 shares during the period. Geode Capital Management LLC boosted its holdings in Sabra Healthcare REIT by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 7,018,556 shares of the real estate investment trust’s stock valued at $132,949,000 after purchasing an additional 198,118 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Sabra Healthcare REIT by 9.4% during the third quarter. Bank of America Corp DE now owns 5,224,116 shares of the real estate investment trust’s stock valued at $97,378,000 after purchasing an additional 447,528 shares in the last quarter. Institutional investors own 99.40% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SBRA. UBS Group set a $25.00 target price on Sabra Healthcare REIT in a report on Wednesday, July 22nd. Wells Fargo & Company boosted their price target on Sabra Healthcare REIT from $22.00 to $23.00 and gave the company an “overweight” rating in a research note on Monday, June 1st. Wall Street Zen upgraded Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research report on Sunday, June 28th. Citigroup reiterated a “market outperform” rating on shares of Sabra Healthcare REIT in a research report on Wednesday, July 22nd. Finally, Citizens Jmp increased their price objective on Sabra Healthcare REIT from $23.00 to $25.00 and gave the stock a “market outperform” rating in a research note on Wednesday, July 22nd. Eight equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Sabra Healthcare REIT presently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Sabra Healthcare REIT Price Performance

NASDAQ:SBRA opened at $22.26 on Wednesday. The company has a quick ratio of 4.72, a current ratio of 4.72 and a debt-to-equity ratio of 0.96. The firm has a market cap of $5.61 billion, a PE ratio of 35.33, a price-to-earnings-growth ratio of 1.73 and a beta of 0.65. Sabra Healthcare REIT, Inc. has a 12 month low of $17.17 and a 12 month high of $22.77. The company’s 50-day moving average price is $19.73 and its two-hundred day moving average price is $19.88.

Sabra Healthcare REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Wednesday, April 29th. The real estate investment trust reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Sabra Healthcare REIT had a net margin of 19.22% and a return on equity of 5.60%. The company had revenue of $211.74 million during the quarter, compared to analyst estimates of $209.20 million. During the same quarter last year, the business posted $0.37 earnings per share. The company’s revenue was up 20.9% on a year-over-year basis. On average, equities analysts anticipate that Sabra Healthcare REIT, Inc. will post 1.51 EPS for the current fiscal year.

Sabra Healthcare REIT Profile

Sabra Healthcare REIT, Inc (NASDAQ: SBRA) is a real estate investment trust that acquires, owns and operates net‐lease healthcare properties. Its diversified portfolio spans senior housing communities, skilled nursing and rehabilitation centers, outpatient medical facilities, medical office buildings, hospitals and life science properties. Sabra structures long‐term, triple‐net lease agreements with healthcare operators, providing stable rental income streams while allowing tenants to focus on patient care and operational excellence.

Serving a broad spectrum of care segments, Sabra’s tenants include both regional and national providers of assisted living, independent living, memory care, post‐acute rehabilitation and research and development laboratories.