Texas Retirement System Reduces Investment in Sabra Health Care REIT by Nearly 20% in Q2

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Sabra Health Care ($NASDAQ:SBRA) REIT is a real estate investment trust that owns and operates healthcare facilities across the United States. The company’s portfolio includes skilled nursing facilities, senior housing communities, and other healthcare properties. Sabra’s stock is publicly traded on the NASDAQ under the ticker symbol SBRA. In the second quarter of 2019, the Employees Retirement System of Texas, which manages investments for state employees and retirees, reduced its investment in Sabra Health Care REIT by nearly 20%. This could be due to various factors such as the company’s financial performance, changes in the healthcare industry, or overall market conditions. Investors often look to large institutional investors like the Texas Retirement System for insights into the market. Therefore, the reduction in investment by such a significant player could potentially affect other investors’ perceptions of Sabra. It is worth noting that Sabra Health Care REIT’s performance has been mixed so far in 2019.

However, it also announced an increase in its dividend payout. The company has also been actively acquiring new properties, with a focus on senior housing facilities. The company’s diverse portfolio and focus on expanding its presence in the growing senior housing sector position it well for future growth. Investors should closely monitor the company’s performance and any further developments with the Texas Retirement System’s investment to determine their own investment strategies.

Analysis

In my analysis of SABRA HEALTH CARE REIT’s fundamentals, I have identified some key points that potential investors may be interested in. Firstly, the company falls under the category of ‘cow’ in our Star Chart, indicating a track record of consistent and sustainable dividend payments. This may be attractive to investors looking for stable and reliable income from their investments. In terms of its financials, SABRA HEALTH CARE REIT is strong in its cash flow and medium in its assets, dividends, and profitability. This indicates a solid financial foundation and the ability to generate returns for investors. However, the company is weak in terms of growth, which may be a concern for investors looking for potential for significant capital appreciation. When considering the health score of SABRA HEALTH CARE REIT, I have given it a 6/10 rating in terms of its cash flows and debt. This suggests that the company may be able to weather any potential crises or challenges in the future and sustain its operations. This could be reassuring for risk-averse investors who prioritize stability and security in their investments. In conclusion, SABRA HEALTH CARE REIT may be a suitable investment option for those who prioritize consistent dividends and a strong financial foundation, but are not necessarily seeking high growth potential. Its intermediate health score also indicates a level of stability and resilience that may be appealing to certain types of investors. Ultimately, it is important for individuals to carefully consider their own investment goals and risk tolerance before making any investment decisions. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for SBRA. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for SBRA. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for SBRA. More…

Key Ratios Snapshot

Some of the financial key ratios for SBRA are shown below. More…

Peers

There are several large, publicly traded healthcare real estate investment trusts (REITs) that own and operate properties leased to skilled nursing and other healthcare operators. The largest and most prominent of these firms are Sabra Health Care REIT Inc, Healthcare Realty Trust Inc, LTC Properties Inc, and Omega Healthcare Investors Inc. These firms are all engaged in a fierce competition to acquire the best performing nursing home and assisted living properties.

– Healthcare Realty Trust Inc ($NYSE:HR)

Healthcare Realty Trust Inc is a real estate investment trust that specializes in healthcare-related properties. As of 2022, the company had a market cap of 7.2 billion dollars. The company owns and operates hospitals, medical office buildings, and other healthcare-related facilities across the United States. Healthcare Realty Trust is headquartered in Nashville, Tennessee.

– LTC Properties Inc ($NYSE:LTC)

LTC Properties Inc is a publicly traded real estate investment trust (REIT) that invests in senior housing and long-term care properties. As of December 31, 2020, LTC owned a portfolio of 260 skilled nursing, assisted living, and other long-term care properties located in 29 states.

– Omega Healthcare Investors Inc ($NYSE:OHI)

Omega Healthcare Investors is a real estate investment trust that specializes in leasing long-term care facilities. As of March 31, 2021, the company owned 1,543 properties in 44 states and the United Kingdom. The company was founded in 1992 and is headquartered in Hunt Valley, Maryland.

Summary

The Employees Retirement System of Texas has decreased its investment in Sabra Health Care REIT by nearly 20% during the second quarter. This suggests that the pension fund sees potential risks or concerns with the company’s financial performance and future prospects. It is important for investors to closely monitor any changes in holdings by large institutional investors like this, as it can provide valuable insight into the overall sentiment towards a company. In addition, it may be wise for individual investors to conduct further analysis on Sabra Health Care REIT in order to make informed investment decisions.