In the first quarter of 2023, the Ontario Teachers’ Pension Board reduced its stake in Sabra Health Care REIT, Inc. by 37.4%, according to the company’s filing with the Securities and Exchange Commission (SEC). The pension fund now owns 112,002 shares of Sabra Health Care REIT, valued at $1,288,000, according to the most recent SEC filing.
Sabra Health Care REIT’s investment portfolio consists of various types of real estate and real estate investments. Includes 392 properties, including nursing/transitional care facilities, senior living communities, behavioral health facilities, specialty hospitals and other facilities. The portfolio also includes investments in loan receivables, preferred equity investments and two unconsolidated joint ventures.
In addition to the share reduction, Sabra Health Care REIT recently declared a quarterly dividend. Shareholders of record through August 17 received a dividend of $0.30 per share. The annual dividend payment is $1.20 per share, which corresponds to a dividend yield of 8.96%. However, it is worth noting that Sabra Health Care REIT’s dividend payout ratio is currently -222.22%.
These developments provide valuable information about the financial activities of the Ontario Teachers’ Pension Board as well as Sabra Health Care REIT’s investment portfolio and dividend distribution. It will be interesting to see how these changes impact the future performance and strategic decisions of both companies.
