Cambridge Investment Research Advisors Inc. acquired a new position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 22,843 shares of the real estate investment trust’s stock, valued at approximately $501,000.

Other hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sabra Healthcare REIT by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 352 shares in the last quarter. Daiwa Securities Group Inc. grew its position in Sabra Healthcare REIT by 15.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,900 shares of the real estate investment trust’s stock worth $142,000 after purchasing an additional 800 shares in the last quarter. Riverhead Capital Management LLC grew its position in Sabra Healthcare REIT by 96.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,861 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 3,361 shares in the last quarter. Flinton Capital Management LLC grew its position in Sabra Healthcare REIT by 96.1% in the 2nd quarter. Flinton Capital Management LLC now owns 6,868 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 3,366 shares in the last quarter. Finally, Laurion Capital Management LP bought a new stake in Sabra Healthcare REIT in the 2nd quarter worth about $200,000. 99.26% of the stock is owned by institutional investors and hedge funds.

A number of research analysts have recently weighed in on SBRA shares. Zacks Investment Research raised shares of Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Jefferies Group LLC raised shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, August 15th. BidaskClub downgraded shares of Sabra Healthcare REIT from a “sell” rating to a “strong sell” rating in a research report on Wednesday, August 16th. ValuEngine downgraded shares of Sabra Healthcare REIT from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Finally, JMP Securities raised shares of Sabra Healthcare REIT from a “market perform” rating to an “outperform” rating and set a $23.00 target price for the company in a research report on Tuesday, September 5th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. Sabra Healthcare REIT has an average rating of “Hold” and a consensus target price of $24.40.

Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) opened at $19.24 on Monday. The company has a market cap of $3,429.18, a P/E ratio of 8.44, a P/E/G ratio of 2.50 and a beta of 0.94. Sabra Healthcare REIT, Inc. has a fifty-two week low of $18.48 and a fifty-two week high of $29.10. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.89.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Tuesday, November 14th. Sabra Healthcare REIT’s dividend payout ratio (DPR) is presently 221.28%.

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About Sabra Healthcare REIT

Sabra Health Care REIT, Inc is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment includes investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.

Institutional Ownership by Quarter for Sabra Healthcare REIT (NASDAQ:SBRA)

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