Retirement Systems of Alabama acquired a new stake in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 226,849 shares of the real estate investment trust’s stock, valued at approximately $4,977,000. Retirement Systems of Alabama owned 0.13% of Sabra Healthcare REIT at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SBRA. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sabra Healthcare REIT by 9.3% in the second 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. lifted its stake in shares of Sabra Healthcare REIT by 15.7% during the second quarter. Daiwa Securities Group Inc. now owns 5,900 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 800 shares during the period. Riverhead Capital Management LLC lifted its stake in shares of Sabra Healthcare REIT by 96.0% during the second quarter. Riverhead Capital Management LLC now owns 6,861 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 3,361 shares during the period. Flinton Capital Management LLC lifted its stake in shares of Sabra Healthcare REIT by 96.1% during the second quarter. Flinton Capital Management LLC now owns 6,868 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 3,366 shares during the period. Finally, Laurion Capital Management LP acquired a new position in shares of Sabra Healthcare REIT during the second quarter valued at $200,000. Institutional investors and hedge funds own 99.26% of the company’s stock.

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Several brokerages have recently issued reports on SBRA. Zacks Investment Research raised Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Jefferies Group LLC raised Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, August 15th. BidaskClub lowered Sabra Healthcare REIT from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $30.00 price target on shares of Sabra Healthcare REIT in a research note on Thursday, September 28th. Finally, TheStreet downgraded Sabra Healthcare REIT from a “b-” rating to a “c” rating in a report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $24.40.

Shares of Sabra Healthcare REIT, Inc. (SBRA) opened at $19.21 on Wednesday. Sabra Healthcare REIT, Inc. has a 52-week low of $18.48 and a 52-week high of $29.10. The stock has a market capitalization of $3,379.28, a P/E ratio of 8.32, a PEG ratio of 2.47 and a beta of 0.94. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.66 and a quick ratio of 1.66.

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

Sabra Healthcare REIT Company Profile

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.

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

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