Sabra Health Care REIT, Inc. (NASDAQ:SBRA) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. lifted its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRAGet Rating) by 1,220.5% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 194,857 shares of the real estate investment trust’s stock after purchasing an additional 180,101 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Sabra Health Care REIT were worth $2,556,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC lifted its stake in shares of Sabra Health Care REIT by 1.8% during the second quarter. Northwestern Mutual Investment Management Company LLC now owns 38,659 shares of the real estate investment trust’s stock worth $540,000 after buying an additional 679 shares during the period. State of Michigan Retirement System lifted its stake in shares of Sabra Health Care REIT by 1.2% during the second quarter. State of Michigan Retirement System now owns 58,749 shares of the real estate investment trust’s stock worth $821,000 after buying an additional 700 shares during the period. Arizona State Retirement System lifted its stake in shares of Sabra Health Care REIT by 1.2% during the second quarter. Arizona State Retirement System now owns 62,575 shares of the real estate investment trust’s stock worth $874,000 after buying an additional 760 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Sabra Health Care REIT by 3.8% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 23,084 shares of the real estate investment trust’s stock worth $303,000 after buying an additional 838 shares during the period. Finally, Xponance Inc. lifted its stake in shares of Sabra Health Care REIT by 2.4% during the third quarter. Xponance Inc. now owns 36,619 shares of the real estate investment trust’s stock worth $480,000 after buying an additional 863 shares during the period. 87.20% of the stock is currently owned by institutional investors and hedge funds.

Sabra Health Care REIT Stock Down 0.5 %

SBRA opened at $13.24 on Wednesday. Sabra Health Care REIT, Inc. has a fifty-two week low of $11.44 and a fifty-two week high of $16.60. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. The company has a fifty day moving average of $12.70 and a two-hundred day moving average of $13.66. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of -165.50 and a beta of 1.26.

Sabra Health Care REIT Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 30th. Shareholders of record on Thursday, November 17th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, November 16th. This represents a $1.20 dividend on an annualized basis and a yield of 9.06%. Sabra Health Care REIT’s payout ratio is -1,500.00%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. JMP Securities cut shares of Sabra Health Care REIT from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 13th. Robert W. Baird cut shares of Sabra Health Care REIT from an “outperform” rating to a “neutral” rating and set a $13.00 target price for the company. in a report on Monday, October 10th. StockNews.com assumed coverage on shares of Sabra Health Care REIT in a report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Bank of America cut shares of Sabra Health Care REIT from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $15.00 to $13.00 in a report on Monday, November 14th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.00.

Sabra Health Care REIT Profile

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Sabra Health Care REIT, Inc engages in managing and investing in healthcare-related real estate properties. It focuses on the acquisition, financing and owning real estate property to be leased to third party tenants in the healthcare sector. The company was founded on May 10, 2010 and is headquartered in Irvine, CA.

See Also

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

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