Pinebridge Investments L.P. trimmed its position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 3.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,411 shares of the real estate investment trust’s stock after selling 3,084 shares during the quarter. Pinebridge Investments L.P. owned about 0.13% of Sabra Healthcare REIT worth $2,058,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of 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 during the last quarter. Bank of Montreal Can raised its stake in shares of Sabra Healthcare REIT by 44.1% in the first quarter. Bank of Montreal Can now owns 3,893 shares of the real estate investment trust’s stock worth $109,000 after purchasing an additional 1,191 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in shares of Sabra Healthcare REIT by 15.7% in the second 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 during the last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Sabra Healthcare REIT in the first quarter worth about $156,000. Finally, Riverhead Capital Management LLC raised its stake in shares of Sabra Healthcare REIT by 96.0% in the second 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 during the last quarter. Hedge funds and other institutional investors own 99.26% of the company’s stock.

Shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) opened at 22.21 on Friday. Sabra Healthcare REIT, Inc. has a 12-month low of $19.30 and a 12-month high of $29.10.

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Several analysts recently commented on the company. BidaskClub raised Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Jefferies Group LLC raised Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Tuesday, August 15th. Zacks Investment Research raised Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Tuesday, August 29th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $30.00 target price on shares of Sabra Healthcare REIT in a report on Friday, September 8th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $26.00 target price on shares of Sabra Healthcare REIT in a report on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. Sabra Healthcare REIT has an average rating of “Hold” and a consensus target price of $25.13.

Sabra Healthcare REIT 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.

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

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