Wasatch Advisors Inc. lifted its holdings in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 35.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 769,671 shares of the real estate investment trust’s stock after purchasing an additional 199,642 shares during the period. Wasatch Advisors Inc. owned about 0.43% of Sabra Healthcare REIT worth $16,887,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in SBRA. Bank of New York Mellon Corp grew its stake in shares of Sabra Healthcare REIT by 294.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,721,303 shares of the real estate investment trust’s stock worth $103,586,000 after purchasing an additional 3,523,631 shares during the last quarter. Anchor Capital Advisors LLC acquired a new stake in shares of Sabra Healthcare REIT during the third quarter worth approximately $40,616,000. APG Asset Management US Inc. boosted its holdings in shares of Sabra Healthcare REIT by 160.6% during the third quarter. APG Asset Management US Inc. now owns 2,874,000 shares of the real estate investment trust’s stock worth $63,056,000 after purchasing an additional 1,771,033 shares during the period. Numeric Investors LLC acquired a new stake in shares of Sabra Healthcare REIT during the second quarter worth approximately $30,450,000. Finally, Los Angeles Capital Management & Equity Research Inc. boosted its holdings in shares of Sabra Healthcare REIT by 7,005.3% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 875,014 shares of the real estate investment trust’s stock worth $19,198,000 after purchasing an additional 862,699 shares during the period. 99.26% of the stock is currently owned by institutional investors.

SBRA has been the subject of several research reports. Zacks Investment Research upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Tuesday, August 29th. Cantor Fitzgerald restated a “buy” rating and set a $30.00 price target on shares of Sabra Healthcare REIT in a report on Friday, September 8th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $25.00 target price on shares of Sabra Healthcare REIT in a research note on Friday, November 3rd. JMP Securities upgraded 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 note on Tuesday, September 5th. Finally, ValuEngine upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $24.40.

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Sabra Healthcare REIT, Inc. (NASDAQ SBRA) traded up $0.13 during trading hours on Thursday, hitting $19.34. 1,015,100 shares of the stock were exchanged, compared to its average volume of 1,591,642. Sabra Healthcare REIT, Inc. has a 12 month low of $18.48 and a 12 month high of $29.10. The company has a market capitalization of $3,423.84, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 2.50 and a beta of 0.94. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.66 and a current ratio of 1.66.

The company also recently declared 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. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Tuesday, November 14th. Sabra Healthcare REIT’s dividend 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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