Wedge Capital Management L L P NC purchased a new stake in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 734,027 shares of the real estate investment trust’s stock, valued at approximately $16,105,000. Wedge Capital Management L L P NC owned 1.12% of Sabra Healthcare REIT as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Arizona State Retirement System increased its stake in Sabra Healthcare REIT by 0.3% during the second quarter. Arizona State Retirement System now owns 34,096 shares of the real estate investment trust’s stock valued at $822,000 after acquiring an additional 100 shares during the period. Amalgamated Bank increased its stake in Sabra Healthcare REIT by 1.8% during the second quarter. Amalgamated Bank now owns 8,880 shares of the real estate investment trust’s stock valued at $214,000 after acquiring an additional 159 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Sabra Healthcare REIT by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 352 shares during the period. Advisors Asset Management Inc. increased its stake in Sabra Healthcare REIT by 1.9% during the second quarter. Advisors Asset Management Inc. now owns 20,024 shares of the real estate investment trust’s stock valued at $483,000 after acquiring an additional 382 shares during the period. Finally, Texas Permanent School Fund increased its stake in Sabra Healthcare REIT by 0.8% during the second quarter. Texas Permanent School Fund now owns 47,667 shares of the real estate investment trust’s stock valued at $1,149,000 after acquiring an additional 400 shares during the period. Hedge funds and other institutional investors own 99.26% of the company’s stock.

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Several equities analysts recently issued reports on the company. SunTrust Banks, Inc. restated a “buy” rating and set a $30.00 price target on shares of Sabra Healthcare REIT in a research note on Monday, October 9th. Cantor Fitzgerald restated a “buy” rating and set a $30.00 price target on shares of Sabra Healthcare REIT in a research note on Friday, September 8th. BidaskClub lowered Sabra Healthcare REIT from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research upgraded Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC upgraded 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. Two analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. Sabra Healthcare REIT has a consensus rating of “Hold” and a consensus price target of $24.40.

Shares of Sabra Healthcare REIT, Inc. (NASDAQ SBRA) opened at $19.38 on Tuesday. Sabra Healthcare REIT, Inc. has a 12 month low of $19.16 and a 12 month high of $29.10. The firm has a market capitalization of $3,450.00, a P/E ratio of 8.48, a PEG ratio of 2.52 and a beta of 0.94. 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 announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend is Tuesday, November 14th. Sabra Healthcare REIT’s payout ratio is currently 184.62%.

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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