KBC Group NV cut its stake in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 72,542 shares of the real estate investment trust’s stock after selling 4,603 shares during the period. KBC Group NV’s holdings in Sabra Healthcare REIT were worth $1,748,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Sabra Healthcare REIT by 14.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,799 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 471 shares during the last quarter. Bank of Montreal Can raised its position in 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 valued at $109,000 after buying an additional 1,191 shares during the period. Daiwa Securities Group Inc. raised its position in 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 valued at $142,000 after buying an additional 800 shares during the period. Ameritas Investment Partners Inc. bought a new position in Sabra Healthcare REIT during the first quarter valued at about $156,000. Finally, Stratos Wealth Partners LTD. bought a new position in Sabra Healthcare REIT during the first quarter valued at about $207,000. Hedge funds and other institutional investors own 99.26% of the company’s stock.

Shares of Sabra Healthcare REIT, Inc. (NASDAQ SBRA) opened at 21.90 on Wednesday. Sabra Healthcare REIT, Inc. has a 52 week low of $19.30 and a 52 week high of $29.10.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Wednesday, August 16th were paid a $0.3599 dividend. This represents a $1.44 annualized dividend and a dividend yield of 6.57%. The ex-dividend date was Monday, August 14th. Sabra Healthcare REIT’s dividend payout ratio (DPR) is 122.03%.

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SBRA has been the topic of several analyst reports. BidaskClub upgraded Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Cantor Fitzgerald reiterated a “buy” rating and issued a $30.00 target price on shares of Sabra Healthcare REIT in a research note on Monday, May 8th. Jefferies Group LLC upgraded Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, August 15th. Zacks Investment Research upgraded Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Tuesday. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $26.00 target price on shares of Sabra Healthcare REIT in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Sabra Healthcare REIT presently has an average rating of “Hold” and an average target price of $25.67.

About Sabra Healthcare REIT

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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