Ajo LP acquired a new stake in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 311,412 shares of the real estate investment trust’s stock, valued at approximately $7,505,000. Ajo LP owned about 0.48% of Sabra Healthcare REIT as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SBRA. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of 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 last quarter. Bank of Montreal Can boosted its stake in shares of Sabra Healthcare REIT by 44.1% during 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 acquiring an additional 1,191 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Sabra Healthcare REIT by 15.7% during 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 acquiring an additional 800 shares during the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Sabra Healthcare REIT during the first quarter valued at $156,000. Finally, Stratos Wealth Partners LTD. acquired a new stake in shares of Sabra Healthcare REIT during the first quarter valued at $207,000. 99.26% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Sabra Healthcare REIT, Inc. (NASDAQ SBRA) opened at 23.46 on Friday. The firm has a 50-day moving average price of $22.35 and a 200-day moving average price of $24.66. Sabra Healthcare REIT, Inc. has a 52 week low of $19.30 and a 52 week high of $29.10. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 19.75 and a beta of 0.89.

The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Wednesday, August 16th were paid a dividend of $0.3599 per share. The ex-dividend date was Monday, August 14th. This represents a $1.44 annualized dividend and a dividend yield of 6.14%. Sabra Healthcare REIT’s dividend payout ratio (DPR) is presently 122.03%.

A number of brokerages have issued reports on SBRA. BidaskClub raised Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Jefferies Group LLC raised 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. Zacks Investment Research raised Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Tuesday, August 29th. Cantor Fitzgerald reissued a “buy” rating and issued a $30.00 price target on shares of Sabra Healthcare REIT in a research note on Friday, September 8th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $26.00 price target on shares of Sabra Healthcare REIT in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. Sabra Healthcare REIT currently has a consensus rating of “Hold” and a consensus target price of $25.00.

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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