State Board of Administration of Florida Retirement System lifted its stake in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 122.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 114,997 shares of the real estate investment trust’s stock after acquiring an additional 63,390 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.18% of Sabra Healthcare REIT worth $2,523,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of SBRA. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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 worth $100,000 after acquiring an additional 352 shares during the period. Daiwa Securities Group Inc. increased its position 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 worth $142,000 after acquiring an additional 800 shares during the period. Riverhead Capital Management LLC increased its position in shares of Sabra Healthcare REIT by 96.0% during the second quarter. Riverhead Capital Management LLC now owns 6,861 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 3,361 shares during the period. Flinton Capital Management LLC increased its position in shares of Sabra Healthcare REIT by 96.1% during the second quarter. Flinton Capital Management LLC now owns 6,868 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 3,366 shares during the period. Finally, Laurion Capital Management LP purchased a new position in shares of Sabra Healthcare REIT during the second quarter worth approximately $200,000. 99.26% of the stock is currently owned by institutional investors and hedge funds.

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Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) opened at $18.87 on Thursday. The stock has a market cap of $3,389.98, a P/E ratio of 8.34, a P/E/G ratio of 2.47 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. Sabra Healthcare REIT, Inc. has a 1-year low of $18.48 and a 1-year high of $29.10.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, November 14th. Sabra Healthcare REIT’s payout ratio is 221.28%.

A number of brokerages have recently commented on SBRA. TheStreet lowered shares of Sabra Healthcare REIT from a “b-” rating to a “c” rating in a research report on Friday, November 3rd. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $25.00 target price on shares of Sabra Healthcare REIT in a research report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $22.00 target price on shares of Sabra Healthcare REIT in a research report on Friday, November 3rd. Zacks Investment Research lowered shares of Sabra Healthcare REIT from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Finally, Mizuho reaffirmed a “hold” rating and set a $23.00 target price on shares of Sabra Healthcare REIT in a research report on Wednesday, October 4th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $24.40.

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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