Cipher Capital LP purchased a new position in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 158,896 shares of the real estate investment trust’s stock, valued at approximately $3,487,000. Cipher Capital LP owned about 0.09% of Sabra Healthcare REIT at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. 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 worth $100,000 after acquiring an additional 352 shares during the last quarter. Daiwa Securities Group Inc. increased its stake in 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 last quarter. Riverhead Capital Management LLC increased its stake in 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 last quarter. Flinton Capital Management LLC increased its stake in 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 last quarter. Finally, Laurion Capital Management LP acquired a new stake in Sabra Healthcare REIT during the second quarter worth about $200,000. Institutional investors own 99.26% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Cipher Capital LP Takes $3.49 Million Position in Sabra Healthcare REIT, Inc. (SBRA)” was first reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark law. The correct version of this news story can be accessed at https://www.thecerbatgem.com/2017/11/19/cipher-capital-lp-takes-3-49-million-position-in-sabra-healthcare-reit-inc-sbra.html.

SBRA has been the subject of a number of recent research reports. Zacks Investment Research upgraded Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Tuesday, August 29th. Cantor Fitzgerald reiterated a “buy” rating and issued a $30.00 target price on shares of Sabra Healthcare REIT in a research note on Friday, September 8th. JMP Securities upgraded 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. ValuEngine upgraded Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Bank of America Corporation increased their target price on Sabra Healthcare REIT from $21.00 to $22.00 and gave the company an “underperform” rating in a research note on Friday, September 8th. Two research 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 presently has a consensus rating of “Hold” and a consensus target price of $24.40.

Shares of Sabra Healthcare REIT, Inc. (NASDAQ SBRA) remained flat at $$19.05 on Friday. 1,518,847 shares of the stock were exchanged, compared to its average volume of 1,917,725. The stock has a market cap of $3,395.32, a PE ratio of 8.36, a P/E/G ratio of 2.48 and a beta of 0.94. Sabra Healthcare REIT, Inc. has a 1-year low of $18.48 and a 1-year high of $29.10. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.66 and a quick ratio of 1.66.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Wednesday, November 15th will be issued a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Tuesday, November 14th. Sabra Healthcare REIT’s dividend payout ratio is currently 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.

Institutional Ownership by Quarter for Sabra Healthcare REIT (NASDAQ:SBRA)

Receive News & Stock Ratings for Sabra Healthcare REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Healthcare REIT Inc. and related stocks with our FREE daily email newsletter.