Municipal Employees Retirement System of Michigan grew its position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 245.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 53,190 shares of the real estate investment trust’s stock after buying an additional 37,780 shares during the period. Municipal Employees Retirement System of Michigan’s holdings in Sabra Healthcare REIT were worth $1,167,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SBRA. OppenheimerFunds Inc. acquired a new stake in shares of Sabra Healthcare REIT in the 1st quarter valued at $234,000. Dimensional Fund Advisors LP grew its stake in shares of Sabra Healthcare REIT by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 919,088 shares of the real estate investment trust’s stock worth $25,669,000 after purchasing an additional 30,841 shares during the period. Bank of America Corp DE grew its stake in shares of Sabra Healthcare REIT by 3.6% during the first quarter. Bank of America Corp DE now owns 274,416 shares of the real estate investment trust’s stock worth $7,665,000 after purchasing an additional 9,436 shares during the period. State Street Corp grew its stake in shares of Sabra Healthcare REIT by 8.8% during the first quarter. State Street Corp now owns 1,710,595 shares of the real estate investment trust’s stock worth $47,775,000 after purchasing an additional 137,778 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Sabra Healthcare REIT by 5.6% during the first quarter. Goldman Sachs Group Inc. now owns 162,712 shares of the real estate investment trust’s stock worth $4,544,000 after purchasing an additional 8,667 shares during the period. 99.26% of the stock is owned by institutional investors.

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Sabra Healthcare REIT, Inc. (NASDAQ SBRA) opened at $18.96 on Tuesday. Sabra Healthcare REIT, Inc. has a 52 week low of $18.48 and a 52 week high of $29.10. 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 stock has a market capitalization of $3,350.00, a PE ratio of 8.36, a price-to-earnings-growth ratio of 2.48 and a beta of 0.94.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.48%. Sabra Healthcare REIT’s payout ratio is 266.67%.

A number of equities research analysts recently commented on the company. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $30.00 price objective on shares of Sabra Healthcare REIT in a research note on Monday, October 9th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $30.00 price objective on shares of Sabra Healthcare REIT in a research note on Friday, September 8th. BidaskClub cut Sabra Healthcare REIT from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, Jefferies Group LLC raised Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Tuesday, August 15th. 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 company currently has a consensus rating of “Hold” and a consensus target price of $24.40.

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.

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

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