Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) Shares Bought by State Street Corp

State Street Corp boosted its position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 8.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,710,595 shares of the real estate investment trust’s stock after buying an additional 137,778 shares during the period. State Street Corp owned about 2.62% of Sabra Healthcare REIT worth $47,775,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Sabra Healthcare REIT by 9,246.7% in the first quarter. BlackRock Inc. now owns 9,293,011 shares of the real estate investment trust’s stock worth $259,556,000 after buying an additional 9,193,585 shares in the last quarter. LSV Asset Management raised its stake in shares of Sabra Healthcare REIT by 45.5% in the first quarter. LSV Asset Management now owns 2,778,914 shares of the real estate investment trust’s stock worth $77,615,000 after buying an additional 868,441 shares in the last quarter. Norges Bank purchased a new stake in shares of Sabra Healthcare REIT during the fourth quarter worth $18,208,000. Vanguard Group Inc. raised its stake in shares of Sabra Healthcare REIT by 6.3% in the first quarter. Vanguard Group Inc. now owns 12,432,068 shares of the real estate investment trust’s stock worth $347,228,000 after buying an additional 734,489 shares in the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Sabra Healthcare REIT by 174.6% in the first quarter. Alliancebernstein L.P. now owns 722,769 shares of the real estate investment trust’s stock worth $20,187,000 after buying an additional 459,547 shares in the last quarter. Institutional investors and hedge funds own 99.26% of the company’s stock.

Sabra Healthcare REIT, Inc. (NASDAQ SBRA) opened at 21.45 on Friday. Sabra Healthcare REIT, Inc. has a 52 week low of $19.30 and a 52 week high of $29.10.

The firm also recently announced a dividend, which will be paid on Friday, August 18th. Investors of record on Wednesday, August 16th will be paid a $0.3599 dividend. The ex-dividend date is Monday, August 14th. Sabra Healthcare REIT’s payout ratio is presently 145.76%.

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A number of equities research analysts recently weighed in on SBRA shares. Mizuho restated a “neutral” rating on shares of Sabra Healthcare REIT in a research report on Wednesday, June 28th. Cantor Fitzgerald reiterated a “buy” rating and issued a $30.00 price target on shares of Sabra Healthcare REIT in a research report on Monday, May 8th. Zacks Investment Research upgraded Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Jefferies Group LLC reiterated a “hold” rating and issued a $28.00 price target on shares of Sabra Healthcare REIT in a research report on Friday, May 12th. Finally, Canaccord Genuity reiterated a “hold” rating and issued a $26.00 price target on shares of Sabra Healthcare REIT in a research report on Tuesday, May 9th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $26.57.

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.

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

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