Sabra Healthcare REIT, Inc. (SBRA) Stake Held by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System continued to hold its stake in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,607 shares of the real estate investment trust’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System’s holdings in Sabra Healthcare REIT were worth $1,244,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in SBRA. Bank of Montreal Can lifted its holdings in Sabra Healthcare REIT by 44.1% during the 1st quarter. Bank of Montreal Can now owns 3,893 shares of the real estate investment trust’s stock valued at $109,000 after purchasing an additional 1,191 shares during the last quarter. Great West Life Assurance Co. Can lifted its holdings in Sabra Healthcare REIT by 6.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 93,954 shares of the real estate investment trust’s stock valued at $2,621,000 after purchasing an additional 5,841 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Sabra Healthcare REIT by 0.7% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 62,551 shares of the real estate investment trust’s stock valued at $1,747,000 after purchasing an additional 421 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Sabra Healthcare REIT by 1.9% during the 1st quarter. Bank of New York Mellon Corp now owns 1,267,663 shares of the real estate investment trust’s stock valued at $35,405,000 after purchasing an additional 23,747 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Sabra Healthcare REIT by 9.6% during the 1st quarter. BNP Paribas Arbitrage SA now owns 37,139 shares of the real estate investment trust’s stock valued at $1,037,000 after purchasing an additional 3,262 shares during the last quarter. 99.26% of the stock is owned by hedge funds and other institutional investors.

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A number of equities analysts have weighed in on SBRA shares. Mizuho downgraded shares of Sabra Healthcare REIT from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $25.00 to $23.00 in a research note on Monday, July 10th. BidaskClub raised shares of Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Zacks Investment Research downgraded shares of Sabra Healthcare REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Jefferies Group LLC raised shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Tuesday, August 15th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $26.00 target price on shares of Sabra Healthcare REIT in a research note on Friday, July 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $25.00.

Sabra Healthcare REIT, Inc. (SBRA) opened at 23.44 on Tuesday. The company has a market capitalization of $1.53 billion, a P/E ratio of 19.73 and a beta of 0.89. Sabra Healthcare REIT, Inc. has a 52 week low of $19.30 and a 52 week high of $29.10. The firm has a 50 day moving average of $22.36 and a 200-day moving average of $24.60.

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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