State of New Jersey Common Pension Fund D lowered its stake in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 4.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 324,500 shares of the real estate investment trust’s stock after selling 15,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Sabra Healthcare REIT were worth $7,821,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SBRA. Russell Investments Group Ltd. boosted its stake in shares of Sabra Healthcare REIT by 8,271.7% in the first quarter. Russell Investments Group Ltd. now owns 418,333 shares of the real estate investment trust’s stock valued at $11,684,000 after buying an additional 413,336 shares during the period. Shell Asset Management Co. bought a new stake in shares of Sabra Healthcare REIT during the first quarter valued at about $436,000. Janney Montgomery Scott LLC boosted its stake in shares of Sabra Healthcare REIT by 3.0% in the first quarter. Janney Montgomery Scott LLC now owns 38,618 shares of the real estate investment trust’s stock valued at $1,079,000 after buying an additional 1,128 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Sabra Healthcare REIT during the first quarter valued at about $420,000. Finally, State of Alaska Department of Revenue boosted its stake in shares of Sabra Healthcare REIT by 18.8% in the first quarter. State of Alaska Department of Revenue now owns 42,330 shares of the real estate investment trust’s stock valued at $1,180,000 after buying an additional 6,710 shares during the period. 99.26% of the stock is currently owned by institutional investors and hedge funds.

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

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

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Several brokerages have issued reports on SBRA. Cantor Fitzgerald reaffirmed a “buy” rating and set a $30.00 target price on shares of Sabra Healthcare REIT in a research report on Monday, May 8th. BidaskClub raised Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Mizuho reaffirmed a “neutral” rating on shares of Sabra Healthcare REIT in a research report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “hold” rating and set a $28.00 target price on shares of Sabra Healthcare REIT in a research report on Friday, May 12th. Finally, Canaccord Genuity reaffirmed a “hold” rating and set a $26.00 target price on shares of Sabra Healthcare REIT in a research report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the stock. Sabra Healthcare REIT currently has an average rating of “Hold” and an average target price 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.

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

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