Schwab Charles Investment Management Inc. increased its holdings in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 103.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,140,134 shares of the real estate investment trust’s stock after acquiring an additional 580,906 shares during the period. Schwab Charles Investment Management Inc. owned about 0.64% of Sabra Health Care REIT worth $25,015,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sabra Health Care REIT by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 352 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in Sabra Health Care REIT by 15.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,900 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 800 shares during the last quarter. FNY Partners Fund LP bought a new position in Sabra Health Care REIT in the 3rd quarter valued at $155,000. Riverhead Capital Management LLC boosted its position in Sabra Health Care REIT by 96.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,861 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 3,361 shares during the last quarter. Finally, Flinton Capital Management LLC boosted its position in Sabra Health Care REIT by 96.1% in the 2nd quarter. Flinton Capital Management LLC now owns 6,868 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 3,366 shares during the last quarter. Institutional investors and hedge funds own 85.51% of the company’s stock.

Sabra Health Care REIT Inc (NASDAQ:SBRA) opened at $19.52 on Thursday. 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 has a market capitalization of $3,443.45, a price-to-earnings ratio of 8.47, a PEG ratio of 2.51 and a beta of 0.92. Sabra Health Care REIT Inc has a 12 month low of $18.48 and a 12 month high of $29.10.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Tuesday, November 14th. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently 221.28%.

A number of brokerages have commented on SBRA. Zacks Investment Research lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Mizuho upgraded Sabra Health Care REIT from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $23.00 to $24.00 in a research report on Monday, September 11th. ValuEngine lowered Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Bank of America increased their price objective on Sabra Health Care REIT from $21.00 to $22.00 and gave the company an “underperform” rating in a research report on Friday, September 8th. Finally, Cantor Fitzgerald reiterated a “buy” rating and issued a $30.00 price objective on shares of Sabra Health Care REIT in a research report on Thursday, September 28th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $24.40.

In other news, Director Milton J. Walters sold 4,615 shares of the stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $19.18, for a total value of $88,515.70. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.

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About Sabra Health Care 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 Health Care REIT (NASDAQ:SBRA)

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