River Road Asset Management LLC decreased its holdings in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 2.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,206,716 shares of the real estate investment trust’s stock after selling 50,003 shares during the period. River Road Asset Management LLC’s holdings in Sabra Health Care REIT were worth $41,420,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its position in Sabra Health Care REIT by 294.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 4,721,303 shares of the real estate investment trust’s stock worth $103,586,000 after purchasing an additional 3,523,631 shares during the period. APG Asset Management US Inc. increased its position in Sabra Health Care REIT by 11.1% during the 4th quarter. APG Asset Management US Inc. now owns 3,193,000 shares of the real estate investment trust’s stock worth $59,933,000 after purchasing an additional 319,000 shares during the period. Dimensional Fund Advisors LP increased its position in Sabra Health Care REIT by 151.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,405,450 shares of the real estate investment trust’s stock worth $52,774,000 after purchasing an additional 1,450,287 shares during the period. Anchor Capital Advisors LLC acquired a new position in Sabra Health Care REIT during the 3rd quarter worth approximately $40,616,000. Finally, State Street Corp increased its position in Sabra Health Care REIT by 3.8% during the 2nd quarter. State Street Corp now owns 1,775,988 shares of the real estate investment trust’s stock worth $42,795,000 after purchasing an additional 65,393 shares during the period. Institutional investors own 85.68% of the company’s stock.

Several equities analysts have issued reports on the company. ValuEngine cut Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. SunTrust Banks set a $22.00 target price on Sabra Health Care REIT and gave the stock a “buy” rating in a research report on Monday, January 22nd. Zacks Investment Research cut Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, January 17th. Jefferies Group reiterated a “hold” rating on shares of Sabra Health Care REIT in a research report on Thursday, December 21st. Finally, Raymond James Financial reiterated a “hold” rating on shares of Sabra Health Care REIT in a research report on Wednesday, December 13th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $24.10.

Shares of Sabra Health Care REIT Inc (SBRA) opened at $17.10 on Thursday. The firm has a market capitalization of $3,062.03, a P/E ratio of 18.19, a P/E/G ratio of 2.34 and a beta of 0.74. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.89. Sabra Health Care REIT Inc has a fifty-two week low of $16.68 and a fifty-two week high of $29.10.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Thursday, February 15th will be issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.53%. The ex-dividend date is Wednesday, February 14th. Sabra Health Care REIT’s dividend payout ratio is currently 221.28%.

In related news, Director Milton J. Walters sold 4,615 shares of the company’s stock in a transaction that occurred 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 legal filing with the SEC, which is available at this link. Corporate insiders own 2.60% of the company’s stock.

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Sabra Health Care 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 Health Care REIT (NASDAQ:SBRA)

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