River Road Asset Management LLC increased its stake in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 30.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,314,827 shares of the real estate investment trust’s stock after buying an additional 536,583 shares during the period. River Road Asset Management LLC owned about 3.54% of Sabra Healthcare REIT worth $55,787,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SBRA. BlackRock Inc. boosted its position in 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 valued at $259,556,000 after buying an additional 9,193,585 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in Sabra Healthcare REIT during the first quarter valued at $207,000. APG Asset Management US Inc. bought a new position in Sabra Healthcare REIT during the second quarter valued at $26,582,000. Vanguard Group Inc. boosted its position in 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 valued at $347,228,000 after buying an additional 734,489 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in Sabra Healthcare REIT by 1.9% in the first 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 buying an additional 23,747 shares during the last quarter. 99.26% of the stock is owned by hedge funds and other institutional investors.

Sabra Healthcare REIT, Inc. (NASDAQ SBRA) opened at 21.63 on Monday. Sabra Healthcare REIT, Inc. has a 52-week low of $19.30 and a 52-week high of $29.10.

The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Wednesday, August 16th were given a $0.3599 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.66%. The ex-dividend date of this dividend was Monday, August 14th. Sabra Healthcare REIT’s dividend payout ratio is currently 122.03%.

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Several research analysts have recently weighed in on SBRA shares. Zacks Investment Research cut shares of Sabra Healthcare REIT from a “hold” rating to a “sell” rating in a report on Thursday, June 8th. BidaskClub cut shares of Sabra Healthcare REIT from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 16th. Cantor Fitzgerald reissued a “buy” rating and set a $30.00 price objective on shares of Sabra Healthcare REIT in a report on Monday, May 8th. Jefferies Group LLC reissued a “hold” rating and set a $28.00 price objective on shares of Sabra Healthcare REIT in a report on Friday, May 12th. Finally, Mizuho reissued a “neutral” rating on shares of Sabra Healthcare REIT in a report on Wednesday, June 28th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $27.00.

Sabra Healthcare REIT Company 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 Healthcare REIT (NASDAQ:SBRA)

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