Cubist Systematic Strategies LLC raised its position in Sabra Health Care REIT Inc (NASDAQ:SBRA) by 8,033.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,403 shares of the real estate investment trust’s stock after buying an additional 84,353 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Sabra Health Care REIT were worth $1,874,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of SBRA. Highbridge Capital Management LLC raised its stake in shares of Sabra Health Care REIT by 12.1% during the 3rd quarter. Highbridge Capital Management LLC now owns 369,634 shares of the real estate investment trust’s stock valued at $8,110,000 after purchasing an additional 39,954 shares during the period. Jane Street Group LLC bought a new stake in shares of Sabra Health Care REIT during the 3rd quarter valued at $1,816,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Sabra Health Care REIT during the 3rd quarter valued at $1,705,000. First Allied Advisory Services Inc. bought a new stake in shares of Sabra Health Care REIT during the 3rd quarter valued at $286,000. Finally, Boothbay Fund Management LLC bought a new stake in shares of Sabra Health Care REIT during the 3rd quarter valued at $454,000. Hedge funds and other institutional investors own 85.51% of the company’s stock.

In other Sabra Health Care REIT news, Director Milton J. Walters sold 4,615 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $19.18, for a total value of $88,515.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.60% of the stock is owned by corporate insiders.

Sabra Health Care REIT Inc (NASDAQ:SBRA) opened at $19.22 on Friday. The firm has a market capitalization of $3,479.09, a PE ratio of 8.56, a price-to-earnings-growth ratio of 2.54 and a beta of 0.92. 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 one year low of $18.48 and a one year high of $29.10.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th were paid a $0.07 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.46%. Sabra Health Care REIT’s dividend payout ratio is currently 221.28%.

A number of analysts recently issued reports on SBRA shares. Cantor Fitzgerald reiterated a “buy” rating and set a $30.00 price objective on shares of Sabra Health Care REIT in a research note on Friday, September 8th. Stifel Nicolaus reiterated a “hold” rating and set a $22.00 price objective on shares of Sabra Health Care REIT in a research note on Friday, November 3rd. SunTrust Banks reiterated a “buy” rating and set a $30.00 price objective on shares of Sabra Health Care REIT in a research note on Monday, October 9th. Capital One Financial started coverage on Sabra Health Care REIT in a research note on Monday, September 25th. They set an “equal weight” rating and a $24.00 price objective on the stock. Finally, TheStreet lowered Sabra Health Care REIT from a “b-” rating to a “c” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.40.

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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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