Van ECK Associates Corp increased its position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Get Rating) by 79.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,935 shares of the real estate investment trust’s stock after purchasing an additional 10,630 shares during the quarter. Van ECK Associates Corp’s holdings in Sabra Health Care REIT were worth $298,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the company. Swiss National Bank raised its holdings in shares of Sabra Health Care REIT by 1.8% in the 4th quarter. Swiss National Bank now owns 557,641 shares of the real estate investment trust’s stock valued at $6,931,000 after purchasing an additional 10,000 shares during the period. Russell Investments Group Ltd. grew its position in shares of Sabra Health Care REIT by 17.6% in the fourth quarter. Russell Investments Group Ltd. now owns 2,924,965 shares of the real estate investment trust’s stock valued at $36,367,000 after purchasing an additional 437,127 shares during the last quarter. Arizona State Retirement System increased its stake in shares of Sabra Health Care REIT by 3.8% during the fourth quarter. Arizona State Retirement System now owns 65,174 shares of the real estate investment trust’s stock worth $810,000 after purchasing an additional 2,412 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Sabra Health Care REIT by 2.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 80,500 shares of the real estate investment trust’s stock worth $1,000,000 after purchasing an additional 1,656 shares during the period. Finally, Hollencrest Capital Management bought a new position in shares of Sabra Health Care REIT during the fourth quarter worth approximately $31,000. 87.20% of the stock is owned by institutional investors.
Sabra Health Care REIT Trading Down 1.9 %
Shares of SBRA stock opened at $11.04 on Wednesday. The stock’s fifty day moving average price is $11.23 and its two-hundred day moving average price is $12.24. Sabra Health Care REIT, Inc. has a fifty-two week low of $10.08 and a fifty-two week high of $16.60. The company has a quick ratio of 3.13, a current ratio of 3.13 and a debt-to-equity ratio of 0.81.
Sabra Health Care REIT Dividend Announcement
Analyst Ratings Changes
A number of brokerages have recently weighed in on SBRA. Truist Financial lowered their target price on Sabra Health Care REIT from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, March 29th. Credit Suisse Group reiterated a “neutral” rating and set a $13.00 target price on shares of Sabra Health Care REIT in a research note on Wednesday, April 12th. Wells Fargo & Company began coverage on Sabra Health Care REIT in a research note on Wednesday, April 19th. They set an “underweight” rating and a $11.00 target price on the stock. Stifel Nicolaus lowered their target price on Sabra Health Care REIT from $15.00 to $14.00 in a research note on Thursday, May 4th. Finally, Barclays lowered their price objective on Sabra Health Care REIT from $15.00 to $13.00 in a research note on Tuesday, April 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $13.18.
About Sabra Health Care REIT
Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Irvine, CA.
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