Cetera Investment Advisers Invests $505,000 in Sabra Healthcare REIT, Inc. (SBRA) Stock

Cetera Investment Advisers purchased a new stake in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 21,160 shares of the real estate investment trust’s stock, valued at approximately $505,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SBRA. UBS Asset Management Americas Inc. lifted its stake in Sabra Healthcare REIT by 28.7% in the first quarter. UBS Asset Management Americas Inc. now owns 133,525 shares of the real estate investment trust’s stock valued at $3,729,000 after buying an additional 29,778 shares in the last quarter. Karp Capital Management Corp bought a new position in Sabra Healthcare REIT in the first quarter valued at approximately $554,000. Parametric Portfolio Associates LLC lifted its stake in Sabra Healthcare REIT by 26.2% in the first quarter. Parametric Portfolio Associates LLC now owns 147,132 shares of the real estate investment trust’s stock valued at $4,109,000 after buying an additional 30,579 shares in the last quarter. Ameritas Investment Partners Inc. bought a new position in Sabra Healthcare REIT in the first quarter valued at approximately $156,000. Finally, Arizona State Retirement System lifted its stake in Sabra Healthcare REIT by 1.2% in the first quarter. Arizona State Retirement System now owns 33,996 shares of the real estate investment trust’s stock valued at $950,000 after buying an additional 400 shares in the last quarter. 99.26% of the stock is currently owned by hedge funds and other institutional investors.

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A number of brokerages have weighed in on SBRA. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $30.00 price target on shares of Sabra Healthcare REIT in a research note on Monday, October 9th. Mizuho reaffirmed a “hold” rating and issued a $23.00 price target on shares of Sabra Healthcare REIT in a research note on Wednesday, October 4th. ValuEngine raised shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $30.00 price target on shares of Sabra Healthcare REIT in a research note on Thursday, September 28th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $24.00 price target (down previously from $25.00) on shares of Sabra Healthcare REIT in a research note on Wednesday, September 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $25.30.

Shares of Sabra Healthcare REIT, Inc. (NASDAQ SBRA) traded up 0.968% during mid-day trading on Wednesday, hitting $21.375. 291,970 shares of the stock were exchanged. Sabra Healthcare REIT, Inc. has a 12-month low of $19.30 and a 12-month high of $29.10.

About Sabra Healthcare 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 Healthcare REIT (NASDAQ:SBRA)

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