Global X MANAGEMENT CO LLC Increases Stake in Sabra Healthcare REIT, Inc. (SBRA)

Global X MANAGEMENT CO LLC raised its position in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 127.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 800,918 shares of the real estate investment trust’s stock after buying an additional 449,030 shares during the period. Global X MANAGEMENT CO LLC owned about 0.45% of Sabra Healthcare REIT worth $17,572,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sabra Healthcare REIT by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 352 shares during the period. Daiwa Securities Group Inc. boosted its position in Sabra Healthcare REIT by 15.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,900 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 800 shares during the period. Riverhead Capital Management LLC boosted its position in Sabra Healthcare REIT by 96.0% during the 2nd quarter. Riverhead Capital Management LLC now owns 6,861 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 3,361 shares during the period. Flinton Capital Management LLC boosted its position in Sabra Healthcare REIT by 96.1% during the 2nd quarter. Flinton Capital Management LLC now owns 6,868 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 3,366 shares during the period. Finally, Laurion Capital Management LP purchased a new stake in Sabra Healthcare REIT during the 2nd quarter valued at $200,000. 99.26% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts have weighed in on SBRA shares. Cantor Fitzgerald reissued a “buy” rating and set a $30.00 price target on shares of Sabra Healthcare REIT in a research report on Friday, September 8th. SunTrust Banks, Inc. reissued a “buy” rating and set a $30.00 price target on shares of Sabra Healthcare REIT in a research report on Monday, October 9th. Stifel Nicolaus reissued a “hold” rating and set a $22.00 price target on shares of Sabra Healthcare REIT in a research report on Friday, November 3rd. Capital One Financial Corporation started coverage on shares of Sabra Healthcare REIT in a research report on Monday, September 25th. They set an “equal weight” rating and a $24.00 price target for the company. Finally, Zacks Investment Research raised shares of Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.40.

TRADEMARK VIOLATION WARNING: This story was published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this story on another domain, it was illegally copied and republished in violation of United States & international trademark and copyright legislation. The correct version of this story can be accessed at https://stocknewstimes.com/2017/11/11/global-x-management-co-llc-increases-stake-in-sabra-healthcare-reit-inc-sbra.html.

Shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) traded up $0.26 during midday trading on Friday, reaching $19.46. 1,289,644 shares of the company’s stock traded hands, compared to its average volume of 1,579,794. 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 Healthcare REIT, Inc. has a 1-year low of $19.07 and a 1-year high of $29.10. The company has a market cap of $3,422.06, a price-to-earnings ratio of 8.42, a PEG ratio of 2.48 and a beta of 0.94.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Wednesday, November 15th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.28 annualized dividend and a yield of 1.44%. Sabra Healthcare REIT’s dividend payout ratio (DPR) is presently 153.19%.

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)

Receive News & Ratings for Sabra Healthcare REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Healthcare REIT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply