Northern Trust Corp Boosts Holdings in Sabra Healthcare REIT, Inc. (SBRA)

Northern Trust Corp raised its position in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 8.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,628,781 shares of the real estate investment trust’s stock after purchasing an additional 123,380 shares during the quarter. Northern Trust Corp owned 2.49% of Sabra Healthcare REIT worth $39,254,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of SBRA. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Sabra Healthcare REIT by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 352 shares during the last quarter. Daiwa Securities Group Inc. raised its position in Sabra Healthcare REIT by 15.7% in the second quarter. Daiwa Securities Group Inc. now owns 5,900 shares of the real estate investment trust’s stock valued at $142,000 after purchasing an additional 800 shares during the last quarter. Ameritas Investment Partners Inc. bought a new position in Sabra Healthcare REIT in the first quarter valued at about $156,000. Riverhead Capital Management LLC raised its position in Sabra Healthcare REIT by 96.0% in the second quarter. Riverhead Capital Management LLC now owns 6,861 shares of the real estate investment trust’s stock valued at $165,000 after purchasing an additional 3,361 shares during the last quarter. Finally, Laurion Capital Management LP bought a new position in Sabra Healthcare REIT in the second quarter valued at about $200,000. Hedge funds and other institutional investors own 99.26% of the company’s stock.

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Several research firms have commented on SBRA. Mizuho downgraded Sabra Healthcare REIT from a “neutral” rating to an “underperform” rating and dropped their target price for the company from $25.00 to $23.00 in a research report on Monday, July 10th. BidaskClub upgraded Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research downgraded Sabra Healthcare REIT from a “buy” rating to a “hold” rating in a research report on Wednesday, August 30th. Stifel Nicolaus reiterated a “hold” rating and issued a $26.00 target price on shares of Sabra Healthcare REIT in a research report on Friday, July 28th. Finally, Jefferies Group LLC upgraded Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $25.00 target price for the company in a research report on Tuesday, August 15th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. Sabra Healthcare REIT presently has a consensus rating of “Hold” and an average target price of $25.30.

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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