Sabra Health Care REIT Inc (SBRA) Shares Bought by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC grew its holdings in shares of Sabra Health Care REIT Inc (NASDAQ:SBRA) by 6.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 782,305 shares of the real estate investment trust’s stock after acquiring an additional 48,278 shares during the period. Wedge Capital Management L L P NC’s holdings in Sabra Health Care REIT were worth $14,684,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in SBRA. Amalgamated Bank boosted its stake in shares of Sabra Health Care REIT by 1.8% during the 2nd quarter. Amalgamated Bank now owns 8,880 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 159 shares during the last quarter. New York State Common Retirement Fund lifted its stake in Sabra Health Care REIT by 1.2% during the second quarter. New York State Common Retirement Fund now owns 222,168 shares of the real estate investment trust’s stock worth $5,354,000 after purchasing an additional 2,599 shares during the last quarter. GSA Capital Partners LLP bought a new position in Sabra Health Care REIT during the second quarter worth $270,000. Northern Trust Corp lifted its stake in Sabra Health Care REIT by 8.2% during the second quarter. Northern Trust Corp now owns 1,628,781 shares of the real estate investment trust’s stock worth $39,254,000 after purchasing an additional 123,380 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Sabra Health Care REIT by 6.4% during the second quarter. Vanguard Group Inc. now owns 13,229,559 shares of the real estate investment trust’s stock worth $318,832,000 after purchasing an additional 797,491 shares during the last quarter. Institutional investors own 85.68% of the company’s stock.

In other Sabra Health Care REIT news, Director Milton J. Walters sold 4,615 shares of the stock in a transaction on 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 is available through this link. 2.60% of the stock is owned by company insiders.

Shares of Sabra Health Care REIT Inc (SBRA) opened at $17.63 on Monday. Sabra Health Care REIT Inc has a 52-week low of $17.35 and a 52-week high of $29.10. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $3,142.23, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.40 and a beta of 0.74.

Several equities analysts recently issued reports on the company. ValuEngine cut Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Friday. SunTrust Banks set a $22.00 price objective on Sabra Health Care REIT and gave the stock a “buy” rating in a research note on Monday, January 22nd. Zacks Investment Research cut Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research note on Wednesday, January 17th. Jefferies Group restated a “hold” rating on shares of Sabra Health Care REIT in a research note on Thursday, December 21st. Finally, Raymond James Financial restated a “hold” rating on shares of Sabra Health Care REIT in a research note on Wednesday, December 13th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Sabra Health Care REIT currently has an average rating of “Hold” and a consensus target price of $24.10.

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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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