Principal Financial Group Inc. Increases Position in Sabra Healthcare REIT, Inc. (SBRA)

Principal Financial Group Inc. increased its holdings in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 13.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 579,651 shares of the real estate investment trust’s stock after purchasing an additional 67,639 shares during the period. Principal Financial Group Inc. owned approximately 0.89% of Sabra Healthcare REIT worth $13,970,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SBRA. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sabra Healthcare REIT by 14.2% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,799 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 471 shares during the period. Bank of Montreal Can boosted its stake in Sabra Healthcare REIT by 44.1% during the first quarter. Bank of Montreal Can now owns 3,893 shares of the real estate investment trust’s stock worth $109,000 after buying an additional 1,191 shares during the period. Ameritas Investment Partners Inc. purchased a new position in Sabra Healthcare REIT during the first quarter worth $156,000. Daiwa Securities Group Inc. boosted its stake in Sabra Healthcare REIT by 15.7% during the second quarter. Daiwa Securities Group Inc. now owns 5,900 shares of the real estate investment trust’s stock worth $142,000 after buying an additional 800 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new position in Sabra Healthcare REIT during the first quarter worth $207,000. Institutional investors own 99.26% of the company’s stock.

Several research analysts have commented on the stock. Cantor Fitzgerald reaffirmed a “buy” rating and set a $30.00 price objective on shares of Sabra Healthcare REIT in a research note on Friday, September 8th. Jefferies Group LLC reaffirmed a “hold” rating and set a $25.00 price objective (down from $28.00) on shares of Sabra Healthcare REIT in a research note on Sunday, July 9th. BidaskClub lowered shares of Sabra Healthcare REIT from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised shares of Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Finally, JMP Securities raised shares of Sabra Healthcare REIT from a “market perform” rating to an “outperform” rating and set a $23.00 price objective for the company in a research note on Tuesday, September 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $25.00.

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Shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) opened at 22.97 on Wednesday. Sabra Healthcare REIT, Inc. has a 52 week low of $19.30 and a 52 week high of $29.10. The stock’s 50 day moving average is $22.35 and its 200-day moving average is $24.57. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 19.34 and a beta of 0.89.

Sabra Healthcare 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 Healthcare REIT (NASDAQ:SBRA)

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