Teachers Advisors LLC Sells 627,119 Shares of Sabra Healthcare REIT, Inc. (SBRA)

Teachers Advisors LLC lessened its holdings in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 84.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 116,950 shares of the real estate investment trust’s stock after selling 627,119 shares during the period. Teachers Advisors LLC owned about 0.18% of Sabra Healthcare REIT worth $2,818,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Riverhead Capital Management LLC lifted its stake in shares of Sabra Healthcare REIT by 96.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,861 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 3,361 shares during the period. AJO LP bought a new stake in Sabra Healthcare REIT during the 2nd quarter worth approximately $7,505,000. Wells Fargo & Company MN raised its stake in Sabra Healthcare REIT by 47.3% during the 2nd quarter. Wells Fargo & Company MN now owns 1,024,637 shares of the real estate investment trust’s stock worth $24,693,000 after acquiring an additional 329,242 shares during the period. LSV Asset Management raised its stake in Sabra Healthcare REIT by 8.7% during the 2nd quarter. LSV Asset Management now owns 3,019,936 shares of the real estate investment trust’s stock worth $72,780,000 after acquiring an additional 241,022 shares during the period. Finally, P Schoenfeld Asset Management LP bought a new stake in Sabra Healthcare REIT during the 2nd quarter worth approximately $540,000. Hedge funds and other institutional investors own 99.26% of the company’s stock.

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Shares of Sabra Healthcare REIT, Inc. (NASDAQ SBRA) opened at 21.44 on Thursday. The firm’s 50-day moving average is $22.08 and its 200-day moving average is $23.77. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 18.05 and a beta of 0.88. Sabra Healthcare REIT, Inc. has a one year low of $19.30 and a one year high of $29.10.

A number of research firms have commented on SBRA. Zacks Investment Research upgraded shares of Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Jefferies Group LLC upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Tuesday, August 15th. Cantor Fitzgerald restated a “buy” rating and set a $30.00 target price on shares of Sabra Healthcare REIT in a research note on Thursday, September 28th. SunTrust Banks, Inc. restated a “buy” rating and set a $30.00 target price on shares of Sabra Healthcare REIT in a research note on Monday, October 9th. Finally, BidaskClub cut shares of Sabra Healthcare REIT from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $25.30.

Sabra Healthcare REIT Company 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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