Todays Report: Today, Global X Management Co. LLC Buys 15 Shares of Sabra Healthcare REIT Inc. (SBRA)

Today, Global X Management Co. LLC Buys 15 Shares of Sabra Healthcare REIT Inc. (SBRA)

Global X Management Co. LLC raised its stake in shares of Sabra Healthcare REIT Inc. (NASDAQ:SBRA) by 0.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 387,481 shares of the company’s stock after buying an additional 15 shares during the period. Global X Management Co. LLC owned approximately 0.59% of Sabra Healthcare REIT worth $9,757,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SBRA. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Sabra Healthcare REIT by 1.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,447 shares of the company’s stock valued at $263,000 after buying an additional 118 shares during the period. Nationwide Fund Advisors boosted its stake in Sabra Healthcare REIT by 0.3% in the second quarter. Nationwide Fund Advisors now owns 42,258 shares of the company’s stock valued at $872,000 after buying an additional 120 shares during the period. Aperio Group LLC boosted its stake in Sabra Healthcare REIT by 1.2% in the third quarter. Aperio Group LLC now owns 21,477 shares of the company’s stock valued at $541,000 after buying an additional 263 shares during the period. PineBridge Investments L.P. boosted its stake in Sabra Healthcare REIT by 3.9% in the second quarter. PineBridge Investments L.P. now owns 8,278 shares of the company’s stock valued at $171,000 after buying an additional 313 shares during the period. Finally, Capstone Asset Management Co. boosted its stake in Sabra Healthcare REIT by 1.7% in the second quarter. Capstone Asset Management Co. now owns 20,163 shares of the company’s stock valued at $416,000 after buying an additional 340 shares during the period. Hedge funds and other institutional investors own 91.38% of the company’s stock.

Sabra Healthcare REIT Inc. (NASDAQ:SBRA) opened at 21.49 on Friday. Sabra Healthcare REIT Inc. has a 52-week low of $14.92 and a 52-week high of $26.40. The company’s 50 day moving average is $22.54 and its 200-day moving average is $22.80. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 25.68 and a beta of 1.18.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 30th. Shareholders of record on Tuesday, November 15th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date of this dividend is Thursday, November 10th. Sabra Healthcare REIT’s payout ratio is currently 178.72%.

Several equities research analysts have recently weighed in on SBRA shares. TheStreet upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. Zacks Investment Research upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Tuesday, November 1st. BTIG Research began coverage on shares of Sabra Healthcare REIT in a report on Thursday, August 25th. They issued a “neutral” rating for the company. JMP Securities restated a “hold” rating on shares of Sabra Healthcare REIT in a report on Friday, September 9th. Finally, Cantor Fitzgerald restated a “buy” rating on shares of Sabra Healthcare REIT in a report on Friday, August 19th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $24.15.

Sabra Healthcare REIT Company Profile

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