Stevens Capital Management LP Buys 68,183 Shares of Sabra Healthcare REIT, Inc. (SBRA)

Stevens Capital Management LP grew its stake in Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 356.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 87,308 shares of the real estate investment trust’s stock after purchasing an additional 68,183 shares during the period. Stevens Capital Management LP owned approximately 0.13% of Sabra Healthcare REIT worth $1,916,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Sabra Healthcare REIT by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 352 shares during the period. Daiwa Securities Group Inc. grew its holdings 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 acquiring an additional 800 shares during the period. Riverhead Capital Management LLC grew its holdings in Sabra Healthcare REIT by 96.0% during the second quarter. Riverhead Capital Management LLC now owns 6,861 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 3,361 shares during the period. Flinton Capital Management LLC grew its holdings in Sabra Healthcare REIT by 96.1% during the second quarter. Flinton Capital Management LLC now owns 6,868 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 3,366 shares during the period. Finally, Laurion Capital Management LP acquired a new position in Sabra Healthcare REIT during the second quarter worth $200,000. 99.26% of the stock is currently owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on SBRA. TheStreet lowered Sabra Healthcare REIT from a “b-” rating to a “c” rating in a report on Friday, November 3rd. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $25.00 price objective on shares of Sabra Healthcare REIT in a report on Friday, November 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $22.00 price objective on shares of Sabra Healthcare REIT in a report on Friday, November 3rd. Zacks Investment Research lowered Sabra Healthcare REIT from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Finally, Mizuho reaffirmed a “hold” rating and set a $23.00 price objective on shares of Sabra Healthcare REIT in a report on Wednesday, October 4th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $24.40.

Shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) opened at $19.46 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.66 and a quick ratio of 1.66. Sabra Healthcare REIT, Inc. has a 12-month low of $19.07 and a 12-month high of $29.10. The stock has a market capitalization of $3,468.39, a price-to-earnings ratio of 8.54, a PEG ratio of 2.52 and a beta of 0.94.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.44%. Sabra Healthcare REIT’s dividend payout ratio is currently 153.19%.

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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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