Ameriprise Financial Inc. Boosts Position in Sabra Healthcare REIT, Inc. (SBRA)

Ameriprise Financial Inc. Boosts Position in Sabra Healthcare REIT, Inc. (SBRA)

Ameriprise Financial Inc. raised its stake in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 8.5% during the third quarter, Holdings Channel reports. The fund owned 342,692 shares of the company’s stock after buying an additional 26,776 shares during the period. Ameriprise Financial Inc. owned about 0.52% of Sabra Healthcare REIT worth $8,559,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Stevens Capital Management LP acquired a new stake in Sabra Healthcare REIT during the third quarter valued at about $727,000. Municipal Employees Retirement System of Michigan increased its stake in Sabra Healthcare REIT by 1.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 18,970 shares of the company’s stock valued at $478,000 after buying an additional 240 shares during the last quarter. BlackRock Group LTD increased its stake in Sabra Healthcare REIT by 10.9% in the third quarter. BlackRock Group LTD now owns 519,637 shares of the company’s stock valued at $13,085,000 after buying an additional 51,127 shares during the last quarter. Rhumbline Advisers increased its stake in Sabra Healthcare REIT by 5.6% in the third quarter. Rhumbline Advisers now owns 101,481 shares of the company’s stock valued at $2,555,000 after buying an additional 5,425 shares during the last quarter. Finally, Teachers Advisors LLC increased its stake in Sabra Healthcare REIT by 580.8% in the third quarter. Teachers Advisors LLC now owns 701,560 shares of the company’s stock valued at $17,665,000 after buying an additional 598,514 shares during the last quarter. 92.77% of the stock is owned by institutional investors and hedge funds.

Shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) traded down 1.16% during midday trading on Friday, reaching $25.65. The company had a trading volume of 142,621 shares. The company’s 50-day moving average is $24.66 and its 200-day moving average is $23.79. Sabra Healthcare REIT, Inc. has a 1-year low of $14.92 and a 1-year high of $26.60. The stock has a market capitalization of $1.67 billion, a PE ratio of 27.11 and a beta of 1.17.

Several research firms recently issued reports on SBRA. Zacks Investment Research downgraded shares of Sabra Healthcare REIT from a “buy” rating to a “hold” rating in a research report on Tuesday. JMP Securities restated a “market perform” rating on shares of Sabra Healthcare REIT in a research note on Wednesday, December 28th. Jefferies Group LLC restated a “hold” rating and set a $25.00 price objective on shares of Sabra Healthcare REIT in a research note on Sunday, October 23rd. Finally, Mizuho restated a “neutral” rating and set a $23.00 price objective on shares of Sabra Healthcare REIT in a research note on Monday, October 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the company. Sabra Healthcare REIT currently has a consensus rating of “Hold” and an average price target of $24.33.

About Sabra Healthcare REIT

Sabra Health Care REIT, Inc is a real estate investment trust. The Company owns and invests in real estate serving the healthcare industry. The Company’s segment is investments in healthcare-related real estate properties. Its primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.

Want to see what other hedge funds are holding SBRA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sabra Healthcare REIT, Inc. (NASDAQ:SBRA).

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