Keeley Teton Advisors LLC decreased its holdings in Sabra Health Care REIT, Inc. (NASDAQ:SBRA - Get Rating) by 2.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 570,068 shares of the real estate investment trust's stock after selling 13,306 shares during the quarter. Sabra Health Care REIT accounts for approximately 1.0% of Keeley Teton Advisors LLC's holdings, making the stock its 10th biggest position. Keeley Teton Advisors LLC owned approximately 0.25% of Sabra Health Care REIT worth $7,479,000 as of its most recent SEC filing.
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A number of other hedge funds have also bought and sold shares of the business. Deutsche Bank AG increased its position in shares of Sabra Health Care REIT by 161.6% during the 2nd quarter. Deutsche Bank AG now owns 5,097,445 shares of the real estate investment trust's stock valued at $71,210,000 after purchasing an additional 3,148,985 shares during the last quarter. Millennium Management LLC increased its position in shares of Sabra Health Care REIT by 3,773.6% during the 2nd quarter. Millennium Management LLC now owns 1,998,167 shares of the real estate investment trust's stock valued at $27,914,000 after purchasing an additional 1,946,583 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Sabra Health Care REIT by 290.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 2,487,838 shares of the real estate investment trust's stock valued at $32,527,000 after purchasing an additional 1,851,243 shares during the last quarter. State Street Corp increased its position in shares of Sabra Health Care REIT by 18.1% during the 1st quarter. State Street Corp now owns 12,035,766 shares of the real estate investment trust's stock valued at $179,213,000 after purchasing an additional 1,840,939 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Sabra Health Care REIT by 59.3% during the 1st quarter. Invesco Ltd. now owns 2,732,970 shares of the real estate investment trust's stock valued at $40,695,000 after purchasing an additional 1,017,252 shares during the last quarter. Hedge funds and other institutional investors own 87.20% of the company's stock.
SBRA stock opened at $13.02 on Tuesday. Sabra Health Care REIT, Inc. has a 1-year low of $11.44 and a 1-year high of $16.60. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of -162.75 and a beta of 1.29. The business has a 50 day simple moving average of $12.97 and a two-hundred day simple moving average of $13.44.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 28th. Shareholders of record on Monday, February 13th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Friday, February 10th. This represents a $1.20 annualized dividend and a yield of 9.22%. Sabra Health Care REIT's payout ratio is -1,500.00%.
Several equities research analysts have recently commented on SBRA shares. Bank of America lowered shares of Sabra Health Care REIT from a "neutral" rating to an "underperform" rating and reduced their price target for the company from $15.00 to $13.00 in a research report on Monday, November 14th. JMP Securities downgraded Sabra Health Care REIT from an "outperform" rating to a "market perform" rating in a research note on Tuesday, December 13th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $14.89.
Sabra Health Care REIT, Inc engages in managing and investing in healthcare-related real estate properties. It focuses on the acquisition, financing and owning real estate property to be leased to third party tenants in the healthcare sector. The company was founded on May 10, 2010 and is headquartered in Irvine, CA.
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