AQR Capital Management LLC Reduces Stake in Sabra Healthcare REIT, Inc. (SBRA)

AQR Capital Management LLC cut its position in shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) by 10.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 37,829 shares of the real estate investment trust’s stock after selling 4,553 shares during the period. AQR Capital Management LLC owned about 0.06% of Sabra Healthcare REIT worth $1,057,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. State Street Corp boosted its stake in shares of Sabra Healthcare REIT by 8.8% in the first quarter. State Street Corp now owns 1,710,595 shares of the real estate investment trust’s stock worth $47,775,000 after buying an additional 137,778 shares during the period. Bank of America Corp DE boosted its stake in shares of Sabra Healthcare REIT by 3.6% in the first quarter. Bank of America Corp DE now owns 274,416 shares of the real estate investment trust’s stock worth $7,665,000 after buying an additional 9,436 shares during the period. BlackRock Inc. boosted its stake in shares of Sabra Healthcare REIT by 9,246.7% in the first quarter. BlackRock Inc. now owns 9,293,011 shares of the real estate investment trust’s stock worth $259,556,000 after buying an additional 9,193,585 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Sabra Healthcare REIT by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 919,088 shares of the real estate investment trust’s stock worth $25,669,000 after buying an additional 30,841 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Sabra Healthcare REIT by 6.3% in the first quarter. Vanguard Group Inc. now owns 12,432,068 shares of the real estate investment trust’s stock worth $347,228,000 after buying an additional 734,489 shares during the period. 99.26% of the stock is owned by hedge funds and other institutional investors.

Sabra Healthcare REIT, Inc. (SBRA) opened at 20.71 on Friday. Sabra Healthcare REIT, Inc. has a 12-month low of $19.30 and a 12-month high of $29.10.

The company also recently disclosed a dividend, which was paid on Friday, August 18th. Investors of record on Wednesday, August 16th were given a $0.3599 dividend. The ex-dividend date was Monday, August 14th. Sabra Healthcare REIT’s dividend payout ratio is presently 145.76%.

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A number of brokerages recently weighed in on SBRA. BidaskClub cut shares of Sabra Healthcare REIT from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Jefferies Group LLC raised shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Tuesday. Zacks Investment Research raised shares of Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $26.00 target price on shares of Sabra Healthcare REIT in a report on Friday, July 28th. Finally, Mizuho cut shares of Sabra Healthcare REIT from a “neutral” rating to an “underperform” rating and reduced their target price for the company from $25.00 to $23.00 in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $27.00.

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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