Putnam Investments LLC Has $1.28 Million Stock Position in Sabra Health Care REIT, Inc. (NASDAQ:SBRA)

Putnam Investments LLC reduced its stake in shares of Sabra Health Care REIT, Inc. (NASDAQ:SBRA – Get Rating) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 97,470 shares of the real estate investment trust’s stock after selling 1,762 shares during the quarter. Putnam Investments LLC’s holdings in Sabra Health Care REIT were worth $1,279,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in SBRA. EverSource Wealth Advisors LLC acquired a new stake in shares of Sabra Health Care REIT during the third quarter worth approximately $29,000. Point72 Hong Kong Ltd acquired a new stake in shares of Sabra Health Care REIT during the second quarter worth approximately $31,000. Lazard Asset Management LLC acquired a new stake in shares of Sabra Health Care REIT during the second quarter worth approximately $38,000. Worth Asset Management LLC acquired a new stake in shares of Sabra Health Care REIT during the first quarter worth approximately $44,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Sabra Health Care REIT during the second quarter worth approximately $58,000. 87.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on SBRA. JMP Securities cut shares of Sabra Health Care REIT from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 13th. Bank of America lowered shares of Sabra Health Care REIT from a “neutral” rating to an “underperform” rating and cut their price objective for the company from $15.00 to $13.00 in a research report on Monday, November 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $14.50.

Sabra Health Care REIT Trading Up 0.2 %

NASDAQ:SBRA opened at $11.22 on Tuesday. Sabra Health Care REIT, Inc. has a 12 month low of $11.04 and a 12 month high of $16.60. The firm has a market cap of $2.59 billion, a price-to-earnings ratio of -33.00 and a beta of 1.30. The company has a quick ratio of 3.27, a current ratio of 3.27 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $12.83 and its 200-day moving average is $13.06.

Sabra Health Care REIT Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, February 28th. Stockholders of record on Monday, February 13th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 10.70%. The ex-dividend date of this dividend was Friday, February 10th. Sabra Health Care REIT’s dividend payout ratio is -352.94%.

About Sabra Health Care REIT

(Get Rating)

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Irvine, CA.