State Street Corp. Reports 7.1% Stake in Sabra Health Care REIT
Ticker: SBRA · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1492298
| Field | Detail |
|---|---|
| Company | Sabra Health Care Reit, Inc. (SBRA) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amended-filing, real-estate, REIT
TL;DR
**State Street still holds a big chunk of Sabra Health Care REIT, but their stake slightly decreased.**
AI Summary
State Street Corporation, a major financial institution, filed an amended Schedule 13G/A on January 30, 2024, disclosing its ownership in Sabra Health Care REIT, Inc. As of December 31, 2023, State Street beneficially owned 16,339,076 shares of Sabra Health Care REIT's common stock, representing 7.1% of the company's outstanding shares. This filing indicates a slight decrease in their reported ownership from previous filings, which could signal a minor shift in institutional confidence or portfolio rebalancing, potentially affecting investor sentiment for Sabra Health Care REIT stock.
Why It Matters
This filing shows a significant institutional investor's current stake, which can influence market perception and potentially impact the stock price of Sabra Health Care REIT.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not indicate any immediate or significant risk to the company or its investors.
Analyst Insight
Investors should note State Street's continued significant, though slightly adjusted, stake in Sabra Health Care REIT, as large institutional holdings can provide a degree of stability or signal long-term confidence. Monitor future 13G/A filings for significant changes in ownership percentage, which could indicate a shift in institutional sentiment.
Key Numbers
- 16,339,076 — Shares Beneficially Owned (Represents the total number of Sabra Health Care REIT shares held by State Street Corporation as of December 31, 2023.)
- 7.1% — Ownership Percentage (Indicates the proportion of Sabra Health Care REIT's outstanding shares owned by State Street Corporation, showing a significant institutional stake.)
- 20240130 — Filing Date (The date the SC 13G/A was filed, providing the most recent public disclosure of State Street's ownership.)
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Sabra Health Care REIT, Inc. (company) — the subject company whose securities are being reported
- 16,339,076 (dollar_amount) — number of shares beneficially owned by State Street Corporation
- 7.1% (dollar_amount) — percentage of Sabra Health Care REIT's class of securities owned by State Street Corporation
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- State Street Corporation will maintain a significant, albeit potentially fluctuating, stake in Sabra Health Care REIT, Inc. throughout 2024. (State Street Corporation) — medium confidence, target: 2024-12-31
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment to a Schedule 13G, indicating that State Street Corporation is updating its previously reported beneficial ownership of Sabra Health Care REIT, Inc. securities as of December 31, 2023, under Rule 13d-1(b).
Who is the reporting person in this filing?
The reporting person is State Street Corporation, identified by CIK 0000093751 and IRS Identification No. 04-2456637, located at 1 Congress Street, Boston, MA.
What is the subject company and its CUSIP number?
The subject company is Sabra Health Care REIT, Inc., with CIK 0001492298, and the CUSIP number for its class of securities (REIT) is 78573L106.
How many shares of Sabra Health Care REIT does State Street Corporation beneficially own?
As of December 31, 2023, State Street Corporation beneficially owns 16,339,076 shares of Sabra Health Care REIT, Inc. common stock.
What percentage of Sabra Health Care REIT's outstanding shares does State Street Corporation own?
State Street Corporation owns 7.1% of the outstanding shares of Sabra Health Care REIT, Inc. as reported in this filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding Sabra Health Care REIT, Inc. (SBRA).