State Street Corp. Reports 7.1% Stake in Sabra Health Care REIT

Ticker: SBRA · Form: SC 13G/A · Filed: 2024-01-30T00:00:00.000Z

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.

From the Filing

0000093751-24-000461.txt : 20240130 0000093751-24-000461.hdr.sgml : 20240130 20240130135414 ACCESSION NUMBER: 0000093751-24-000461 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240130 DATE AS OF CHANGE: 20240130 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Sabra Health Care REIT, Inc. CENTRAL INDEX KEY: 0001492298 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 272560479 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-85962 FILM NUMBER: 24577181 BUSINESS ADDRESS: STREET 1: 18500 VON KARMAN STREET 2: SUITE 550 CITY: IRVINE STATE: CA ZIP: 92612 BUSINESS PHONE: 888-393-8248 MAIL ADDRESS: STREET 1: 18500 VON KARMAN STREET 2: SUITE 550 CITY: IRVINE STATE: CA ZIP: 92612 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: STATE STREET CORP CENTRAL INDEX KEY: 0000093751 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] ORGANIZATION NAME: 02 Finance IRS NUMBER: 042456637 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 BUSINESS PHONE: 617 786-3000 MAIL ADDRESS: STREET 1: 1 CONGRESS STREET STREET 2: SUITE 1 CITY: BOSTON STATE: MA ZIP: 02114 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET Corp DATE OF NAME CHANGE: 20090218 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET CORP DATE OF NAME CHANGE: 19970424 FORMER COMPANY: FORMER CONFORMED NAME: STATE STREET BOSTON FINANCIAL CORP DATE OF NAME CHANGE: 19780525 SC 13G/A 1 Sabra_Hlth_Care_REIT.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 AMENDED FILING SABRA HEALTH CARE REIT INC (NAME OF ISSUER) REIT (TITLE OF CLASS OF SECURITIES) 78573L106 (CUSIP NUMBER) 12/31/2023 (DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT) CHECK THE APPROPRIATE BOX TO DESIGNATE THE RULE PURSUANT TO WHICH THIS SCHEDULE IS FILED: (X) RULE 13D-1 (B) ( ) RULE 13D-1 (C) ( ) RULE 13D-1 (D) *THE REMAINDER OF THIS COVER PAGE SHALL BE FILLED OUT FOR A REPORTING PERSON`S INITIAL FILING ON THIS FORM WITH RESPECT TO THE SUBJECT CLASS OF SECURITIES, AND FOR ANY SUBSEQUENT AMENDMENT CONTAINING INFORMATION WHICH WOULD ALTER THE DISCLOSURES PROVIDED IN A PRIOR COVER PAGE. THE INFORMATION REQUIRED IN THE REMAINDER OF THIS COVER PAGE SHALL NOT BE DEEMED TO BE "FILED" FOR THE PURPOSE OF SECTION 18 OF THE SECURITIES EXCHANGE ACT OF 1934 ("ACT") OR OTHERWISE SUBJECT TO THE LIABILITIES OF THAT SECTION OF THE ACT BUT SHALL BE SUBJECT TO ALL OTHER PROVISIONS OF THE ACT (HOWEVER, SEE THE NOTES). CUSIP NO:78573L106 13G Page 2 of 5 Pages 1. NAME OF REPORTING PERSON: STATE STREET CORPORATION I.R.S. IDENTIFICATION NO. OF THE ABOVE PERSON: 04-2456637 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP NOT APPLICABLE 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION BOSTON, MASSACHUSETTS 5. SOLE VOTING POWER 0 SHARES 6. SHARED VOTING POWER 9,543,223 7. SOLE DISPOSITIVE POWER 0 SHARES 8. SHARED DISPOSITIVE POWER 12,498,600 9. AGGREGATED AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 12,521,700 10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES NOT APPLICABLE 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.42% 12. TYPE OF REPORTING PERSON HC CUSIP NO: 78573L106 13G Page 3 of 5 Pages ITEM 1. (A) NAME OF ISSUER SABRA HEALTH CARE REIT INC (B) ADDRESS OF ISSUER`S PRINCIPAL EXECUTIVE OFFICES 18500 VON KARMAN AVENUE SUITE 550 IRVINE CA 92612 UNITED STATES ITEM 2. (A) NAME OF PERSON FILING STATE STREET CORPORATION (B) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE STATE STREET FINANCIAL CENTER 1 CONGRESS STREET, SUITE 1 BOSTON, MA 02114-2016 (FOR ALL REPORTING PERSONS) (C) CITIZENSHIP: SEE ITEM 4 (CITIZENSHIP OR PLACE OF ORGANIZATION) OF COVER PAGES (D) TITLE OF CL