Jefferies Group reaffirmed their hold rating on shares of Sabra Health Care REIT (NASDAQ:SBRA) in a research note issued to investors on Thursday, MarketBeat.com reports.

Several other equities research analysts also recently commented on SBRA. Zacks Investment Research upgraded shares of Sabra Health Care REIT from a hold rating to a buy rating and set a $24.00 target price on the stock in a research report on Tuesday, August 29th. ValuEngine downgraded shares of Sabra Health Care REIT from a buy rating to a hold rating in a research report on Friday, September 1st. JMP Securities upgraded shares of Sabra Health Care REIT from a market perform rating to an outperform rating and set a $23.00 target price on the stock in a research report on Tuesday, September 5th. Cantor Fitzgerald reiterated a buy rating and set a $30.00 target price on shares of Sabra Health Care REIT in a research report on Friday, September 8th. Finally, Bank of America boosted their price target on shares of Sabra Health Care REIT from $21.00 to $22.00 and gave the stock an underperform rating in a research report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Sabra Health Care REIT has a consensus rating of Hold and a consensus target price of $24.40.

Shares of Sabra Health Care REIT (NASDAQ:SBRA) opened at $18.71 on Thursday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.89. Sabra Health Care REIT has a 1 year low of $18.48 and a 1 year high of $29.10. The company has a market cap of $3,350.00, a P/E ratio of 23.99, a P/E/G ratio of 2.42 and a beta of 0.92.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 30th. Stockholders of record on Wednesday, November 15th were given a $0.07 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.50%. Sabra Health Care REIT’s dividend payout ratio (DPR) is currently 266.67%.

In other news, Director Milton J. Walters sold 4,615 shares of the business’s stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $19.18, for a total value of $88,515.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.60% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in SBRA. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Sabra Health Care REIT by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock valued at $100,000 after acquiring an additional 352 shares in the last quarter. FNY Partners Fund LP bought a new stake in shares of Sabra Health Care REIT in the 3rd quarter valued at $155,000. Flinton Capital Management LLC increased its stake in shares of Sabra Health Care REIT by 96.1% in the 2nd quarter. Flinton Capital Management LLC now owns 6,868 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 3,366 shares in the last quarter. Riverhead Capital Management LLC increased its stake in shares of Sabra Health Care REIT by 96.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,861 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 3,361 shares in the last quarter. Finally, Laurion Capital Management LP bought a new stake in shares of Sabra Health Care REIT in the 2nd quarter valued at $200,000. Institutional investors own 85.08% of the company’s stock.

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Sabra Health Care REIT Company Profile

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.

Analyst Recommendations for Sabra Health Care REIT (NASDAQ:SBRA)

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