ValuEngine upgraded shares of Sabra Health Care REIT (NASDAQ:SBRA) from a sell rating to a hold rating in a report released on Tuesday morning.

Other research analysts also recently issued research reports about the stock. Jefferies Financial Group reissued a $21.91 rating and issued a $22.00 price objective on shares of Sabra Health Care REIT in a research report on Wednesday, July 18th. Zacks Investment Research raised shares of Sabra Health Care REIT from a hold rating to a buy rating and set a $25.00 price objective for the company in a research report on Wednesday, July 11th. BidaskClub downgraded shares of Sabra Health Care REIT from a strong-buy rating to a buy rating in a research report on Wednesday, July 18th. Raymond James lifted their price objective on shares of Sabra Health Care REIT from $22.00 to $24.00 and gave the company a buy rating in a research report on Friday, August 17th. Finally, Mizuho reissued a buy rating and issued a $26.00 price objective on shares of Sabra Health Care REIT in a research report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $22.73.

Shares of SBRA traded down $0.62 during midday trading on Tuesday, reaching $21.19. The stock had a trading volume of 2,392,861 shares, compared to its average volume of 1,608,973. Sabra Health Care REIT has a one year low of $15.77 and a one year high of $23.83. The company has a market cap of $4.12 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 2.74 and a beta of 0.62. The company has a debt-to-equity ratio of 1.00, a current ratio of 3.16 and a quick ratio of 3.16.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $1.08 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.75. Sabra Health Care REIT had a net margin of 62.60% and a return on equity of 11.21%. The company had revenue of $166.31 million during the quarter, compared to the consensus estimate of $166.62 million. Analysts expect that Sabra Health Care REIT will post 2.47 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Tocqueville Asset Management L.P. lifted its stake in shares of Sabra Health Care REIT by 11.9% during the 2nd quarter. Tocqueville Asset Management L.P. now owns 21,747 shares of the real estate investment trust’s stock worth $473,000 after buying an additional 2,306 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of Sabra Health Care REIT by 14.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 19,786 shares of the real estate investment trust’s stock worth $430,000 after buying an additional 2,525 shares during the last quarter. US Bancorp DE raised its stake in Sabra Health Care REIT by 91.5% in the 2nd quarter. US Bancorp DE now owns 5,699 shares of the real estate investment trust’s stock worth $124,000 after purchasing an additional 2,723 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Sabra Health Care REIT by 4.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 69,494 shares of the real estate investment trust’s stock worth $1,510,000 after purchasing an additional 3,173 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in Sabra Health Care REIT by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 123,777 shares of the real estate investment trust’s stock worth $2,690,000 after purchasing an additional 3,177 shares in the last quarter. Institutional investors own 90.40% of the company’s stock.

About Sabra Health Care REIT

As of June 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 352 Skilled Nursing/Transitional Care facilities, (ii) 89 Senior Housing communities (?Senior Housing – Leased?), (iii) 24 Senior Housing communities operated by third-party property managers pursuant to property management agreements (?Senior Housing – Managed?) and (iv) 22 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan, (iv) one pre-development loan and (v) 17 other loans), 13 preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

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

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