Sabra Health Care REIT (NASDAQ:SBRA) was upgraded by investment analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday, BidAskClub reports.

Other analysts have also issued reports about the stock. SunTrust Banks reaffirmed a “hold” rating and set a $15.00 price target on shares of Sabra Health Care REIT in a research report on Thursday, April 23rd. Wells Fargo & Co upped their price target on shares of Sabra Health Care REIT from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Monday, June 22nd. JMP Securities started coverage on shares of Sabra Health Care REIT in a research report on Monday, June 8th. They set a “market perform” rating on the stock. Citigroup upped their price target on shares of Sabra Health Care REIT from $10.00 to $14.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Finally, Scotiabank raised shares of Sabra Health Care REIT from a “sector underperform” rating to a “sector perform” rating and upped their price target for the stock from $12.00 to $15.00 in a research report on Tuesday, June 23rd. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. Sabra Health Care REIT has an average rating of “Hold” and a consensus target price of $18.67.

SBRA traded down $0.17 during trading on Friday, reaching $14.74. The company had a trading volume of 1,554,661 shares, compared to its average volume of 1,332,404. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.64 and a quick ratio of 0.64. Sabra Health Care REIT has a 12 month low of $5.55 and a 12 month high of $24.95. The business’s fifty day moving average price is $14.37 and its 200 day moving average price is $15.39. The company has a market cap of $3.03 billion, a P/E ratio of 15.52 and a beta of 1.35.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings results on Wednesday, May 6th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.27). The company had revenue of $149.35 million during the quarter, compared to the consensus estimate of $154.28 million. Sabra Health Care REIT had a net margin of 26.98% and a return on equity of 5.42%. As a group, sell-side analysts predict that Sabra Health Care REIT will post 1.64 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Van ECK Associates Corp lifted its holdings in shares of Sabra Health Care REIT by 118.0% in the first quarter. Van ECK Associates Corp now owns 2,468 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 1,336 shares during the last quarter. Whittier Trust Co. lifted its holdings in shares of Sabra Health Care REIT by 57.6% in the second quarter. Whittier Trust Co. now owns 2,736 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 1,000 shares during the last quarter. Harwood Advisory Group LLC bought a new position in shares of Sabra Health Care REIT in the first quarter worth about $73,000. Cetera Investment Advisers bought a new position in shares of Sabra Health Care REIT in the first quarter worth about $110,000. Finally, Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Sabra Health Care REIT by 10.3% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 10,671 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 1,000 shares during the last quarter. 86.63% of the stock is owned by institutional investors and hedge funds.

Sabra Health Care REIT Company Profile

As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 Senior Housing communities (“Senior Housing – Leased”), (iii) 23 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 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 and (iv) 18 other loans), nine 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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