Mizuho Reiterates Neutral Rating for Sabra Healthcare REIT Inc. (SBRA)
Sabra Healthcare REIT Inc. (NASDAQ:SBRA)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Mizuho in a research report issued to clients and investors on Monday.
A number of other brokerages have also recently weighed in on SBRA. TheStreet upgraded Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research report on Tuesday, August 2nd. BTIG Research initiated coverage on Sabra Healthcare REIT in a research report on Thursday, August 25th. They set a “neutral” rating on the stock. JMP Securities reiterated a “hold” rating on shares of Sabra Healthcare REIT in a research report on Friday, September 9th. Cantor Fitzgerald reiterated a “buy” rating on shares of Sabra Healthcare REIT in a research report on Friday, August 19th. Finally, Citigroup Inc. increased their price target on Sabra Healthcare REIT from $22.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 17th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $23.54.
Shares of Sabra Healthcare REIT (NASDAQ:SBRA) opened at 23.07 on Monday. The stock has a market capitalization of $1.51 billion, a P/E ratio of 27.56 and a beta of 1.05. Sabra Healthcare REIT has a 1-year low of $14.92 and a 1-year high of $26.40. The company has a 50 day moving average price of $24.62 and a 200-day moving average price of $22.32.
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Sabra Healthcare REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Monday, August 1st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Sabra Healthcare REIT had a return on equity of 6.27% and a net margin of 24.63%. The firm had revenue of $74.20 million for the quarter, compared to analysts’ expectations of $56.04 million. During the same quarter in the prior year, the firm posted $0.53 earnings per share. Sabra Healthcare REIT’s revenue for the quarter was up 31.1% compared to the same quarter last year. On average, equities research analysts forecast that Sabra Healthcare REIT will post $2.28 EPS for the current fiscal year.
Institutional investors have recently modified their holdings of the stock. Legal & General Group Plc raised its stake in Sabra Healthcare REIT by 8.8% in the first quarter. Legal & General Group Plc now owns 130,270 shares of the company’s stock valued at $2,614,000 after buying an additional 10,501 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Sabra Healthcare REIT during the first quarter valued at $1,374,000. Renaissance Technologies LLC bought a new stake in Sabra Healthcare REIT during the first quarter valued at $1,770,000. Kennedy Capital Management Inc. raised its stake in Sabra Healthcare REIT by 30.0% in the first quarter. Kennedy Capital Management Inc. now owns 486,457 shares of the company’s stock valued at $9,773,000 after buying an additional 112,169 shares in the last quarter. Finally, State Street Corp raised its stake in Sabra Healthcare REIT by 3.8% in the first quarter. State Street Corp now owns 1,314,831 shares of the company’s stock valued at $26,408,000 after buying an additional 48,078 shares in the last quarter. 92.14% of the stock is owned by hedge funds and other institutional investors.
About Sabra Healthcare REIT
Sabra Health Care REIT, Inc is a real estate investment trust. The Company owns and invests in real estate serving the healthcare industry. The Company’s segment is investments in healthcare-related real estate properties. Its primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.
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