Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) has been assigned an average recommendation of “Hold” from the twelve research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $25.67.

Several research firms recently commented on SBRA. Zacks Investment Research cut Sabra Healthcare REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, April 11th. Cantor Fitzgerald restated a “buy” rating and set a $30.00 target price on shares of Sabra Healthcare REIT in a research report on Monday, May 8th. BidaskClub upgraded Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Mizuho restated a “neutral” rating on shares of Sabra Healthcare REIT in a research report on Wednesday, June 28th. Finally, Jefferies Group LLC restated a “hold” rating and set a $28.00 target price on shares of Sabra Healthcare REIT in a research report on Friday, May 12th.

Large investors have recently modified their holdings of the company. APG Asset Management US Inc. purchased a new stake in shares of Sabra Healthcare REIT during the second quarter valued at about $26,582,000. Forsta AP Fonden raised its stake in shares of Sabra Healthcare REIT by 135.0% in the second quarter. Forsta AP Fonden now owns 28,200 shares of the real estate investment trust’s stock valued at $680,000 after buying an additional 16,200 shares during the period. Aperio Group LLC raised its stake in shares of Sabra Healthcare REIT by 11.6% in the second quarter. Aperio Group LLC now owns 22,137 shares of the real estate investment trust’s stock valued at $534,000 after buying an additional 2,303 shares during the period. State of Alaska Department of Revenue raised its stake in shares of Sabra Healthcare REIT by 10.8% in the second quarter. State of Alaska Department of Revenue now owns 46,896 shares of the real estate investment trust’s stock valued at $1,129,000 after buying an additional 4,566 shares during the period. Finally, Creative Planning raised its stake in shares of Sabra Healthcare REIT by 15.2% in the second quarter. Creative Planning now owns 16,417 shares of the real estate investment trust’s stock valued at $396,000 after buying an additional 2,169 shares during the period. 99.14% of the stock is owned by hedge funds and other institutional investors.

Shares of Sabra Healthcare REIT (SBRA) opened at 23.45 on Monday. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 16.21 and a beta of 0.90. Sabra Healthcare REIT has a 12 month low of $19.30 and a 12 month high of $29.10.

Sabra Healthcare REIT (NASDAQ:SBRA) last posted its earnings results on Monday, May 8th. The real estate investment trust reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.33. Sabra Healthcare REIT had a return on equity of 10.35% and a net margin of 40.22%. The business had revenue of $62.65 million for the quarter, compared to analysts’ expectations of $63.47 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Sabra Healthcare REIT’s quarterly revenue was up .1% compared to the same quarter last year. On average, equities research analysts expect that Sabra Healthcare REIT will post $1.20 EPS for the current year.

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Sabra Healthcare 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 Healthcare REIT (NASDAQ:SBRA)

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