Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Sabra Health Care REIT, Inc. is a real estate investment trust that owns and invests in real estate serving the healthcare industry. The trust owns nursing homes, rehabilitation centers, assisted living facilities, and independent living centers. It leases properties to tenants and operators throughout the United States. Sabra Health Care REIT, Inc. is based in Irvine, California. “

A number of other research analysts have also commented on the company. Mizuho reiterated a “neutral” rating on shares of Sabra Healthcare REIT in a report on Wednesday, June 28th. Cantor Fitzgerald reiterated a “buy” rating and set a $30.00 price target on shares of Sabra Healthcare REIT in a report on Monday, May 8th. BidaskClub upgraded Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Jefferies Group LLC reiterated a “hold” rating and set a $28.00 price target on shares of Sabra Healthcare REIT in a report on Friday, May 12th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $26.00 price target on shares of Sabra Healthcare REIT in a report on Tuesday, May 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $25.67.

Sabra Healthcare REIT (NASDAQ:SBRA) opened at 21.90 on Wednesday. Sabra Healthcare REIT has a one year low of $19.30 and a one year high of $29.10.

COPYRIGHT VIOLATION WARNING: “Sabra Healthcare REIT, Inc. (SBRA) Rating Lowered to Hold at Zacks Investment Research” was originally posted by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright & trademark law. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/08/30/sabra-healthcare-reit-inc-sbra-rating-lowered-to-hold-at-zacks-investment-research.html.

Several hedge funds have recently added to or reduced their stakes in SBRA. Pensionfund DSM Netherlands boosted its stake in Sabra Healthcare REIT by 164.8% in the fourth quarter. Pensionfund DSM Netherlands now owns 141,400 shares of the real estate investment trust’s stock worth $2,861,000 after buying an additional 88,000 shares in the last quarter. Pensionfund Sabic boosted its stake in Sabra Healthcare REIT by 118.6% in the fourth quarter. Pensionfund Sabic now owns 51,600 shares of the real estate investment trust’s stock worth $1,044,000 after buying an additional 28,000 shares in the last quarter. Morgan Stanley boosted its stake in Sabra Healthcare REIT by 0.9% in the fourth quarter. Morgan Stanley now owns 55,899 shares of the real estate investment trust’s stock worth $1,131,000 after buying an additional 495 shares in the last quarter. SECOR Capital Advisors LP purchased a new stake in Sabra Healthcare REIT during the fourth quarter worth about $1,543,000. Finally, Opus Capital Group LLC boosted its stake in Sabra Healthcare REIT by 1.9% in the fourth quarter. Opus Capital Group LLC now owns 183,748 shares of the real estate investment trust’s stock worth $3,717,000 after buying an additional 3,377 shares in the last quarter. Institutional investors and hedge funds own 99.26% of the company’s stock.

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.

Get a free copy of the Zacks research report on Sabra Healthcare REIT (SBRA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Sabra Healthcare REIT (NASDAQ:SBRA)

Receive News & Ratings for Sabra Healthcare REIT Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Healthcare REIT Inc. and related companies with MarketBeat.com's FREE daily email newsletter.