Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) had its price objective increased by research analysts at Bank of America Corporation from $21.00 to $22.00 in a note issued to investors on Friday. The brokerage currently has an “underperform” rating on the real estate investment trust’s stock. Bank of America Corporation’s target price suggests a potential downside of 1.52% from the company’s current price.

A number of other equities analysts have also commented on SBRA. Jefferies Group LLC reissued a “hold” rating and issued a $28.00 price target on shares of Sabra Healthcare REIT in a research report on Friday, May 12th. Zacks Investment Research lowered shares of Sabra Healthcare REIT from a “hold” rating to a “sell” rating in a research report on Thursday, June 8th. BidaskClub raised shares of Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Mizuho reissued a “neutral” rating on shares of Sabra Healthcare REIT in a research report on Wednesday, June 28th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $26.00 price target on shares of Sabra Healthcare REIT in a research report on Friday, July 28th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $24.88.

Sabra Healthcare REIT (SBRA) traded up 1.97% during midday trading on Friday, reaching $22.78. 2,172,587 shares of the company were exchanged. The firm has a market cap of $1.49 billion, a P/E ratio of 19.18 and a beta of 0.89. Sabra Healthcare REIT has a one year low of $19.30 and a one year high of $29.10. The firm’s 50-day moving average is $22.40 and its 200-day moving average is $24.79.

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Hedge funds have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Sabra Healthcare REIT by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 352 shares during the period. Bank of Montreal Can increased its position in Sabra Healthcare REIT by 44.1% during the first quarter. Bank of Montreal Can now owns 3,893 shares of the real estate investment trust’s stock worth $109,000 after acquiring an additional 1,191 shares during the period. Daiwa Securities Group Inc. increased its position in Sabra Healthcare REIT by 15.7% during the second quarter. Daiwa Securities Group Inc. now owns 5,900 shares of the real estate investment trust’s stock worth $142,000 after acquiring an additional 800 shares during the period. Ameritas Investment Partners Inc. bought a new position in Sabra Healthcare REIT during the first quarter worth $156,000. Finally, Riverhead Capital Management LLC increased its position in Sabra Healthcare REIT by 96.0% during the second quarter. Riverhead Capital Management LLC now owns 6,861 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 3,361 shares during the period. 99.26% of the stock is currently owned by institutional investors and hedge funds.

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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