Sabra Health Care REIT’s (SBRA) “Hold” Rating Reiterated at Raymond James Financial

Sabra Health Care REIT (NASDAQ:SBRA)‘s stock had its “hold” rating reaffirmed by equities researchers at Raymond James Financial in a research note issued to investors on Wednesday.

Other equities research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a report on Wednesday, August 30th. Mizuho upgraded shares of Sabra Health Care REIT from an “underperform” rating to a “neutral” rating and upped their price target for the company from $23.00 to $24.00 in a report on Monday, September 11th. Jefferies Group upgraded shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a report on Tuesday, August 15th. ValuEngine lowered shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Finally, Bank of America upped their price target on shares of Sabra Health Care REIT from $21.00 to $22.00 and gave the company an “underperform” rating in a report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $24.40.

Shares of Sabra Health Care REIT (SBRA) opened at $19.52 on Wednesday. Sabra Health Care REIT has a 1-year low of $18.48 and a 1-year high of $29.10. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.89. The company has a market cap of $3,471.96, a price-to-earnings ratio of 8.54, a P/E/G ratio of 2.53 and a beta of 0.92.

In other Sabra Health Care REIT news, Director Milton J. Walters sold 4,615 shares of the company’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $19.18, for a total value of $88,515.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SBRA. BlackRock Inc. raised its holdings in Sabra Health Care REIT by 9,246.7% in the 1st quarter. BlackRock Inc. now owns 9,293,011 shares of the real estate investment trust’s stock worth $259,556,000 after purchasing an additional 9,193,585 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Sabra Health Care REIT by 294.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 4,721,303 shares of the real estate investment trust’s stock worth $103,586,000 after purchasing an additional 3,523,631 shares in the last quarter. Anchor Capital Advisors LLC bought a new position in Sabra Health Care REIT in the 3rd quarter worth $40,616,000. APG Asset Management US Inc. raised its holdings in Sabra Health Care REIT by 160.6% in the 3rd quarter. APG Asset Management US Inc. now owns 2,874,000 shares of the real estate investment trust’s stock worth $63,056,000 after purchasing an additional 1,771,033 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Sabra Health Care REIT by 151.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,405,450 shares of the real estate investment trust’s stock worth $52,774,000 after purchasing an additional 1,450,287 shares in the last quarter. Institutional investors and hedge funds own 85.51% of the company’s stock.

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Sabra Health Care 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 Health Care REIT (NASDAQ:SBRA)

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