Sabra Health Care REIT Inc (SBRA) Receives Consensus Recommendation of “Hold” from Analysts
Sabra Health Care REIT Inc (NASDAQ:SBRA) has been assigned an average rating of “Hold” from the fourteen ratings firms that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $24.38.
Several equities analysts have issued reports on the company. Zacks Investment Research cut Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Jefferies Group restated a “buy” rating and issued a $24.00 price target (down previously from $25.00) on shares of Sabra Health Care REIT in a report on Wednesday, September 27th. ValuEngine cut Sabra Health Care REIT from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Cantor Fitzgerald restated a “buy” rating and issued a $30.00 price target on shares of Sabra Health Care REIT in a report on Thursday, September 28th. Finally, TheStreet cut Sabra Health Care REIT from a “b-” rating to a “c” rating in a report on Friday, November 3rd.
In related news, Director Milton J. Walters sold 4,615 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $19.18, for a total value of $88,515.70. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.60% of the company’s stock.
Sabra Health Care REIT (NASDAQ:SBRA) opened at $17.83 on Monday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.66 and a current ratio of 1.66. Sabra Health Care REIT has a 52-week low of $17.82 and a 52-week high of $29.10. The stock has a market capitalization of $3,177.88, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 2.42 and a beta of 0.93.
Sabra Health Care REIT (NASDAQ:SBRA) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.57). Sabra Health Care REIT had a return on equity of 4.86% and a net margin of 25.79%. sell-side analysts forecast that Sabra Health Care REIT will post 2.47 earnings per share for the current fiscal year.
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About Sabra Health Care REIT
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.
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