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.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Amalgamated Bank lifted its stake in Sabra Health Care REIT by 1.8% in the 2nd quarter. Amalgamated Bank now owns 8,880 shares of the real estate investment trust’s stock valued at $214,000 after buying an additional 159 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Sabra Health Care REIT by 9.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 352 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in Sabra Health Care REIT by 5.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 40,497 shares of the real estate investment trust’s stock valued at $976,000 after buying an additional 2,264 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Sabra Health Care REIT by 1.2% in the 2nd quarter. New York State Common Retirement Fund now owns 222,168 shares of the real estate investment trust’s stock valued at $5,354,000 after buying an additional 2,599 shares in the last quarter. Finally, Essex Financial Services Inc. lifted its stake in Sabra Health Care REIT by 25.3% in the 3rd quarter. Essex Financial Services Inc. now owns 16,327 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 3,299 shares in the last quarter. Institutional investors and hedge funds own 85.08% 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.

Analyst Recommendations for Sabra Health Care REIT (NASDAQ:SBRA)

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