Sabra Health Care REIT (SBRA) Cut to Sell at Zacks Investment Research

Sabra Health Care REIT (NASDAQ:SBRA) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” 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 equities research analysts have also recently weighed in on the company. ValuEngine cut Sabra Health Care REIT from a “buy” rating to a “hold” rating in a report on Sunday, December 31st. Jefferies Group reaffirmed a “hold” rating on shares of Sabra Health Care REIT in a report on Thursday, December 21st. Raymond James Financial reaffirmed a “hold” rating on shares of Sabra Health Care REIT in a report on Wednesday, December 13th. TheStreet cut Sabra Health Care REIT from a “b-” rating to a “c” rating in a report on Friday, November 3rd. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $25.00 price target on shares of Sabra Health Care REIT in a report on Friday, November 3rd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $24.40.

Shares of Sabra Health Care REIT (NASDAQ SBRA) traded up $0.01 during mid-day trading on Wednesday, reaching $17.93. The company’s stock had a trading volume of 1,294,468 shares, compared to its average volume of 1,506,964. The firm has a market capitalization of $3,190.00, a P/E ratio of 22.99, a P/E/G ratio of 2.42 and a beta of 0.93. 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 12 month low of $17.76 and a 12 month high of $29.10.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.57). Sabra Health Care REIT had a net margin of 25.79% and a return on equity of 4.86%. analysts anticipate that Sabra Health Care REIT will post 2.47 earnings per share for the current fiscal year.

In related news, Director Milton J. Walters sold 4,615 shares of the business’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 transaction of $88,515.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 2.60% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of SBRA. Bank of New York Mellon Corp increased its holdings in shares of Sabra Health Care REIT by 294.2% in the third quarter. Bank of New York Mellon Corp now owns 4,721,303 shares of the real estate investment trust’s stock valued at $103,586,000 after buying an additional 3,523,631 shares in the last quarter. Anchor Capital Advisors LLC bought a new position in shares of Sabra Health Care REIT in the third quarter valued at $40,616,000. APG Asset Management US Inc. increased its holdings in shares of Sabra Health Care REIT by 160.6% in the third quarter. APG Asset Management US Inc. now owns 2,874,000 shares of the real estate investment trust’s stock valued at $63,056,000 after buying an additional 1,771,033 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Sabra Health Care REIT by 151.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,405,450 shares of the real estate investment trust’s stock valued at $52,774,000 after buying an additional 1,450,287 shares in the last quarter. Finally, Numeric Investors LLC bought a new position in shares of Sabra Health Care REIT in the second quarter valued at $30,450,000. 85.47% of the stock is currently owned by institutional investors.

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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.

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