Sabra Health Care REIT (SBRA) Given a $22.00 Price Target at SunTrust Banks

Sabra Health Care REIT (NASDAQ:SBRA) has been assigned a $22.00 price target by equities research analysts at SunTrust Banks in a research report issued on Monday. The firm presently has a “buy” rating on the real estate investment trust’s stock. SunTrust Banks’ target price would suggest a potential upside of 23.87% from the company’s current price.

A number of other brokerages have also recently issued reports on SBRA. Capital One Financial initiated coverage on shares of Sabra Health Care REIT in a research report on Monday, September 25th. They set an “equal weight” rating and a $24.00 target price for the company. Jefferies Group reiterated a “buy” rating and set a $24.00 target price (down previously from $25.00) on shares of Sabra Health Care REIT in a research report on Wednesday, September 27th. Cantor Fitzgerald reiterated a “buy” rating and set a $30.00 target price on shares of Sabra Health Care REIT in a research report on Thursday, September 28th. ValuEngine upgraded shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Mizuho reiterated a “hold” rating and set a $23.00 target price on shares of Sabra Health Care REIT in a research report on Wednesday, October 4th. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $24.10.

Sabra Health Care REIT (SBRA) traded up $0.24 during trading on Monday, hitting $18.00. The company’s stock had a trading volume of 1,270,000 shares, compared to its average volume of 1,580,000. Sabra Health Care REIT has a 52-week low of $17.61 and a 52-week high of $29.10. The company has a market cap of $3,210.00, a PE ratio of 23.08, a price-to-earnings-growth ratio of 2.42 and a beta of 0.93. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.66 and a quick ratio of 1.66.

Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. sell-side analysts expect 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 Sabra Health Care REIT stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $19.18, for a total transaction of $88,515.70. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.60% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Amalgamated Bank lifted its stake in Sabra Health Care REIT by 1.8% in the second 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 raised its holdings in shares of Sabra Health Care REIT by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock valued at $100,000 after purchasing an additional 352 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of Sabra Health Care REIT by 5.9% in the second 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 purchasing an additional 2,264 shares during the last quarter. New York State Common Retirement Fund raised its holdings in shares of Sabra Health Care REIT by 1.2% in the second 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 purchasing an additional 2,599 shares during the last quarter. Finally, Essex Financial Services Inc. raised its holdings in shares of Sabra Health Care REIT by 25.3% in the third quarter. Essex Financial Services Inc. now owns 16,327 shares of the real estate investment trust’s stock valued at $358,000 after purchasing an additional 3,299 shares during the last quarter. 85.01% of the stock is currently owned by hedge funds and other institutional investors.

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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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