Sabra Health Care REIT (SBRA) Upgraded by Zacks Investment Research to Hold

Sabra Health Care REIT (NASDAQ:SBRA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors 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. “

Several other analysts have also issued reports on SBRA. Stifel Nicolaus restated a “hold” rating and set a $22.00 target price on shares of Sabra Health Care REIT in a research report on Friday, November 3rd. SunTrust Banks restated a “buy” rating and set a $25.00 target price on shares of Sabra Health Care REIT in a research report on Friday, November 3rd. TheStreet lowered shares of Sabra Health Care REIT from a “b-” rating to a “c” rating in a research report on Friday, November 3rd. Raymond James Financial reaffirmed a “hold” rating on shares of Sabra Health Care REIT in a report on Wednesday, December 13th. Finally, Jefferies Group reaffirmed a “hold” rating on shares of Sabra Health Care REIT in a report on Thursday, December 21st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company’s stock. Sabra Health Care REIT presently has an average rating of “Hold” and an average target price of $24.10.

Shares of Sabra Health Care REIT (NASDAQ SBRA) opened at $16.80 on Wednesday. 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 stock has a market cap of $2,996.08, a P/E ratio of 17.87, a P/E/G ratio of 2.29 and a beta of 0.74. Sabra Health Care REIT has a 12-month low of $15.93 and a 12-month high of $29.10.

In other Sabra Health Care REIT 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 sale was disclosed in a filing with the SEC, which is accessible through this link. 2.60% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System lifted its holdings in shares of Sabra Health Care REIT by 8.1% in the second quarter. California Public Employees Retirement System now owns 121,200 shares of the real estate investment trust’s stock worth $2,921,000 after buying an additional 9,100 shares in the last quarter. Piedmont Investment Advisors LLC purchased a new position in shares of Sabra Health Care REIT in the second quarter worth $340,000. California State Teachers Retirement System lifted its holdings in shares of Sabra Health Care REIT by 145.3% in the third quarter. California State Teachers Retirement System now owns 280,303 shares of the real estate investment trust’s stock worth $6,150,000 after buying an additional 166,039 shares in the last quarter. Highbridge Capital Management LLC lifted its holdings in shares of Sabra Health Care REIT by 12.1% in the third quarter. Highbridge Capital Management LLC now owns 369,634 shares of the real estate investment trust’s stock worth $8,110,000 after buying an additional 39,954 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Sabra Health Care REIT by 115.1% in the third quarter. Ameriprise Financial Inc. now owns 1,326,601 shares of the real estate investment trust’s stock worth $29,105,000 after buying an additional 709,983 shares in the last quarter. 85.68% of the stock is currently owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: “Sabra Health Care REIT (SBRA) Upgraded by Zacks Investment Research to Hold” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/02/14/sabra-health-care-reit-sbra-upgraded-by-zacks-investment-research-to-hold.html.

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.

Get a free copy of the Zacks research report on Sabra Health Care REIT (SBRA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Sabra Health Care REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Health Care REIT and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply