Sabra Health Care REIT (SBRA) Stock Rating Upgraded by Zacks Investment Research

Share on StockTwits

Sabra Health Care REIT (NASDAQ:SBRA) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Thursday. The brokerage currently has a $22.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s price objective would suggest a potential upside of 12.88% from the stock’s previous close.

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 research firms also recently weighed in on SBRA. Mizuho downgraded Sabra Health Care REIT from a “buy” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research note on Tuesday, November 13th. BMO Capital Markets restated a “hold” rating and issued a $17.00 target price on shares of Sabra Health Care REIT in a research note on Monday, January 14th. BidaskClub upgraded Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, January 29th. SunTrust Banks downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Finally, ValuEngine upgraded Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research note on Friday, January 4th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company’s stock. Sabra Health Care REIT has an average rating of “Hold” and a consensus target price of $21.09.

Sabra Health Care REIT stock traded down $0.19 during trading hours on Thursday, hitting $19.49. 13,867 shares of the stock traded hands, compared to its average volume of 1,457,031. The company has a debt-to-equity ratio of 1.00, a quick ratio of 2.88 and a current ratio of 2.88. The company has a market cap of $3.51 billion, a PE ratio of 8.05, a PEG ratio of 2.39 and a beta of 1.02. Sabra Health Care REIT has a 1 year low of $15.70 and a 1 year high of $23.83.

Several institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc boosted its position in Sabra Health Care REIT by 128.4% during the fourth quarter. IFP Advisors Inc now owns 3,099 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 1,742 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Sabra Health Care REIT by 913.7% during the fourth quarter. Bronfman E.L. Rothschild L.P. now owns 3,112 shares of the real estate investment trust’s stock worth $51,000 after purchasing an additional 2,805 shares in the last quarter. Bessemer Group Inc. purchased a new position in Sabra Health Care REIT during the fourth quarter worth approximately $55,000. Fort L.P. purchased a new position in Sabra Health Care REIT during the fourth quarter worth approximately $68,000. Finally, Oregon Public Employees Retirement Fund boosted its position in Sabra Health Care REIT by 1,548.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,159,764 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 1,089,390 shares in the last quarter. Hedge funds and other institutional investors own 89.98% of the company’s stock.

Sabra Health Care REIT Company Profile

As of September 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 350 Skilled Nursing/Transitional Care facilities, (ii) 91 Senior Housing communities (“Senior Housing – Leased”), (iii) 24 Senior Housing communities operated by third-party property managers pursuant to property management agreements (“Senior Housing – Managed”) and (iv) 22 Specialty Hospitals and Other facilities), one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan, (iv) one pre-development loan and (v) 17 other loans), 11 preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

Read More: How dollar cost averaging works

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