Sabra Healthcare REIT, Inc. (SBRA) Stock Rating Upgraded by Zacks Investment Research

Zacks Investment Research upgraded shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) from a sell rating to a hold rating in a research report sent to investors on Tuesday, July 11th.

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 issued reports on SBRA. Cantor Fitzgerald reaffirmed a buy rating and set a $30.00 price target on shares of Sabra Healthcare REIT in a research note on Monday, May 8th. BidaskClub raised Sabra Healthcare REIT from a hold rating to a buy rating in a research note on Tuesday, June 27th. Mizuho reaffirmed a neutral rating on shares of Sabra Healthcare REIT in a research note on Wednesday, June 28th. Jefferies Group LLC reaffirmed a hold rating and set a $28.00 price target on shares of Sabra Healthcare REIT in a research note on Friday, May 12th. Finally, Canaccord Genuity reaffirmed a hold rating and set a $26.00 price target on shares of Sabra Healthcare REIT in a research note on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $26.57.

Sabra Healthcare REIT (NASDAQ SBRA) traded down 2.14% during midday trading on Tuesday, hitting $21.45. 2,988,847 shares of the stock were exchanged. The stock has a market cap of $1.40 billion, a P/E ratio of 18.06 and a beta of 0.89. Sabra Healthcare REIT has a one year low of $19.30 and a one year high of $29.10. The firm has a 50-day moving average price of $23.46 and a 200-day moving average price of $25.33.

Sabra Healthcare REIT (NASDAQ:SBRA) last released its quarterly earnings results on Monday, May 8th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by $0.33. The firm had revenue of $62.65 million for the quarter, compared to analyst estimates of $63.47 million. Sabra Healthcare REIT had a return on equity of 8.72% and a net margin of 34.99%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. On average, equities research analysts anticipate that Sabra Healthcare REIT will post $1.21 EPS for the current fiscal year.

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The company also recently announced a dividend, which will be paid on Friday, August 18th. Investors of record on Wednesday, August 16th will be paid a $0.3599 dividend. The ex-dividend date of this dividend is Monday, August 14th. Sabra Healthcare REIT’s payout ratio is 145.76%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Arizona State Retirement System increased its position in shares of Sabra Healthcare REIT by 0.3% in the second quarter. Arizona State Retirement System now owns 34,096 shares of the real estate investment trust’s stock valued at $822,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of Sabra Healthcare REIT by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 14,910 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 150 shares during the last quarter. Amalgamated Bank increased its position in shares of Sabra Healthcare 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 during the last quarter. AQR Capital Management LLC increased its position in shares of Sabra Healthcare REIT by 0.4% in the fourth quarter. AQR Capital Management LLC now owns 42,382 shares of the real estate investment trust’s stock valued at $1,035,000 after buying an additional 171 shares during the last quarter. Finally, Blair William & Co. IL increased its position in shares of Sabra Healthcare REIT by 0.9% in the first quarter. Blair William & Co. IL now owns 27,568 shares of the real estate investment trust’s stock valued at $770,000 after buying an additional 250 shares during the last quarter. 99.26% of the stock is owned by hedge funds and other institutional investors.

Sabra Healthcare 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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