Sabra Healthcare REIT, Inc. (SBRA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) have earned an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $25.67.

Several research analysts have issued reports on the company. Mizuho lowered Sabra Healthcare REIT from a “neutral” rating to an “underperform” rating and dropped their price objective for the stock from $25.00 to $23.00 in a research note on Monday, July 10th. BidaskClub upgraded Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Canaccord Genuity reiterated a “hold” rating and set a $26.00 price objective on shares of Sabra Healthcare REIT in a research note on Tuesday, May 9th. Stifel Nicolaus reiterated a “hold” rating and set a $26.00 price objective on shares of Sabra Healthcare REIT in a research note on Friday, July 28th. Finally, Zacks Investment Research upgraded Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research note on Wednesday.

Hedge funds have recently made changes to their positions in the company. Acadian Asset Management LLC acquired a new stake in shares of Sabra Healthcare REIT during the first quarter valued at approximately $420,000. State of Alaska Department of Revenue boosted its stake in shares of Sabra Healthcare REIT by 18.8% in the first quarter. State of Alaska Department of Revenue now owns 42,330 shares of the real estate investment trust’s stock valued at $1,180,000 after buying an additional 6,710 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Sabra Healthcare REIT by 158.3% in the first quarter. Nisa Investment Advisors LLC now owns 31,770 shares of the real estate investment trust’s stock valued at $887,000 after buying an additional 19,470 shares during the last quarter. Smith Graham & Co. Investment Advisors LP boosted its stake in shares of Sabra Healthcare REIT by 40.1% in the first quarter. Smith Graham & Co. Investment Advisors LP now owns 303,785 shares of the real estate investment trust’s stock valued at $8,485,000 after buying an additional 86,950 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Sabra Healthcare REIT by 1.5% in the first quarter. Louisiana State Employees Retirement System now owns 26,600 shares of the real estate investment trust’s stock valued at $743,000 after buying an additional 400 shares during the last quarter. Institutional investors own 99.26% of the company’s stock.

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Sabra Healthcare REIT (NASDAQ SBRA) opened at 21.92 on Monday. The stock’s 50 day moving average is $23.46 and its 200 day moving average is $25.33. The firm has a market cap of $1.43 billion, a P/E ratio of 18.45 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.

Sabra Healthcare REIT (NASDAQ:SBRA) last released its quarterly earnings data 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. Sabra Healthcare REIT had a return on equity of 8.72% and a net margin of 34.99%. The company had revenue of $62.65 million for the quarter, compared to analyst estimates of $63.47 million. During the same quarter in the prior year, the company earned $0.54 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. On average, equities research analysts expect that Sabra Healthcare REIT will post $1.21 earnings per share for the current year.

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

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.

Analyst Recommendations for Sabra Healthcare REIT (NASDAQ:SBRA)

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