Sabra Health Care REIT (SBRA) Upgraded by BidaskClub to Hold

Sabra Health Care REIT (NASDAQ:SBRA) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.

A number of other research firms also recently commented on SBRA. Mizuho downgraded shares of Sabra Health Care REIT from a “buy” rating to a “neutral” rating and set a $21.00 target price on the stock. in a research report on Tuesday, November 13th. Zacks Investment Research raised shares of Sabra Health Care REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, October 31st. BMO Capital Markets started coverage on shares of Sabra Health Care REIT in a research report on Tuesday, September 18th. They set a “market perform” rating and a $24.00 target price on the stock. ValuEngine downgraded shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd. Finally, Raymond James downgraded shares of Sabra Health Care REIT from an “outperform” rating to a “market perform” rating in a research report on Friday, November 16th. Three analysts have rated the stock with a sell rating, seven have given 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 a consensus price target of $22.00.

NASDAQ SBRA opened at $19.27 on Friday. The company has a current ratio of 2.88, a quick ratio of 2.88 and a debt-to-equity ratio of 1.00. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 7.93, a price-to-earnings-growth ratio of 2.34 and a beta of 0.54. Sabra Health Care REIT has a one year low of $15.77 and a one year high of $23.83.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its earnings results on Monday, November 5th. The real estate investment trust reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.42). The business had revenue of $151.80 million for the quarter, compared to analysts’ expectations of $162.64 million. Sabra Health Care REIT had a net margin of 61.85% and a return on equity of 11.80%. On average, equities research analysts expect that Sabra Health Care REIT will post 2.35 EPS for the current year.

Several large investors have recently added to or reduced their stakes in SBRA. Qube Research & Technologies Ltd bought a new stake in shares of Sabra Health Care REIT in the 2nd quarter valued at about $115,000. US Bancorp DE boosted its holdings in shares of Sabra Health Care REIT by 91.5% in the 2nd quarter. US Bancorp DE now owns 5,699 shares of the real estate investment trust’s stock valued at $124,000 after buying an additional 2,723 shares in the last quarter. Centaurus Financial Inc. bought a new stake in shares of Sabra Health Care REIT in the 2nd quarter valued at about $125,000. NEXT Financial Group Inc bought a new stake in shares of Sabra Health Care REIT in the 3rd quarter valued at about $132,000. Finally, Winslow Evans & Crocker Inc. bought a new stake in shares of Sabra Health Care REIT in the 3rd quarter valued at about $162,000. Institutional investors and hedge funds own 92.24% 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.

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

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