Sabra Health Care REIT (NASDAQ:SBRA) Downgraded to Sell at Zacks Investment Research

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

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 analysts have also recently weighed in on SBRA. TheStreet cut Sabra Health Care REIT from a “b-” rating to a “c” rating in a research note on Tuesday, May 11th. BMO Capital Markets raised Sabra Health Care REIT from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $20.00 to $21.00 in a research report on Friday, May 21st. Finally, Stifel Nicolaus upgraded shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating and upped their target price for the company from $17.00 to $21.00 in a research note on Sunday, May 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $18.18.

NASDAQ:SBRA opened at $17.93 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.06 and a current ratio of 1.06. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 27.17 and a beta of 1.53. Sabra Health Care REIT has a fifty-two week low of $12.86 and a fifty-two week high of $18.95. The company’s 50-day moving average price is $17.73.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Wednesday, May 5th. The real estate investment trust reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by ($0.24). Sabra Health Care REIT had a net margin of 22.71% and a return on equity of 4.01%. Sell-side analysts anticipate that Sabra Health Care REIT will post 1.61 EPS for the current fiscal year.

In other Sabra Health Care REIT news, Director Catherine Cusack bought 2,000 shares of the business’s stock in a transaction that occurred on Thursday, May 13th. The stock was bought at an average cost of $17.19 per share, for a total transaction of $34,380.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. First Trust Advisors LP increased its holdings in Sabra Health Care REIT by 37.3% in the 1st quarter. First Trust Advisors LP now owns 113,444 shares of the real estate investment trust’s stock worth $2,209,000 after acquiring an additional 30,805 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Sabra Health Care REIT by 42.7% in the fourth quarter. Victory Capital Management Inc. now owns 349,199 shares of the real estate investment trust’s stock worth $6,066,000 after purchasing an additional 104,555 shares in the last quarter. California Public Employees Retirement System raised its position in shares of Sabra Health Care REIT by 10.8% during the 4th quarter. California Public Employees Retirement System now owns 550,818 shares of the real estate investment trust’s stock valued at $9,568,000 after purchasing an additional 53,733 shares during the period. Daiwa Securities Group Inc. lifted its stake in shares of Sabra Health Care REIT by 5.1% during the 4th quarter. Daiwa Securities Group Inc. now owns 49,016 shares of the real estate investment trust’s stock valued at $851,000 after buying an additional 2,400 shares in the last quarter. Finally, SG Americas Securities LLC increased its stake in Sabra Health Care REIT by 76.1% in the 4th quarter. SG Americas Securities LLC now owns 47,920 shares of the real estate investment trust’s stock worth $832,000 after buying an additional 20,711 shares in the last quarter. 86.94% of the stock is currently owned by institutional investors.

Sabra Health Care REIT Company Profile

As of September 30, 2020, Sabra's investment portfolio included 425 real estate properties held for investment (consisting of (i) 287 Skilled Nursing/Transitional Care facilities, (ii) 64 Senior Housing communities (ÂSenior Housing – LeasedÂ), (iii) 47 Senior Housing communities operated by third-party property managers pursuant to property management agreements (ÂSenior Housing – ManagedÂ) and (iv) 27 Specialty Hospitals and Other facilities), one asset held for sale, one investment in a direct financing lease, 19 investments in loans receivable (consisting of (i) one mortgage loan, (ii) one construction loan and (iii) 17 other loans), six preferred equity investments and one investment in an unconsolidated joint venture that owns 158 Senior Housing – Managed communities.

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