Sabra Health Care REIT (SBRA) Upgraded at ValuEngine

ValuEngine upgraded shares of Sabra Health Care REIT (NASDAQ:SBRA) from a sell rating to a hold rating in a research report released on Thursday.

A number of other research firms also recently weighed in on SBRA. BidaskClub upgraded Sabra Health Care REIT from a sell rating to a hold rating in a research note on Tuesday, January 29th. Zacks Investment Research upgraded Sabra Health Care REIT from a hold rating to a buy rating and set a $22.00 price target for the company in a research note on Thursday, February 21st. Citigroup set a $18.00 price target on Sabra Health Care REIT and gave the company a hold rating in a research note on Tuesday, November 20th. Bank of America downgraded Sabra Health Care REIT from a neutral rating to an underperform rating and decreased their price target for the company from $23.00 to $21.00 in a research note on Friday, November 16th. Finally, Raymond James downgraded Sabra Health Care REIT from an outperform rating to a market perform rating in a research note on Friday, November 16th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $21.10.

SBRA stock opened at $18.38 on Thursday. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 7.47, a P/E/G ratio of 2.32 and a beta of 1.00. Sabra Health Care REIT has a twelve month low of $15.70 and a twelve month high of $23.83.

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 28th. Stockholders of record on Friday, February 15th were paid a dividend of $0.45 per share. The ex-dividend date was Thursday, February 14th. This represents a $1.80 annualized dividend and a dividend yield of 9.79%.

Hedge funds and other institutional investors have recently modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of Sabra Health Care REIT by 128.4% during the 4th quarter. IFP Advisors Inc now owns 3,099 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 1,742 shares during the period. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Sabra Health Care REIT by 913.7% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 3,112 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 2,805 shares during the period. Bessemer Group Inc. bought a new position in shares of Sabra Health Care REIT during the 4th quarter worth approximately $55,000. Fort L.P. bought a new position in shares of Sabra Health Care REIT during the 4th quarter worth approximately $68,000. Finally, Advisory Services Network LLC boosted its stake in shares of Sabra Health Care REIT by 22.7% during the 4th quarter. Advisory Services Network LLC now owns 4,510 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 834 shares during the period. Institutional investors own 85.78% of the company’s stock.

About Sabra Health Care REIT

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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