Sabra Health Care REIT (NASDAQ:SBRA) Stock Rating Upgraded by BidaskClub

Sabra Health Care REIT (NASDAQ:SBRA) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Thursday, BidAskClub reports.

A number of other analysts have also weighed in on the stock. ValuEngine lowered shares of Zagg from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 14th. TheStreet lowered shares of Sabra Health Care REIT from a “b-” rating to a “c+” rating in a research report on Monday, July 1st. Finally, Zacks Investment Research lowered shares of Gold Resource from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. Sabra Health Care REIT currently has an average rating of “Hold” and a consensus target price of $20.71.

Shares of NASDAQ:SBRA opened at $20.49 on Thursday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 1.06. Sabra Health Care REIT has a 12 month low of $15.70 and a 12 month high of $23.83. The firm has a 50-day simple moving average of $19.69. The company has a market cap of $3.68 billion, a P/E ratio of 8.95, a price-to-earnings-growth ratio of 11.51 and a beta of 0.89.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.94). Sabra Health Care REIT had a return on equity of 4.25% and a net margin of 23.38%. The firm had revenue of $136.77 million during the quarter, compared to analysts’ expectations of $144.87 million. As a group, equities research analysts predict that Sabra Health Care REIT will post 1.9 earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Los Angeles Capital Management & Equity Research Inc. acquired a new position in shares of Sabra Health Care REIT during the 4th quarter worth approximately $376,000. Commonwealth Equity Services LLC increased its position in shares of Sabra Health Care REIT by 6.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 22,006 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 1,294 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Sabra Health Care REIT by 0.7% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 94,721 shares of the real estate investment trust’s stock worth $1,561,000 after purchasing an additional 669 shares during the last quarter. Northern Trust Corp increased its position in shares of Sabra Health Care REIT by 17.7% during the 4th quarter. Northern Trust Corp now owns 5,176,368 shares of the real estate investment trust’s stock worth $85,307,000 after purchasing an additional 779,562 shares during the last quarter. Finally, NumerixS Investment Technologies Inc increased its position in shares of Sabra Health Care REIT by 275.0% during the 4th quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the real estate investment trust’s stock worth $98,000 after purchasing an additional 4,400 shares during the last quarter. 89.40% of the stock is currently owned by institutional investors.

About Sabra Health Care REIT

As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 Senior Housing communities (“Senior Housing – Leased”), (iii) 23 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 and (iv) 18 other loans), nine 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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