Sabra Health Care REIT (NASDAQ:SBRA) Raised to Hold at Zacks Investment Research

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Sabra Health Care REIT (NASDAQ:SBRA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday, 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. “

Other equities analysts have also issued research reports about the stock. Bank of America initiated coverage on shares of Sabra Health Care REIT in a research report on Monday, October 14th. They set a “neutral” rating for the company. BidaskClub lowered shares of Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. TheStreet lowered shares of Sabra Health Care REIT from a “b” rating to a “c+” rating in a research report on Friday, November 1st. Citigroup lowered shares of Sabra Health Care REIT from a “neutral” rating to a “sell” rating and upped their target price for the stock from $18.00 to $20.00 in a research report on Monday, September 23rd. Finally, Barclays initiated coverage on shares of Sabra Health Care REIT in a research report on Tuesday, September 3rd. They set an “overweight” rating and a $24.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $21.60.

Shares of NASDAQ:SBRA traded up $0.23 during midday trading on Friday, reaching $22.32. 1,543,075 shares of the company were exchanged, compared to its average volume of 1,568,962. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.79. The business’s fifty day moving average is $23.11 and its two-hundred day moving average is $21.22. Sabra Health Care REIT has a one year low of $15.70 and a one year high of $24.95. The stock has a market cap of $4.26 billion, a PE ratio of 9.75, a price-to-earnings-growth ratio of -5.59 and a beta of 0.79.

Sabra Health Care REIT (NASDAQ:SBRA) last issued its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.34). Sabra Health Care REIT had a return on equity of 0.31% and a net margin of 1.53%. The company had revenue of $149.83 million for the quarter, compared to the consensus estimate of $153.39 million. As a group, sell-side analysts expect that Sabra Health Care REIT will post 1.87 EPS for the current year.

In other Sabra Health Care REIT news, Director Raymond J. Lewis sold 58,000 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $21.47, for a total transaction of $1,245,260.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Richard K. Matros sold 113,000 shares of the stock in a transaction on Monday, November 4th. The shares were sold at an average price of $24.05, for a total transaction of $2,717,650.00. The disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in SBRA. Vanguard Group Inc. raised its stake in shares of Sabra Health Care REIT by 1.6% in the second quarter. Vanguard Group Inc. now owns 27,935,700 shares of the real estate investment trust’s stock valued at $550,054,000 after acquiring an additional 440,936 shares during the period. Cohen & Steers Inc. raised its stake in shares of Sabra Health Care REIT by 5.1% in the second quarter. Cohen & Steers Inc. now owns 25,651,703 shares of the real estate investment trust’s stock valued at $505,082,000 after acquiring an additional 1,244,000 shares during the period. LSV Asset Management raised its stake in shares of Sabra Health Care REIT by 1.8% in the second quarter. LSV Asset Management now owns 3,937,501 shares of the real estate investment trust’s stock valued at $77,529,000 after acquiring an additional 69,021 shares during the period. Centersquare Investment Management LLC raised its stake in shares of Sabra Health Care REIT by 17.3% in the second quarter. Centersquare Investment Management LLC now owns 3,774,944 shares of the real estate investment trust’s stock valued at $74,329,000 after acquiring an additional 555,793 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Sabra Health Care REIT by 11.5% in the second quarter. Bank of New York Mellon Corp now owns 3,478,801 shares of the real estate investment trust’s stock valued at $68,498,000 after acquiring an additional 358,924 shares during the period. Institutional investors and hedge funds own 85.14% of the company’s stock.

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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