ValuEngine Downgrades Sabra Health Care REIT (NASDAQ:SBRA) to Sell

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Sabra Health Care REIT (NASDAQ:SBRA) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Saturday, ValuEngine reports.

Several other equities research analysts have also issued reports on SBRA. Barclays lowered their price target on shares of Sabra Health Care REIT from $26.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, February 6th. Mizuho began coverage on shares of Sabra Health Care REIT in a research note on Thursday, December 19th. They issued a “neutral” rating and a $22.00 price target on the stock. Zacks Investment Research lowered shares of Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research note on Thursday, February 6th. Berenberg Bank began coverage on shares of Sabra Health Care REIT in a research note on Wednesday, February 5th. They issued a “hold” rating and a $22.00 price target on the stock. Finally, TheStreet lowered shares of Sabra Health Care REIT from a “b” rating to a “c+” rating in a research note on Friday, November 1st. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $22.83.

Shares of SBRA stock opened at $22.29 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.79. Sabra Health Care REIT has a 1 year low of $17.31 and a 1 year high of $24.95. The firm’s fifty day moving average price is $21.64 and its two-hundred day moving average price is $22.01. The firm has a market capitalization of $4.51 billion, a P/E ratio of 743.25, a PEG ratio of -5.72 and a beta of 0.81.

A number of hedge funds have recently modified their holdings of SBRA. Point72 Hong Kong Ltd acquired a new position in shares of Sabra Health Care REIT during the 4th quarter worth about $50,000. Point72 Asset Management L.P. bought a new stake in shares of Sabra Health Care REIT during the 4th quarter worth about $1,387,000. Advisors Asset Management Inc. boosted its holdings in shares of Sabra Health Care REIT by 35.2% during the 4th quarter. Advisors Asset Management Inc. now owns 139,334 shares of the real estate investment trust’s stock worth $2,973,000 after buying an additional 36,307 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in shares of Sabra Health Care REIT by 712.0% during the 4th quarter. Cubist Systematic Strategies LLC now owns 337,823 shares of the real estate investment trust’s stock worth $7,209,000 after buying an additional 296,218 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Sabra Health Care REIT during the 4th quarter worth about $2,914,000. Hedge funds and other institutional investors own 86.45% 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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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

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