Sabra Healthcare REIT Inc. (NASDAQ:SBRA)‘s stock had its “neutral” rating reaffirmed by equities researchers at Mizuho in a report issued on Monday.

A number of other equities analysts have also recently commented on SBRA. Cantor Fitzgerald initiated coverage on Sabra Healthcare REIT in a report on Thursday, June 23rd. They set a “buy” rating and a $28.00 target price for the company. Zacks Investment Research upgraded Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Tuesday, July 5th. Citigroup Inc. lowered their target price on Sabra Healthcare REIT from $24.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, July 7th. Bank of America Corp. cut Sabra Healthcare REIT from a “neutral” rating to an “underperform” rating in a report on Monday, July 25th. Finally, TheStreet upgraded Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a report on Tuesday, August 2nd. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $23.54.

Analyst Recommendations for Sabra Healthcare REIT (NASDAQ:SBRA)

Shares of Sabra Healthcare REIT (NASDAQ:SBRA) opened at 23.07 on Monday. Sabra Healthcare REIT has a 52 week low of $14.92 and a 52 week high of $26.40. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 27.56 and a beta of 1.05. The stock’s 50 day moving average price is $24.62 and its 200-day moving average price is $22.32.

Sabra Healthcare REIT (NASDAQ:SBRA) last announced its earnings results on Monday, August 1st. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.03. Sabra Healthcare REIT had a return on equity of 6.27% and a net margin of 24.63%. The company earned $74.20 million during the quarter, compared to analysts’ expectations of $56.04 million. During the same period last year, the business posted $0.53 EPS. Sabra Healthcare REIT’s revenue for the quarter was up 31.1% on a year-over-year basis. Equities analysts anticipate that Sabra Healthcare REIT will post $2.28 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aperio Group LLC increased its position in Sabra Healthcare REIT by 71.7% in the first quarter. Aperio Group LLC now owns 22,370 shares of the company’s stock worth $449,000 after buying an additional 9,343 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in Sabra Healthcare REIT by 31.5% in the first quarter. TIAA CREF Investment Management LLC now owns 384,796 shares of the company’s stock worth $7,731,000 after buying an additional 92,187 shares in the last quarter. BlackRock Inc. increased its position in Sabra Healthcare REIT by 9.5% in the first quarter. BlackRock Inc. now owns 62,840 shares of the company’s stock worth $1,262,000 after buying an additional 5,433 shares in the last quarter. BlackRock Fund Advisors increased its position in Sabra Healthcare REIT by 1.6% in the first quarter. BlackRock Fund Advisors now owns 4,224,987 shares of the company’s stock worth $84,880,000 after buying an additional 66,485 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in Sabra Healthcare REIT by 2.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 2,218,952 shares of the company’s stock worth $44,579,000 after buying an additional 59,712 shares in the last quarter. Hedge funds and other institutional investors own 92.14% of the company’s stock.

Sabra Healthcare REIT Company Profile

Sabra Health Care REIT, Inc is a real estate investment trust. The Company owns and invests in real estate serving the healthcare industry. The Company’s segment is investments in healthcare-related real estate properties. Its primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector.

5 Day Chart for NASDAQ:SBRA

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