Zacks Investment Research upgraded shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) from a sell rating to a hold rating in a report released on Tuesday, July 11th.

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. “

SBRA has been the subject of several other reports. Cantor Fitzgerald reiterated a buy rating and issued a $30.00 price target on shares of Sabra Healthcare REIT in a research report on Monday, May 8th. Jefferies Group LLC reaffirmed a hold rating and set a $28.00 price target on shares of Sabra Healthcare REIT in a research note on Friday, May 12th. Mizuho reissued a neutral rating on shares of Sabra Healthcare REIT in a research note on Wednesday, June 28th. BidaskClub raised Sabra Healthcare REIT from a hold rating to a buy rating in a research note on Tuesday, June 27th. Finally, Canaccord Genuity reaffirmed a hold rating and set a $26.00 price target on shares of Sabra Healthcare REIT in a research report on Tuesday, May 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $26.57.

Shares of Sabra Healthcare REIT (NASDAQ SBRA) opened at 23.09 on Tuesday. Sabra Healthcare REIT has a 52 week low of $19.30 and a 52 week high of $29.10. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 19.44 and a beta of 0.89.

Sabra Healthcare REIT (NASDAQ:SBRA) last issued its earnings results on Monday, May 8th. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.33. The firm had revenue of $62.65 million during the quarter, compared to the consensus estimate of $63.47 million. Sabra Healthcare REIT had a net margin of 34.99% and a return on equity of 8.72%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.54 earnings per share. Analysts anticipate that Sabra Healthcare REIT will post $1.17 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 17th. Shareholders of record on Wednesday, August 16th will be paid a $0.3599 dividend. The ex-dividend date of this dividend is Monday, August 14th. This represents a $1.44 dividend on an annualized basis and a yield of 6.23%. Sabra Healthcare REIT’s payout ratio is presently 145.76%.

A number of large investors have recently modified their holdings of SBRA. Arizona State Retirement System raised its position in shares of Sabra Healthcare REIT by 0.3% in the second quarter. Arizona State Retirement System now owns 34,096 shares of the real estate investment trust’s stock worth $822,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in Sabra Healthcare REIT by 1.0% in the first quarter. Municipal Employees Retirement System of Michigan now owns 14,910 shares of the real estate investment trust’s stock valued at $416,000 after buying an additional 150 shares in the last quarter. AQR Capital Management LLC raised its position in Sabra Healthcare REIT by 0.4% in the fourth quarter. AQR Capital Management LLC now owns 42,382 shares of the real estate investment trust’s stock valued at $1,035,000 after buying an additional 171 shares in the last quarter. Blair William & Co. IL raised its position in Sabra Healthcare REIT by 0.9% in the first quarter. Blair William & Co. IL now owns 27,568 shares of the real estate investment trust’s stock valued at $770,000 after buying an additional 250 shares in the last quarter. Finally, Albert D Mason Inc. raised its position in Sabra Healthcare REIT by 1.1% in the first quarter. Albert D Mason Inc. now owns 29,595 shares of the real estate investment trust’s stock valued at $827,000 after buying an additional 315 shares in the last quarter. Institutional investors and hedge funds own 99.26% of the company’s stock.

Sabra Healthcare REIT Company Profile

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

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