BidaskClub cut shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) from a hold rating to a sell rating in a research report sent to investors on Thursday, July 13th.

Several other research firms have also weighed in on SBRA. Zacks Investment Research lowered shares of Sabra Healthcare REIT from a buy rating to a hold rating in a research report on Tuesday, April 11th. Cantor Fitzgerald restated a buy rating and set a $30.00 price objective on shares of Sabra Healthcare REIT in a research report on Monday, May 8th. Mizuho restated a neutral rating on shares of Sabra Healthcare REIT in a research report on Wednesday, June 28th. Jefferies Group LLC restated a hold rating and set a $28.00 price objective on shares of Sabra Healthcare REIT in a research report on Friday, May 12th. Finally, Canaccord Genuity reiterated a hold rating and issued a $26.00 target price on shares of Sabra Healthcare REIT in a report on Tuesday, May 9th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of Hold and an average target price of $26.57.

Shares of Sabra Healthcare REIT (NASDAQ:SBRA) opened at 22.99 on Thursday. The company’s 50-day moving average is $23.62 and its 200-day moving average is $25.42. Sabra Healthcare REIT has a 12-month low of $19.30 and a 12-month high of $29.10. The stock has a market cap of $1.50 billion, a P/E ratio of 19.35 and a beta of 0.89.

Sabra Healthcare REIT (NASDAQ:SBRA) last released its earnings results on Monday, May 8th. The real estate investment trust reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.58 by $0.33. The company had revenue of $62.65 million for the quarter, compared to analyst estimates of $63.47 million. Sabra Healthcare REIT had a net margin of 34.99% and a return on equity of 8.72%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. On average, analysts expect that Sabra Healthcare REIT will post $1.18 earnings per share for the current fiscal year.

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The company also recently announced a dividend, which will be paid on Friday, August 18th. Stockholders of record on Wednesday, August 16th will be paid a $0.3599 dividend. The ex-dividend date of this dividend is Monday, August 14th. Sabra Healthcare REIT’s dividend payout ratio is presently 145.76%.

Several large investors have recently modified their holdings of the stock. Arizona State Retirement System increased its stake 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 valued at $822,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its stake in shares of 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 increased its stake in shares of 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 increased its stake in shares of 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. increased its stake in shares of 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 own 99.26% of the company’s stock.

About Sabra Healthcare REIT

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.

Analyst Recommendations for Sabra Healthcare REIT (NASDAQ:SBRA)

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