BidaskClub lowered shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) from a sell rating to a strong sell rating in a research note released on Wednesday morning.

SBRA has been the subject of several other reports. Zacks Investment Research lowered Sabra Healthcare REIT from a hold rating to a sell rating in a research note on Thursday, June 8th. Jefferies Group LLC reiterated a hold rating and set a $25.00 price objective (down from $28.00) on shares of Sabra Healthcare REIT in a research note on Sunday, July 9th. Mizuho reiterated a neutral rating on shares of Sabra Healthcare REIT in a research note on Wednesday, June 28th. Cantor Fitzgerald reiterated a buy rating and set a $30.00 price objective on shares of Sabra Healthcare REIT in a research note on Monday, May 8th. Finally, Stifel Nicolaus reiterated a hold rating and set a $26.00 price objective on shares of Sabra Healthcare REIT in a research note on Friday, July 28th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $26.57.

Shares of Sabra Healthcare REIT (NASDAQ SBRA) traded down 1.93% during trading on Wednesday, hitting $21.30. 1,336,580 shares of the stock traded hands. Sabra Healthcare REIT has a 52 week low of $19.30 and a 52 week high of $29.10.

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

Several hedge funds have recently made changes to their positions in SBRA. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Sabra Healthcare REIT by 9.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 352 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Sabra Healthcare REIT by 44.1% in the first quarter. Bank of Montreal Can now owns 3,893 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,191 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Sabra Healthcare REIT during the fourth quarter valued at approximately $120,000. Daiwa Securities Group Inc. boosted its stake in shares of Sabra Healthcare REIT by 15.7% in the second quarter. Daiwa Securities Group Inc. now owns 5,900 shares of the real estate investment trust’s stock valued at $142,000 after buying an additional 800 shares during the last quarter. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Sabra Healthcare REIT during the first quarter valued at approximately $156,000. 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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