Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) was upgraded by JMP Securities from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday.

SBRA has been the subject of several other reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $25.00 target price (down from $28.00) on shares of Sabra Healthcare REIT in a research note on Sunday, July 9th. BidaskClub cut shares of Sabra Healthcare REIT from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised shares of Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $30.00 target price on shares of Sabra Healthcare REIT in a research note on Monday, May 8th. Finally, Mizuho cut shares of Sabra Healthcare REIT from a “neutral” rating to an “underperform” rating and lowered their target price for the stock from $25.00 to $23.00 in a research note on Monday, July 10th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $25.67.

Sabra Healthcare REIT (NASDAQ SBRA) opened at 22.24 on Tuesday. The firm has a market capitalization of $1.46 billion, a PE ratio of 18.72 and a beta of 0.89. The company has a 50-day moving average price of $22.50 and a 200-day moving average price of $24.86. Sabra Healthcare REIT has a 12-month low of $19.30 and a 12-month high of $29.10.

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Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in shares of Sabra Healthcare REIT by 6.4% in the 2nd quarter. Vanguard Group Inc. now owns 13,229,559 shares of the real estate investment trust’s stock valued at $318,832,000 after purchasing an additional 797,491 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Sabra Healthcare REIT by 3.0% in the 2nd quarter. BlackRock Inc. now owns 9,570,432 shares of the real estate investment trust’s stock valued at $230,649,000 after purchasing an additional 277,421 shares during the last quarter. LSV Asset Management boosted its holdings in shares of Sabra Healthcare REIT by 8.7% in the 2nd quarter. LSV Asset Management now owns 3,019,936 shares of the real estate investment trust’s stock valued at $72,780,000 after purchasing an additional 241,022 shares during the last quarter. River Road Asset Management LLC boosted its holdings in shares of Sabra Healthcare REIT by 30.2% in the 2nd quarter. River Road Asset Management LLC now owns 2,314,827 shares of the real estate investment trust’s stock valued at $55,787,000 after purchasing an additional 536,583 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of Sabra Healthcare REIT by 3.8% in the 2nd quarter. State Street Corp now owns 1,775,988 shares of the real estate investment trust’s stock valued at $42,795,000 after purchasing an additional 65,393 shares during 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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