Sabra Health Care REIT (NASDAQ:SBRA) Lifted to “Buy” at BidaskClub

Sabra Health Care REIT (NASDAQ:SBRA) was upgraded by equities research analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday, BidAskClub reports.

A number of other research firms have also recently issued reports on SBRA. ValuEngine cut shares of Zagg from a “sell” rating to a “strong sell” rating in a research report on Thursday, March 14th. Zacks Investment Research cut shares of Gold Resource from a “hold” rating to a “sell” rating in a research report on Friday, June 21st. Finally, TheStreet cut shares of Sabra Health Care REIT from a “b-” rating to a “c+” rating in a research report on Monday, July 1st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $20.71.

Shares of SBRA stock traded down $0.25 during mid-day trading on Thursday, reaching $20.52. The stock had a trading volume of 84,953 shares, compared to its average volume of 1,632,347. The company has a 50-day moving average price of $19.66. Sabra Health Care REIT has a 52-week low of $15.70 and a 52-week high of $23.83. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 8.95, a PEG ratio of 11.25 and a beta of 0.89. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 1.06.

Sabra Health Care REIT (NASDAQ:SBRA) last released its quarterly earnings data on Wednesday, May 8th. The real estate investment trust reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.94). Sabra Health Care REIT had a net margin of 23.38% and a return on equity of 4.25%. The firm had revenue of $136.77 million during the quarter, compared to analysts’ expectations of $144.87 million. Equities analysts forecast that Sabra Health Care REIT will post 1.9 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. FMR LLC increased its position in shares of Sabra Health Care REIT by 4.5% during the first quarter. FMR LLC now owns 6,095,981 shares of the real estate investment trust’s stock valued at $118,689,000 after buying an additional 263,481 shares during the period. Northern Trust Corp increased its position in shares of Sabra Health Care REIT by 17.7% during the fourth quarter. Northern Trust Corp now owns 5,176,368 shares of the real estate investment trust’s stock valued at $85,307,000 after buying an additional 779,562 shares during the period. Principal Financial Group Inc. increased its position in shares of Sabra Health Care REIT by 342.1% during the first quarter. Principal Financial Group Inc. now owns 3,490,597 shares of the real estate investment trust’s stock valued at $67,962,000 after buying an additional 2,701,133 shares during the period. Centersquare Investment Management LLC increased its position in shares of Sabra Health Care REIT by 319,577.4% during the first quarter. Centersquare Investment Management LLC now owns 3,219,151 shares of the real estate investment trust’s stock valued at $62,676,000 after buying an additional 3,218,144 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Sabra Health Care REIT by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,808,783 shares of the real estate investment trust’s stock valued at $46,288,000 after buying an additional 25,419 shares during the period. Institutional investors own 89.40% of the company’s stock.

About Sabra Health Care REIT

As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 Senior Housing communities (“Senior Housing – Leased”), (iii) 23 Senior Housing communities operated by third-party property managers pursuant to property management agreements (“Senior Housing – Managed”) and (iv) 22 Specialty Hospitals and Other facilities), one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan and (iv) 18 other loans), nine preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

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Analyst Recommendations for Sabra Health Care REIT (NASDAQ:SBRA)

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