Sabra Health Care REIT (NASDAQ:SBRA)‘s stock had its “hold” rating reiterated by stock analysts at Raymond James Financial in a report issued on Wednesday.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Wednesday, August 30th. Mizuho upgraded Sabra Health Care REIT from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $23.00 to $24.00 in a research note on Monday, September 11th. Jefferies Group upgraded Sabra Health Care REIT from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Tuesday, August 15th. ValuEngine downgraded Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Finally, Bank of America lifted their price target on Sabra Health Care REIT from $21.00 to $22.00 and gave the company an “underperform” rating in a research note on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. Sabra Health Care REIT currently has an average rating of “Hold” and a consensus price target of $24.40.

Sabra Health Care REIT (NASDAQ SBRA) opened at $19.22 on Wednesday. Sabra Health Care REIT has a 12 month low of $18.48 and a 12 month high of $29.10. The firm has a market capitalization of $3,480.00, a P/E ratio of 8.54, a price-to-earnings-growth ratio of 2.53 and a beta of 0.92. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.89.

In related news, Director Milton J. Walters sold 4,615 shares of Sabra Health Care REIT stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $19.18, for a total value of $88,515.70. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 2.60% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Arizona State Retirement System boosted its position in Sabra Health Care REIT by 0.3% during the second quarter. Arizona State Retirement System now owns 34,096 shares of the real estate investment trust’s stock worth $822,000 after purchasing an additional 100 shares in the last quarter. Amalgamated Bank boosted its position in Sabra Health Care REIT by 1.8% during the second quarter. Amalgamated Bank now owns 8,880 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 159 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Sabra Health Care REIT by 9.3% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 352 shares in the last quarter. Advisors Asset Management Inc. boosted its position in Sabra Health Care REIT by 1.9% during the second quarter. Advisors Asset Management Inc. now owns 20,024 shares of the real estate investment trust’s stock worth $483,000 after purchasing an additional 382 shares in the last quarter. Finally, Texas Permanent School Fund boosted its position in Sabra Health Care REIT by 0.8% during the second quarter. Texas Permanent School Fund now owns 47,667 shares of the real estate investment trust’s stock worth $1,149,000 after purchasing an additional 400 shares in the last quarter. Hedge funds and other institutional investors own 85.51% of the company’s stock.

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Sabra Health Care 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.

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

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