Sabra Health Care REIT Inc (NASDAQ:SBRA) hit a new 52-week low during mid-day trading on Friday . The company traded as low as $17.99 and last traded at $18.20, with a volume of 1268100 shares changing hands. The stock had previously closed at $18.22.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research cut Sabra Health Care REIT from a “hold” rating to a “sell” rating in a research note on Wednesday. ValuEngine cut Sabra Health Care REIT from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Jefferies Group restated a “hold” rating on shares of Sabra Health Care REIT in a research note on Thursday, December 21st. Raymond James Financial restated a “hold” rating on shares of Sabra Health Care REIT in a research note on Wednesday, December 13th. Finally, TheStreet cut Sabra Health Care REIT from a “b-” rating to a “c” rating in a research report on Friday, November 3rd. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $24.40.

The stock has a market cap of $3,243.83, a PE ratio of 18.97, a price-to-earnings-growth ratio of 2.47 and a beta of 0.93. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.66 and a current ratio of 1.66.

In other news, Director Milton J. Walters sold 4,615 shares of the company’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $19.18, for a total transaction of $88,515.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 2.60% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Sabra Health Care REIT by 6.4% in the second quarter. Vanguard Group Inc. now owns 13,229,559 shares of the real estate investment trust’s stock worth $318,832,000 after purchasing an additional 797,491 shares during the last quarter. BlackRock Inc. increased its position in shares of Sabra Health Care REIT by 3.0% in the second quarter. BlackRock Inc. now owns 9,570,432 shares of the real estate investment trust’s stock worth $230,649,000 after purchasing an additional 277,421 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Sabra Health Care REIT by 294.2% in the third quarter. Bank of New York Mellon Corp now owns 4,721,303 shares of the real estate investment trust’s stock worth $103,586,000 after purchasing an additional 3,523,631 shares during the last quarter. APG Asset Management US Inc. increased its position in shares of Sabra Health Care REIT by 160.6% in the third quarter. APG Asset Management US Inc. now owns 2,874,000 shares of the real estate investment trust’s stock worth $63,056,000 after purchasing an additional 1,771,033 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Sabra Health Care REIT by 151.8% in the third quarter. Dimensional Fund Advisors LP now owns 2,405,450 shares of the real estate investment trust’s stock worth $52,774,000 after purchasing an additional 1,450,287 shares during the last quarter. Hedge funds and other institutional investors own 85.08% 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.

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