Sabra Healthcare REIT, Inc. (NASDAQ:SBRA)‘s stock had its “buy” rating reissued by equities research analysts at SunTrust Banks, Inc. in a report released on Friday. They currently have a $25.00 price target on the real estate investment trust’s stock. SunTrust Banks, Inc.’s price target would suggest a potential upside of 29.33% from the stock’s previous close. SunTrust Banks also issued estimates for Sabra Healthcare REIT’s Q3 2018 earnings at $0.62 EPS and Q4 2018 earnings at $0.62 EPS.

Several other analysts have also commented on the stock. Zacks Investment Research raised shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Tuesday, August 29th. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $30.00 price objective on shares of Sabra Healthcare REIT in a research report on Friday, September 8th. JMP Securities raised shares of Sabra Healthcare REIT from a “market perform” rating to an “outperform” rating and set a $23.00 price objective on the stock in a research report on Tuesday, September 5th. Bank of America Corporation lifted their price objective on shares of Sabra Healthcare REIT from $21.00 to $22.00 and gave the stock an “underperform” rating in a research report on Friday, September 8th. Finally, ValuEngine raised shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $24.40.

Shares of Sabra Healthcare REIT (NASDAQ:SBRA) traded down $0.29 during mid-day trading on Friday, reaching $19.33. 1,834,512 shares of the company’s stock traded hands, compared to its average volume of 1,392,503. The company has a market capitalization of $3,445.22, a price-to-earnings ratio of 8.48, a price-to-earnings-growth ratio of 2.52 and a beta of 0.94. The company has a current ratio of 1.66, a quick ratio of 3.15 and a debt-to-equity ratio of 0.89. Sabra Healthcare REIT has a twelve month low of $19.16 and a twelve month high of $29.10.

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Several hedge funds and other institutional investors have recently bought and sold shares of SBRA. BlackRock Inc. raised its position in shares of Sabra Healthcare REIT by 9,246.7% in the first quarter. BlackRock Inc. now owns 9,293,011 shares of the real estate investment trust’s stock valued at $259,556,000 after purchasing an additional 9,193,585 shares during the period. APG Asset Management US Inc. grew its stake in Sabra Healthcare REIT by 160.6% during the third quarter. APG Asset Management US Inc. now owns 2,874,000 shares of the real estate investment trust’s stock valued at $63,056,000 after acquiring an additional 1,771,033 shares in the last quarter. Numeric Investors LLC purchased a new position in Sabra Healthcare REIT during the second quarter valued at approximately $30,450,000. Vanguard Group Inc. grew its stake in Sabra Healthcare REIT by 6.4% during the second quarter. Vanguard Group Inc. now owns 13,229,559 shares of the real estate investment trust’s stock valued at $318,832,000 after acquiring an additional 797,491 shares in the last quarter. Finally, Koch Industries Inc. purchased a new position in Sabra Healthcare REIT during the second quarter valued at approximately $739,000. 99.26% of the stock is currently owned by institutional investors.

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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