ValuEngine Upgrades Sabra Healthcare REIT, Inc. (SBRA) to Buy
Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Monday.
Several other research analysts also recently commented on the company. BidaskClub raised Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research report on Tuesday, June 27th. Mizuho reiterated a “neutral” rating on shares of Sabra Healthcare REIT in a report on Wednesday, June 28th. Stifel Nicolaus reissued a “hold” rating and issued a $26.00 price objective on shares of Sabra Healthcare REIT in a research report on Friday, July 28th. Zacks Investment Research raised Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, Jefferies Group LLC restated a “hold” rating and issued a $25.00 price objective (down previously from $28.00) on shares of Sabra Healthcare REIT in a research note on Sunday, July 9th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Sabra Healthcare REIT has an average rating of “Hold” and an average target price of $24.89.
Shares of Sabra Healthcare REIT (SBRA) opened at 21.82 on Monday. The stock has a 50 day moving average of $22.12 and a 200-day moving average of $24.23. Sabra Healthcare REIT has a 52 week low of $19.30 and a 52 week high of $29.10.
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Several hedge funds and other institutional investors have recently modified their holdings of the stock. Phocas Financial Corp. lifted its position in Sabra Healthcare REIT by 4.7% in the second quarter. Phocas Financial Corp. now owns 212,756 shares of the real estate investment trust’s stock worth $5,127,000 after purchasing an additional 9,470 shares during the period. Cetera Investment Advisers acquired a new stake in Sabra Healthcare REIT during the second quarter worth $505,000. Wasatch Advisors Inc. boosted its stake in Sabra Healthcare REIT by 14.5% during the second quarter. Wasatch Advisors Inc. now owns 570,029 shares of the real estate investment trust’s stock worth $13,738,000 after buying an additional 72,125 shares in the last quarter. Koch Industries Inc. acquired a new stake in Sabra Healthcare REIT during the second quarter worth $739,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Sabra Healthcare REIT during the second quarter worth $340,000. Institutional investors and hedge funds 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.
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