Sabra Healthcare REIT, Inc. (SBRA) Downgraded by Zacks Investment Research

Sabra Healthcare REIT, Inc. (SBRA) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) from a buy rating to a hold rating in a research report sent to investors on Tuesday.

According to Zacks, “Sabra Health Care REIT, Inc. is a real estate investment trust that owns and invests in real estate serving the healthcare industry. The trust owns nursing homes, rehabilitation centers, assisted living facilities, and independent living centers. It leases properties to tenants and operators throughout the United States. Sabra Health Care REIT, Inc. is based in Irvine, California. “

Several other equities analysts have also recently weighed in on SBRA. JMP Securities reissued a market perform rating on shares of Sabra Healthcare REIT in a research report on Wednesday, December 28th. Mizuho reaffirmed a neutral rating and issued a $23.00 price target on shares of Sabra Healthcare REIT in a report on Monday, October 10th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $25.00 price target on shares of Sabra Healthcare REIT in a report on Sunday, October 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $24.33.

Shares of Sabra Healthcare REIT (NASDAQ:SBRA) traded down 1.58% during mid-day trading on Tuesday, reaching $25.54. The company’s stock had a trading volume of 62,945 shares. Sabra Healthcare REIT has a 12 month low of $14.92 and a 12 month high of $26.60. The firm has a market capitalization of $1.67 billion, a P/E ratio of 27.00 and a beta of 1.17. The company has a 50 day moving average of $24.66 and a 200-day moving average of $23.79.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Sabra Healthcare REIT by 1.1% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 10,447 shares of the company’s stock worth $263,000 after buying an additional 118 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Sabra Healthcare REIT by 0.3% in the second quarter. Nationwide Fund Advisors now owns 42,258 shares of the company’s stock worth $872,000 after buying an additional 120 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Sabra Healthcare REIT by 1.3% in the third quarter. Municipal Employees Retirement System of Michigan now owns 18,970 shares of the company’s stock worth $478,000 after buying an additional 240 shares during the last quarter. Aperio Group LLC raised its position in shares of Sabra Healthcare REIT by 1.2% in the third quarter. Aperio Group LLC now owns 21,477 shares of the company’s stock worth $541,000 after buying an additional 263 shares during the last quarter. Finally, PineBridge Investments L.P. raised its position in shares of Sabra Healthcare REIT by 3.9% in the second quarter. PineBridge Investments L.P. now owns 8,278 shares of the company’s stock worth $171,000 after buying an additional 313 shares during the last quarter. Hedge funds and other institutional investors own 92.77% of the company’s stock.

Sabra Healthcare REIT Company Profile

Sabra Health Care REIT, Inc is a real estate investment trust. The Company owns and invests in real estate serving the healthcare industry. The Company’s segment is investments in healthcare-related real estate properties. Its 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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