Todays Report: Today, Analysts Set Sabra Healthcare REIT Inc. (NASDAQ:SBRA) Target Price at $22.35

Today, Analysts Set Sabra Healthcare REIT Inc. (NASDAQ:SBRA) Target Price at $22.35

Shares of Sabra Healthcare REIT Inc. (NASDAQ:SBRA) have received an average rating of “Hold” from the seventeen analysts that are presently covering the company. Two equities research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $22.86.

A number of research firms have recently issued reports on SBRA. Cantor Fitzgerald reiterated a “buy” rating on shares of Sabra Healthcare REIT in a research note on Friday, September 9th. JMP Securities reiterated a “hold” rating on shares of Sabra Healthcare REIT in a research note on Friday, September 9th. BTIG Research began coverage on shares of Sabra Healthcare REIT in a research note on Thursday, August 25th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a research note on Wednesday. Finally, TheStreet upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd.

Several institutional investors have recently made changes to their positions in SBRA. Tower Research Capital LLC TRC increased its position in shares of Sabra Healthcare REIT by 939.6% in the second quarter. Tower Research Capital LLC TRC now owns 7,277 shares of the company’s stock valued at $150,000 after buying an additional 6,577 shares during the period. PineBridge Investments L.P. increased 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 valued at $171,000 after buying an additional 313 shares during the period. Teacher Retirement System of Texas increased its position in shares of Sabra Healthcare REIT by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 9,091 shares of the company’s stock valued at $188,000 after buying an additional 1,105 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Sabra Healthcare REIT during the second quarter valued at about $207,000. Finally, Creative Planning increased its position in shares of Sabra Healthcare REIT by 4.0% in the second quarter. Creative Planning now owns 10,400 shares of the company’s stock valued at $215,000 after buying an additional 400 shares during the period. 92.14% of the stock is owned by institutional investors.

Shares of Sabra Healthcare REIT (NASDAQ:SBRA) opened at 23.77 on Monday. The company has a 50-day moving average of $24.70 and a 200 day moving average of $22.29. The stock has a market cap of $1.55 billion, a P/E ratio of 28.40 and a beta of 1.05. Sabra Healthcare REIT has a 52-week low of $14.92 and a 52-week high of $26.40.

Sabra Healthcare REIT (NASDAQ:SBRA) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.03. Sabra Healthcare REIT had a net margin of 24.63% and a return on equity of 6.27%. The firm had revenue of $74.20 million for the quarter, compared to analyst estimates of $56.04 million. During the same quarter last year, the firm posted $0.53 earnings per share. Sabra Healthcare REIT’s revenue for the quarter was up 31.1% compared to the same quarter last year. Equities research analysts forecast that Sabra Healthcare REIT will post $2.28 EPS for the current fiscal year.

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