Sabra Health Care REIT (NASDAQ:SBRA) had its price target decreased by Wells Fargo & Co from $22.00 to $10.50 in a note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage presently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Co‘s price objective indicates a potential downside of 9.17% from the stock’s current price.
A number of other research analysts also recently weighed in on the company. Citigroup raised Sabra Health Care REIT from a “sell” rating to a “neutral” rating and set a $20.00 price objective on the stock in a research note on Wednesday, December 18th. BidaskClub downgraded Sabra Health Care REIT from a “sell” rating to a “strong sell” rating in a research report on Friday, March 20th. Barclays dropped their price target on Sabra Health Care REIT from $26.00 to $25.00 and set an “overweight” rating on the stock in a research report on Thursday, February 6th. Berenberg Bank started coverage on Sabra Health Care REIT in a research report on Wednesday, February 5th. They issued a “hold” rating and a $22.00 price target on the stock. Finally, ValuEngine raised Sabra Health Care REIT from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 11th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $21.07.
Shares of NASDAQ:SBRA traded up $0.58 during midday trading on Thursday, reaching $11.56. The company had a trading volume of 930,874 shares, compared to its average volume of 4,564,241. Sabra Health Care REIT has a 1-year low of $5.55 and a 1-year high of $24.95. The firm has a market cap of $2.25 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of -2.85 and a beta of 0.83. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.44 and a current ratio of 1.44. The company has a fifty day simple moving average of $17.36 and a two-hundred day simple moving average of $21.01.
Sabra Health Care REIT (NASDAQ:SBRA) last announced its quarterly earnings data on Monday, February 24th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.25). Sabra Health Care REIT had a return on equity of 2.11% and a net margin of 10.43%. The business had revenue of $155.76 million for the quarter, compared to analyst estimates of $150.47 million. Analysts expect that Sabra Health Care REIT will post 1.71 EPS for the current year.
Several large investors have recently made changes to their positions in SBRA. Coastal Investment Advisors Inc. boosted its stake in Sabra Health Care REIT by 55.8% in the 4th quarter. Coastal Investment Advisors Inc. now owns 1,774 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 635 shares in the last quarter. Certified Advisory Corp boosted its stake in Sabra Health Care REIT by 55.8% in the fourth quarter. Certified Advisory Corp now owns 2,004 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 718 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in Sabra Health Care REIT in the fourth quarter worth $50,000. Huntington National Bank acquired a new position in Sabra Health Care REIT in the fourth quarter worth $53,000. Finally, Total Clarity Wealth Management Inc. acquired a new position in Sabra Health Care REIT in the fourth quarter worth $68,000. 88.49% of the stock is currently owned by institutional investors.
About Sabra Health Care REIT
As of December 31, 2018, Sabra's investment portfolio included 470 real estate properties held for investment (consisting of (i) 335 Skilled Nursing/Transitional Care facilities, (ii) 90 Senior Housing communities (Senior Housing – Leased), (iii) 23 Senior Housing communities operated by third-party property managers pursuant to property management agreements (Senior Housing – Managed) and (iv) 22 Specialty Hospitals and Other facilities), one investment in a direct financing lease, 22 investments in loans receivable (consisting of (i) one mortgage loan, (ii) two construction loans, (iii) one mezzanine loan and (iv) 18 other loans), nine preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.
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