ValuEngine Downgrades Sabra Health Care REIT (NASDAQ:SBRA) to Sell

Sabra Health Care REIT (NASDAQ:SBRA) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday, ValuEngine reports.

A number of other research firms have also recently issued reports on SBRA. Mizuho assumed coverage on shares of Sabra Health Care REIT in a research report on Thursday, December 19th. They set a “neutral” rating and a $22.00 price objective for the company. BidaskClub upgraded shares of Sabra Health Care REIT from a “hold” rating to a “buy” rating in a research report on Thursday, January 30th. Berenberg Bank assumed coverage on shares of Sabra Health Care REIT in a research report on Wednesday, February 5th. They set a “hold” rating and a $22.00 price objective for the company. TheStreet cut shares of Sabra Health Care REIT from a “b” rating to a “c+” rating in a research report on Friday, November 1st. Finally, Citigroup upgraded shares of Sabra Health Care REIT from a “sell” rating to a “neutral” rating and set a $20.00 price objective for the company in a research report on Wednesday, December 18th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $22.83.

SBRA stock opened at $22.29 on Friday. The company has a 50 day simple moving average of $21.64 and a 200 day simple moving average of $22.01. The stock has a market cap of $4.51 billion, a price-to-earnings ratio of 743.25, a P/E/G ratio of -5.72 and a beta of 0.81. Sabra Health Care REIT has a 1 year low of $17.31 and a 1 year high of $24.95. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.35 and a quick ratio of 1.35.

Hedge funds have recently added to or reduced their stakes in the stock. Private Ocean LLC acquired a new position in Sabra Health Care REIT in the 3rd quarter valued at approximately $36,000. Certified Advisory Corp increased its position in Sabra Health Care REIT by 55.8% in the 4th quarter. Certified Advisory Corp now owns 2,004 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 718 shares during the period. Point72 Hong Kong Ltd acquired a new position in Sabra Health Care REIT in the 4th quarter valued at approximately $50,000. Huntington National Bank acquired a new position in Sabra Health Care REIT in the 4th quarter valued at approximately $53,000. Finally, Coastal Investment Advisors Inc. increased its position 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 acquiring an additional 635 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

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.

Read More: Cryptocurrencies

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Sabra Health Care REIT (NASDAQ:SBRA)

Receive News & Ratings for Sabra Health Care REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sabra Health Care REIT and related companies with MarketBeat.com's FREE daily email newsletter.