Sabra Health Care REIT (SBRA) Cut to Hold at BidaskClub

BidaskClub downgraded shares of Sabra Health Care REIT (NASDAQ:SBRA) from a buy rating to a hold rating in a research note issued to investors on Wednesday morning.

Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Sabra Health Care REIT from a buy rating to a hold rating in a research report on Thursday, August 2nd. Cantor Fitzgerald reissued a buy rating and set a $25.00 price objective on shares of Sabra Health Care REIT in a research report on Monday, June 4th. Mizuho reissued a buy rating and set a $26.00 price objective on shares of Sabra Health Care REIT in a research report on Monday, August 13th. ValuEngine raised shares of Sabra Health Care REIT from a strong sell rating to a sell rating in a research report on Thursday, August 9th. Finally, JMP Securities raised their price objective on shares of Sabra Health Care REIT from $21.00 to $22.00 and gave the stock a market outperform rating in a research report on Monday, June 11th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of Hold and an average target price of $22.73.

NASDAQ SBRA opened at $22.51 on Wednesday. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 1.00. The firm has a market capitalization of $4.10 billion, a P/E ratio of 9.26, a P/E/G ratio of 2.72 and a beta of 0.63. Sabra Health Care REIT has a 12 month low of $15.77 and a 12 month high of $23.83.

Sabra Health Care REIT (NASDAQ:SBRA) last posted its earnings results on Wednesday, August 8th. The real estate investment trust reported $1.08 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.75. The firm had revenue of $166.31 million for the quarter, compared to the consensus estimate of $166.62 million. Sabra Health Care REIT had a net margin of 62.60% and a return on equity of 11.21%. research analysts forecast that Sabra Health Care REIT will post 2.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Saturday, August 18th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 8.00%. The ex-dividend date of this dividend was Thursday, August 16th. Sabra Health Care REIT’s payout ratio is currently 74.07%.

A number of institutional investors have recently modified their holdings of the business. Tocqueville Asset Management L.P. lifted its stake in shares of Sabra Health Care REIT by 11.9% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 21,747 shares of the real estate investment trust’s stock worth $473,000 after acquiring an additional 2,306 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of Sabra Health Care REIT by 14.6% in the 2nd quarter. Commonwealth Equity Services LLC now owns 19,786 shares of the real estate investment trust’s stock worth $430,000 after acquiring an additional 2,525 shares during the period. US Bancorp DE lifted its stake in shares of Sabra Health Care REIT by 91.5% in the 2nd quarter. US Bancorp DE now owns 5,699 shares of the real estate investment trust’s stock worth $124,000 after acquiring an additional 2,723 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Sabra Health Care REIT by 4.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 69,494 shares of the real estate investment trust’s stock worth $1,510,000 after acquiring an additional 3,173 shares during the period. Finally, Arizona State Retirement System lifted its stake in shares of Sabra Health Care REIT by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 123,777 shares of the real estate investment trust’s stock worth $2,690,000 after acquiring an additional 3,177 shares during the period. 90.40% of the stock is currently owned by institutional investors.

Sabra Health Care REIT Company Profile

As of June 30, 2018, Sabra's investment portfolio included 487 real estate properties held for investment (consisting of (i) 352 Skilled Nursing/Transitional Care facilities, (ii) 89 Senior Housing communities (?Senior Housing – Leased?), (iii) 24 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 asset held for sale, 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, (iv) one pre-development loan and (v) 17 other loans), 13 preferred equity investments and one investment in an unconsolidated joint venture that owns 172 Senior Housing – Managed communities.

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