StockNews.com Initiates Coverage on Sabra Health Care REIT (NASDAQ:SBRA)

Equities research analysts at StockNews.com initiated coverage on shares of Sabra Health Care REIT (NASDAQ:SBRA – Get Rating) in a research report issued on Thursday. The brokerage set a “hold” rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently weighed in on the company. Truist Financial dropped their price objective on Sabra Health Care REIT from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, March 29th. Barclays cut their price target on Sabra Health Care REIT from $15.00 to $13.00 in a report on Tuesday, April 25th. Citigroup cut their price target on Sabra Health Care REIT from $13.00 to $10.50 and set a “neutral” rating on the stock in a report on Tuesday, March 28th. Wells Fargo & Company initiated coverage on Sabra Health Care REIT in a report on Wednesday, April 19th. They set an “underweight” rating and a $11.00 price target on the stock. Finally, Stifel Nicolaus cut their price target on Sabra Health Care REIT from $15.00 to $14.00 in a report on Thursday, May 4th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Sabra Health Care REIT has a consensus rating of “Hold” and a consensus price target of $13.18.

Sabra Health Care REIT Trading Up 1.6 %

Shares of NASDAQ SBRA opened at $11.22 on Thursday. Sabra Health Care REIT has a twelve month low of $10.08 and a twelve month high of $16.60. The company has a current ratio of 3.13, a quick ratio of 3.13 and a debt-to-equity ratio of 0.81. The stock has a fifty day simple moving average of $11.21 and a 200-day simple moving average of $12.24. The stock has a market capitalization of $2.59 billion, a PE ratio of -20.04 and a beta of 1.31.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC boosted its position in shares of Sabra Health Care REIT by 4.6% in the 1st quarter. Advisory Services Network LLC now owns 24,886 shares of the real estate investment trust’s stock valued at $286,000 after purchasing an additional 1,086 shares during the period. Chilton Capital Management LLC acquired a new stake in shares of Sabra Health Care REIT in the 1st quarter valued at about $26,000. Hancock Whitney Corp acquired a new stake in shares of Sabra Health Care REIT in the 1st quarter valued at about $2,319,000. Colony Group LLC acquired a new stake in shares of Sabra Health Care REIT in the 1st quarter valued at about $217,000. Finally, Jane Street Group LLC acquired a new stake in shares of Sabra Health Care REIT in the 1st quarter valued at about $137,000. Hedge funds and other institutional investors own 87.20% of the company’s stock.

About Sabra Health Care REIT

(Get Rating)

Sabra Health Care REIT, Inc engages in the business of acquiring, financing, and owning real estate property. The company was founded on May 10, 2010 and is headquartered in Irvine, CA.