Several other equities analysts have also recently issued reports on the company. Zacks Investment Research cut Gold Resource from a hold rating to a sell rating in a research report on Friday, June 21st. ValuEngine cut Zagg from a sell rating to a strong sell rating in a research report on Thursday, March 14th. Finally, TheStreet cut Sabra Health Care REIT from a b- rating to a c+ rating in a research report on Monday, July 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $20.71.
Shares of SBRA stock opened at $20.49 on Thursday. The firm has a market cap of $3.68 billion, a PE ratio of 9.76, a PEG ratio of 11.35 and a beta of 0.89. Sabra Health Care REIT has a 52-week low of $15.70 and a 52-week high of $23.83. The firm has a 50-day moving average of $19.69. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.50 and a quick ratio of 1.50.
Sabra Health Care REIT (NASDAQ:SBRA) last issued its quarterly earnings results on Wednesday, May 8th. The real estate investment trust reported ($0.44) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.94). The company had revenue of $136.77 million during the quarter, compared to analyst estimates of $144.87 million. Sabra Health Care REIT had a net margin of 23.38% and a return on equity of 4.25%. As a group, equities research analysts predict that Sabra Health Care REIT will post 1.9 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Sabra Health Care REIT during the fourth quarter valued at about $376,000. Commonwealth Equity Services LLC increased its position in shares of Sabra Health Care REIT by 6.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 22,006 shares of the real estate investment trust’s stock worth $362,000 after purchasing an additional 1,294 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in shares of Sabra Health Care REIT by 0.7% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 94,721 shares of the real estate investment trust’s stock worth $1,561,000 after purchasing an additional 669 shares during the last quarter. Northern Trust Corp increased its position in shares of Sabra Health Care REIT by 17.7% in the fourth quarter. Northern Trust Corp now owns 5,176,368 shares of the real estate investment trust’s stock worth $85,307,000 after purchasing an additional 779,562 shares during the last quarter. Finally, NumerixS Investment Technologies Inc increased its position in shares of Sabra Health Care REIT by 275.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 6,000 shares of the real estate investment trust’s stock worth $98,000 after purchasing an additional 4,400 shares during the last quarter. Institutional investors own 89.40% 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.
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