The stock of Sabra Health Care REIT Inc (NASDAQ:SBRA) is a huge mover today! The stock decreased 0.20% or $0.05 during the last trading session, hitting $25.18. Sabra Health Care REIT Inc (NASDAQ:SBRA) has risen 20.57% since March 2, 2016 and is uptrending. It has outperformed by 12.31% the S&P500.
The move comes after 7 months negative chart setup for the $1.66 billion company. It was reported on Oct, 5 by Barchart.com. We have $23.42 PT which if reached, will make NASDAQ:SBRA worth $116.20 million less.
Analysts await Sabra Health Care REIT Inc (NASDAQ:SBRA) to report earnings on November, 14. They expect $0.56 earnings per share, down 3.45% or $0.02 from last year’s $0.58 per share. SBRA’s profit will be $36.92 million for 11.24 P/E if the $0.56 EPS becomes a reality. After $0.58 actual earnings per share reported by Sabra Health Care REIT Inc for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.
Sabra Health Care REIT Inc (NASDAQ:SBRA) Ratings Coverage
Out of 13 analysts covering Sabra Health Care REIT (NASDAQ:SBRA), 3 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 23% are positive. Sabra Health Care REIT has been the topic of 24 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Suntrust Robinson downgraded Sabra Health Care REIT Inc (NASDAQ:SBRA) on Wednesday, November 11 to “Neutral” rating. The rating was upgraded by Suntrust Robinson on Wednesday, June 1 to “Buy”. The stock of Sabra Health Care REIT Inc (NASDAQ:SBRA) earned “Outperform” rating by FBR Capital on Tuesday, February 23. The stock has “Buy” rating given by Mizuho on Thursday, August 6. The firm earned “Neutral” rating on Wednesday, August 17 by Citigroup. Raymond James downgraded the stock to “Market Perform” rating in Tuesday, April 12 report. Mizuho maintained the shares of SBRA in a report on Thursday, November 12 with “Buy” rating. The firm has “Neutral” rating given on Wednesday, November 11 by SunTrust. The stock of Sabra Health Care REIT Inc (NASDAQ:SBRA) has “Hold” rating given on Wednesday, August 26 by Canaccord Genuity. Stifel Nicolaus downgraded the stock to “Hold” rating in Monday, November 16 report.
According to Zacks Investment Research, “Sabra Health Care REIT, Inc. is a real estate investment trust that owns and invests in real estate serving the healthcare industry. The trust owns nursing homes, rehabilitation centers, assisted living facilities, and independent living centers. It leases properties to tenants and operators throughout the United States. Sabra Health Care REIT, Inc. is based in Irvine, California.”
Insitutional Activity: The institutional sentiment increased to 1.88 in 2016 Q2. Its up 0.59, from 1.29 in 2016Q1. The ratio is positive, as 22 funds sold all Sabra Health Care REIT Inc shares owned while 36 reduced positions. 22 funds bought stakes while 87 increased positions. They now own 59.62 million shares or 2.62% more from 58.09 million shares in 2016Q1.
Metropolitan Life Insur Ny owns 51,353 shares or 0.01% of their US portfolio. Los Angeles & Equity Rech Incorporated has 12,735 shares for 0% of their US portfolio. Principal Gru owns 1.00M shares or 0.03% of their US portfolio. Gilman Hill Asset Ltd Liability Company, a Connecticut-based fund reported 174,663 shares. Teachers Retirement Of The State Of Kentucky holds 0.01% of its portfolio in Sabra Health Care REIT Inc (NASDAQ:SBRA) for 20,300 shares. Creative Planning holds 10,400 shares or 0% of its portfolio. The Georgia-based Atlantic Tru Group Ltd Co has invested 0% in Sabra Health Care REIT Inc (NASDAQ:SBRA). Cubist Systematic Strategies Lc has invested 0.03% of its portfolio in Sabra Health Care REIT Inc (NASDAQ:SBRA). Aperio Gru Ltd Liability Company holds 21,214 shares or 0% of its portfolio. Blackrock Fund Advisors reported 4.37M shares or 0.02% of all its holdings. Hsbc Hldgs Plc reported 10,042 shares or 0% of all its holdings. Great West Life Assurance Can accumulated 0% or 9,074 shares. Phocas Financial Corp holds 0.81% of its portfolio in Sabra Health Care REIT Inc (NASDAQ:SBRA) for 535,305 shares. Sg Americas Securities Ltd owns 21,387 shares or 0% of their US portfolio. Daiwa Group, a Japan-based fund reported 4,830 shares.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 1 insider sale for $44,080 net activity. The insider WALTERS MILTON J sold $44,080.
More important recent Sabra Health Care REIT Inc (NASDAQ:SBRA) news were published by: Marketwatch.com which released: “Sabra Healthcare REIT Inc.” on January 30, 2011, also Globenewswire.com published article titled: “Sabra Health Care REIT, Inc. to Participate in Three September 2016 Industry …”, Seekingalpha.com published: “SABRA Health Care REIT: Firing On All Cylinders” on June 03, 2016. More interesting news about Sabra Health Care REIT Inc (NASDAQ:SBRA) was released by: Globenewswire.com and their article: “Sabra Health Care REIT, Inc. Closes Sale of Forest Park Medical Center – Frisco” with publication date: April 04, 2016.
SBRA Company Profile
Sabra Health Care REIT, Inc., incorporated on May 10, 2010, is a real estate investment trust. The Company, through its subsidiaries, owns and invests in real estate serving the healthcare industry. The Company’s segment is investments in healthcare-related real estate properties. The Company’s primary business consists of acquiring, financing and owning real estate property to be leased to third-party tenants in the healthcare sector. The Company’s investment portfolio includes approximately 180 real estate properties held for investment, including over 100 skilled nursing/transitional care facilities, approximately 80 senior housing facilities and over two acute care hospitals; approximately 20 investments in loans receivable, including over eight mortgage loans, approximately three construction loans, over two mezzanine loans, approximately three pre-development loans and a debtor-in-possession loan, and over 10 preferred equity investments.
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