Sabra Healthcare REIT, Inc. (NASDAQ:SBRA)‘s stock had its “hold” rating reissued by equities research analysts at Mizuho in a research note issued to investors on Wednesday, October 4th. They currently have a $23.00 target price on the real estate investment trust’s stock. Mizuho’s target price suggests a potential upside of 9.00% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Sabra Healthcare REIT from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Tuesday, August 29th. Cantor Fitzgerald reissued a “buy” rating and set a $30.00 price target on shares of Sabra Healthcare REIT in a research report on Friday, September 8th. JMP Securities raised shares of Sabra Healthcare REIT from a “market perform” rating to an “outperform” rating and set a $23.00 price target for the company in a research report on Tuesday, September 5th. Bank of America Corporation raised their price target on shares of Sabra Healthcare REIT from $21.00 to $22.00 and gave the stock an “underperform” rating in a research report on Friday, September 8th. Finally, BidaskClub raised shares of Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a research report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $25.30.

Sabra Healthcare REIT (SBRA) traded down 0.61% on Wednesday, hitting $21.10. The stock had a trading volume of 1,033,479 shares. Sabra Healthcare REIT has a 12-month low of $19.30 and a 12-month high of $29.10. The company has a 50 day moving average of $22.12 and a 200 day moving average of $23.94. The company has a market capitalization of $1.38 billion, a PE ratio of 17.76 and a beta of 0.88.

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A number of institutional investors have recently added to or reduced their stakes in SBRA. Arizona State Retirement System boosted its stake in Sabra Healthcare REIT by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 34,096 shares of the real estate investment trust’s stock worth $822,000 after purchasing an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Sabra Healthcare REIT by 1.0% during the 1st quarter. Municipal Employees Retirement System of Michigan now owns 14,910 shares of the real estate investment trust’s stock worth $416,000 after purchasing an additional 150 shares during the last quarter. Amalgamated Bank boosted its stake in Sabra Healthcare REIT by 1.8% during the 2nd quarter. Amalgamated Bank now owns 8,880 shares of the real estate investment trust’s stock worth $214,000 after purchasing an additional 159 shares during the last quarter. Blair William & Co. IL boosted its stake in Sabra Healthcare REIT by 0.9% during the 1st quarter. Blair William & Co. IL now owns 27,568 shares of the real estate investment trust’s stock worth $770,000 after purchasing an additional 250 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Sabra Healthcare REIT by 9.3% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,151 shares of the real estate investment trust’s stock worth $100,000 after purchasing an additional 352 shares during the last quarter. 99.26% of the stock is currently owned by hedge funds and other institutional investors.

About Sabra Healthcare REIT

Sabra Health Care REIT, Inc 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 includes 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.

Analyst Recommendations for Sabra Healthcare REIT (NASDAQ:SBRA)

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