Price Action Alert: Does Sabra Health Care REIT Inc Have Any Gas After Today’s Huge Decline?

Price Action Alert: Does Sabra Health Care REIT Inc Have Any Gas After Today's Huge Decline?

The stock of Sabra Health Care REIT Inc (NASDAQ:SBRA) is a huge mover today! The stock decreased 1.87% or $0.39 during the last trading session, hitting $20.45. About 578,918 shares traded hands or 15.16% up from the average. Sabra Health Care REIT Inc (NASDAQ:SBRA) has risen 4.72% since April 6, 2016 and is uptrending. It has outperformed by 2.77% the S&P500.
The move comes after 8 months negative chart setup for the $1.36 billion company. It was reported on Nov, 8 by Barchart.com. We have $19.02 PT which if reached, will make NASDAQ:SBRA worth $95.20 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 $37.24 million for 9.13 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. The firm has “Overweight” rating by Barclays Capital given on Wednesday, November 11. The stock has “Neutral” rating given by Citigroup on Wednesday, August 17. Stifel Nicolaus downgraded the shares of SBRA in a report on Monday, November 16 to “Hold” rating. The rating was upgraded by Mizuho on Thursday, August 6 to “Buy”. The firm has “Hold” rating given on Wednesday, August 26 by Canaccord Genuity. The rating was initiated by FBR Capital on Thursday, October 8 with “Outperform”. 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) earned “Neutral” rating by Mizuho on Thursday, May 19. The firm has “Neutral” rating given on Thursday, August 25 by BTIG Research.

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.
Kcg Hldg has invested 0.02% of its portfolio in Sabra Health Care REIT Inc (NASDAQ:SBRA). Creative Planning last reported 10,400 shares in the company. Moreover, Schroder Invest Mgmt Group has 0% invested in Sabra Health Care REIT Inc (NASDAQ:SBRA) for 79,187 shares. Amer Century Companies, a Missouri-based fund reported 593,111 shares. Pensionfund Dsm Netherlands accumulated 0.36% or 130,400 shares. The France-based Credit Agricole S A has invested 0% in Sabra Health Care REIT Inc (NASDAQ:SBRA). Moreover, Bnp Paribas Arbitrage Sa has 0.01% invested in Sabra Health Care REIT Inc (NASDAQ:SBRA) for 64,168 shares. Jpmorgan Chase Co holds 0% or 664,139 shares in its portfolio. The New York-based Metropolitan Life Insurance Ny has invested 0.01% in Sabra Health Care REIT Inc (NASDAQ:SBRA). Sumitomo Mitsui Trust Hldgs reported 46,512 shares or 0% of all its holdings. Millennium Mgmt Ltd Llc holds 0.04% or 896,398 shares in its portfolio. Raymond James Na has invested 0.04% of its portfolio in Sabra Health Care REIT Inc (NASDAQ:SBRA). Henderson Group Inc Public Ltd Company holds 0.06% of its portfolio in Sabra Health Care REIT Inc (NASDAQ:SBRA) for 375,194 shares. Natl Bank Of America De owns 792,309 shares or 0% of their US portfolio. Blackrock Group Ltd has 0.01% invested in the company for 468,510 shares.

Insider Transactions: Since June 6, 2016, the stock had 0 insider purchases, and 1 insider sale for $44,080 net activity. WALTERS MILTON J had sold 2,000 shares worth $44,080 on Monday, June 6.

More 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 Nasdaq.com published the news titled: “Sabra Health Care REIT Series A Cumulative Redeemable Preferred Stock About To …” on November 08, 2016. Globenewswire.com‘s news article titled: “Sabra Health Care REIT, Inc. Enters Into Agreement to Sell Forest Park Medical …” with publication date: February 10, 2016 was also an interesting one.

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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