The stock of Sabra Health Care REIT Inc (NASDAQ:SBRA) is a huge mover today! About 257,212 shares traded hands. Sabra Health Care REIT Inc (NASDAQ:SBRA) has risen 4.26% since April 18, 2016 and is uptrending. It has underperformed by 0.17% the S&P500.
The move comes after 9 months positive chart setup for the $1.41B company. It was reported on Nov, 18 by Barchart.com. We have $32.82 PT which if reached, will make NASDAQ:SBRA worth $705.00M more.
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 rating was upgraded by Suntrust Robinson to “Buy” on Wednesday, June 1. The firm earned “Hold” rating on Monday, November 16 by Stifel Nicolaus. The firm earned “Neutral” rating on Thursday, August 25 by BTIG Research. The stock of Sabra Health Care REIT Inc (NASDAQ:SBRA) earned “Neutral” rating by Citigroup on Wednesday, August 17. The rating was downgraded by Raymond James on Tuesday, April 12 to “Market Perform”. The company was downgraded on Thursday, May 19 by Mizuho. The firm earned “Neutral” rating on Monday, November 2 by Bank of America. The firm has “Outperform” rating by FBR Capital given on Thursday, October 8. The stock of Sabra Health Care REIT Inc (NASDAQ:SBRA) has “Buy” rating given on Thursday, August 6 by Mizuho. The stock of Sabra Health Care REIT Inc (NASDAQ:SBRA) earned “Buy” rating by Mizuho on Thursday, November 12.
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 decreased to 1.2 in Q2 2016. Its down 0.68, from 1.88 in 2016Q1. The ratio fall, 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.
Schwab Charles Mgmt Inc holds 334,814 shares or 0.01% of its portfolio. Tiaa Cref Mngmt Limited Liability has 388,205 shares for 0.01% of their US portfolio. Wasatch Advsr accumulated 497,627 shares or 0.16% of the stock. Amica Retiree Med accumulated 0.01% or 593 shares. Pacific Ridge Partners Llc has invested 0.21% of its portfolio in Sabra Health Care REIT Inc (NASDAQ:SBRA). Swiss Natl Bank accumulated 108,500 shares or 0% of the stock. Amica Pension Fund Board Of Trustees has 3,829 shares for 0.01% of their US portfolio. Legal General Grp Public Ltd last reported 0% of its portfolio in the stock. Goldman Sachs Gru Incorporated holds 0% of its portfolio in Sabra Health Care REIT Inc (NASDAQ:SBRA) for 178,851 shares. Geode Management Ltd Co has invested 0.01% of its portfolio in Sabra Health Care REIT Inc (NASDAQ:SBRA). Indexiq Advsrs Lc accumulated 51,517 shares or 0.06% of the stock. Wells Fargo Company Mn last reported 0.01% of its portfolio in the stock. Blackrock holds 81,388 shares or 0% of its portfolio. Blackrock Gp holds 0.01% of its portfolio in Sabra Health Care REIT Inc (NASDAQ:SBRA) for 468,510 shares. Blackrock Institutional Tru Na accumulated 0.01% or 2.21M shares.
Insider Transactions: Since June 6, 2016, the stock had 0 buys, and 1 insider sale for $44,080 net activity. Another trade for 2,000 shares valued at $44,080 was sold by WALTERS MILTON J.
More recent Sabra Health Care REIT Inc (NASDAQ:SBRA) news were published by: Marketwatch.com which released: “Sabra Healthcare REIT downgraded to underperform from neutral at BofA Merrill …” on January 30, 2011. Also Nasdaq.com published the news titled: “Sabra Healthcare REIT, Inc. (SBRA) Ex-Dividend Date Scheduled for November 10 …” on November 09, 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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