Stock On Watch: Could Sabra Health Care REIT Inc Change Direction After Today’s Big Increase?

Stock On Watch: Could Sabra Health Care REIT Inc Change Direction After Today's Big Increase?

The stock of Sabra Health Care REIT Inc (NASDAQ:SBRA) is a huge mover today! About 387,045 shares traded hands. Sabra Health Care REIT Inc (NASDAQ:SBRA) has risen 2.82% since April 26, 2016 and is uptrending. It has underperformed by 2.44% the S&P500.
The move comes after 8 months positive chart setup for the $1.44 billion company. It was reported on Nov, 29 by Barchart.com. We have $22.92 PT which if reached, will make NASDAQ:SBRA worth $43.20 million more.

Analysts await Sabra Health Care REIT Inc (NASDAQ:SBRA) to report earnings on February, 27. They expect $0.57 EPS, down 10.94% or $0.07 from last year’s $0.64 per share. SBRA’s profit will be $36.89M for 9.76 P/E if the $0.57 EPS becomes a reality. After $0.59 actual EPS reported by Sabra Health Care REIT Inc for the previous quarter, Wall Street now forecasts -3.39% 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 stock has “Neutral” rating given by SunTrust on Wednesday, November 11. Bank of America downgraded Sabra Health Care REIT Inc (NASDAQ:SBRA) on Monday, November 2 to “Neutral” rating. The firm has “Buy” rating by Suntrust Robinson given on Wednesday, June 1. BTIG Research initiated the stock with “Neutral” rating in Thursday, August 25 report. The stock of Sabra Health Care REIT Inc (NASDAQ:SBRA) earned “Buy” rating by Mizuho on Thursday, November 12. On Monday, November 2 the stock rating was downgraded by RBC Capital Markets to “Underperform”. The rating was maintained by Canaccord Genuity on Wednesday, August 26 with “Hold”. The rating was initiated by FBR Capital with “Outperform” on Thursday, October 8. The rating was maintained by FBR Capital with “Outperform” on Tuesday, November 10. Citigroup maintained the shares of SBRA in a report on Wednesday, August 17 with “Neutral” rating.

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 2016 Q2. Its down 0.68, from 1.88 in 2016Q1. The ratio turned negative, 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.
Phocas Fincl, a California-based fund reported 535,305 shares. Principal Grp Inc Inc has 1.00M shares for 0.03% of their US portfolio. Geode Capital Mgmt Lc has invested 0.01% of its portfolio in Sabra Health Care REIT Inc (NASDAQ:SBRA). State Of New Jersey Common Pension Fund D accumulated 535,500 shares or 0.05% of the stock. Aqr Mgmt Lc accumulated 47,913 shares or 0% of the stock. Wespac Advsr owns 33,540 shares or 0.72% of their US portfolio. Forum Ltd last reported 27,644 shares in the company. Teachers Retirement System Of The State Of Kentucky holds 0.01% of its portfolio in Sabra Health Care REIT Inc (NASDAQ:SBRA) for 20,300 shares. Wasatch Advsr Inc has 497,627 shares for 0.16% of their US portfolio. Hsbc Hldgs Public Limited Com last reported 0% of its portfolio in the stock. The New York-based Tower Rech Cap Ltd Com (Trc) has invested 0.01% in Sabra Health Care REIT Inc (NASDAQ:SBRA). New Mexico Educational Retirement Board holds 0.01% of its portfolio in Sabra Health Care REIT Inc (NASDAQ:SBRA) for 9,300 shares. Ngam Advsr Ltd Partnership holds 115,857 shares or 0.03% of its portfolio. Moreover, Public Employees Retirement Association Of Colorado has 0% invested in Sabra Health Care REIT Inc (NASDAQ:SBRA) for 19,625 shares. Millennium Management Ltd holds 0.04% of its portfolio in Sabra Health Care REIT Inc (NASDAQ:SBRA) for 896,398 shares.

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

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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