Sabra Healthcare REIT, Inc. (SBRA) Raised to “Neutral” at Mizuho

Mizuho upgraded shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) from an underperform rating to a neutral rating in a research note released on Monday morning, MarketBeat reports. The firm currently has $24.00 price target on the real estate investment trust’s stock, up from their prior price target of $23.00.

SBRA has been the subject of a number of other reports. Cantor Fitzgerald reaffirmed a buy rating and set a $30.00 price objective on shares of Sabra Healthcare REIT in a report on Friday, September 8th. Zacks Investment Research downgraded shares of Sabra Healthcare REIT from a hold rating to a sell rating in a report on Thursday, June 8th. BidaskClub downgraded shares of Sabra Healthcare REIT from a sell rating to a strong sell rating in a report on Wednesday, August 16th. JMP Securities raised shares of Sabra Healthcare REIT from a market perform rating to an outperform rating and set a $23.00 price objective for the company in a report on Tuesday, September 5th. Finally, Bank of America Corporation lifted their price objective on shares of Sabra Healthcare REIT from $21.00 to $22.00 and gave the stock an underperform rating in a report on Friday, September 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. Sabra Healthcare REIT presently has a consensus rating of Hold and an average target price of $25.00.

Shares of Sabra Healthcare REIT (NASDAQ:SBRA) opened at 23.28 on Monday. Sabra Healthcare REIT has a 12-month low of $19.30 and a 12-month high of $29.10.

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The firm also recently announced a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Wednesday, August 16th were given a $0.3599 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 6.18%. The ex-dividend date of this dividend was Monday, August 14th. Sabra Healthcare REIT’s payout ratio is presently 122.03%.

A number of large investors have recently modified their holdings of the stock. Arizona State Retirement System raised its position in Sabra Healthcare REIT by 0.3% in 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 period. Municipal Employees Retirement System of Michigan raised its position in Sabra Healthcare REIT by 1.0% in 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 period. Amalgamated Bank raised its position in Sabra Healthcare REIT by 1.8% in 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 period. Blair William & Co. IL raised its position in Sabra Healthcare REIT by 0.9% in 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 period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Sabra Healthcare REIT by 9.3% in 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 period. Institutional investors own 99.26% of the company’s stock.

Sabra Healthcare REIT Company Profile

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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