SunTrust Banks, Inc. Reiterates “Buy” Rating for Sabra Healthcare REIT, Inc. (SBRA)

Sabra Healthcare REIT, Inc. (NASDAQ:SBRA)‘s stock had its “buy” rating reaffirmed by equities research analysts at SunTrust Banks, Inc. in a research note issued on Monday. They presently have a $30.00 price target on the real estate investment trust’s stock. SunTrust Banks, Inc.’s price target points to a potential upside of 39.28% from the company’s current price. SunTrust Banks also issued estimates for Sabra Healthcare REIT’s Q3 2017 earnings at $0.92 EPS, Q4 2017 earnings at $0.47 EPS, FY2017 earnings at $2.50 EPS and Q2 2018 earnings at $0.63 EPS.

Several other research firms have also recently weighed in on SBRA. BidaskClub raised Sabra Healthcare REIT from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Mizuho reissued a “neutral” rating on shares of Sabra Healthcare REIT in a report on Wednesday, June 28th. Stifel Nicolaus reissued a “hold” rating and set a $26.00 price target on shares of Sabra Healthcare REIT in a report on Friday, July 28th. Zacks Investment Research raised Sabra Healthcare REIT from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Jefferies Group LLC reissued a “hold” rating and set a $25.00 price target (down from $28.00) on shares of Sabra Healthcare REIT in a report on Sunday, July 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $25.30.

Sabra Healthcare REIT (SBRA) opened at 21.54 on Monday. Sabra Healthcare REIT has a 52 week low of $19.30 and a 52 week high of $29.10. The firm has a market capitalization of $1.41 billion, a price-to-earnings ratio of 18.13 and a beta of 0.88. The company has a 50 day moving average price of $22.16 and a 200-day moving average price of $24.03.

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Hedge funds and other institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings 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 valued at $100,000 after acquiring an additional 352 shares in the last quarter. Bank of Montreal Can raised its holdings in Sabra Healthcare REIT by 44.1% in the 1st quarter. Bank of Montreal Can now owns 3,893 shares of the real estate investment trust’s stock valued at $109,000 after acquiring an additional 1,191 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Sabra Healthcare REIT by 15.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,900 shares of the real estate investment trust’s stock valued at $142,000 after acquiring an additional 800 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Sabra Healthcare REIT in the 1st quarter valued at $156,000. Finally, Riverhead Capital Management LLC raised its holdings in Sabra Healthcare REIT by 96.0% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,861 shares of the real estate investment trust’s stock valued at $165,000 after acquiring an additional 3,361 shares in the last quarter. 99.26% of the stock is 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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