Mizuho upgraded shares of Sabra Healthcare REIT, Inc. (NASDAQ:SBRA) from an underperform rating to a neutral rating in a report published on Monday morning, MarketBeat reports. The brokerage currently has $24.00 target price on the real estate investment trust’s stock, up from their prior target price of $23.00.
A number of other equities analysts also recently issued reports on the stock. 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. 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. JMP Securities raised shares of Sabra Healthcare REIT from a market perform rating to an outperform rating and set a $23.00 price objective on the stock in a report on Tuesday, September 5th. ValuEngine downgraded shares of Sabra Healthcare REIT from a buy rating to a hold rating in a report on Friday, September 1st. Finally, Zacks Investment Research downgraded shares of Sabra Healthcare REIT from a buy rating to a hold rating in a report on Wednesday, August 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $25.00.
Shares of Sabra Healthcare REIT (NASDAQ SBRA) opened at 23.35 on Monday. The firm’s 50-day moving average is $22.36 and its 200 day moving average is $24.69. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 19.65 and a beta of 0.89. Sabra Healthcare REIT has a 52-week low of $19.30 and a 52-week high of $29.10.
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The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Wednesday, August 16th were issued a $0.3599 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.17%. The ex-dividend date was Monday, August 14th. Sabra Healthcare REIT’s dividend payout ratio (DPR) is currently 122.03%.
Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 during the period. Bank of Montreal Can raised its stake 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 during the period. Daiwa Securities Group Inc. raised its stake 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 during the period. Ameritas Investment Partners Inc. bought a new stake in Sabra Healthcare REIT in the 1st quarter valued at about $156,000. Finally, Riverhead Capital Management LLC raised its stake 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 during the period. Institutional investors and hedge funds own 99.26% of the company’s stock.
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.
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