Sabra Healthcare REIT (SBRA) : The consensus on Sabra Healthcare REIT (SBRA) based on 12 analyst recommendation on the company stock is 2.42, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Sabra Healthcare REIT (SBRA).
Sabra Healthcare REIT (SBRA) : 9 investment research analysts covering Sabra Healthcare REIT (SBRA) have an average price target of $24.78 for the near short term. The highest target price given by the Brokerage Firm to the stock is $30 and the lowest target is $20 for the short term. Analysts expect the variance to be within $3.56 of the average price.
Company shares have received an average consensus rating of Hold for the current week Sabra Healthcare REIT (NASDAQ:SBRA): The stock opened at $24.90 on Thursday but the bulls could not build on the opening and the stock topped out at $25.03 for the day. The stock traded down to $24.61 during the day, due to lack of any buying support eventually closed down at $24.82 with a loss of -1.19% for the day. The stock had closed at $25.12 on the previous day. The total traded volume was 835,018 shares.
In a related news, Walters Milton J, director of Sabra Health Care Reit, Inc., unloaded 2,000 shares at an average price of $22.04 on June 6, 2016. The total amount of the transaction was worth $44,080, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Sabra Health Care REIT, Inc. (Sabra) is a self-administered, self-managed real estate investment trust (REIT). Through its subsidiaries, the Company owns and invests in real estate serving the healthcare industry. The Company is primarily engaged in leasing healthcare properties to tenants and operators throughout the United States. It has a diverse portfolio of healthcare investments in the United States that offers a range of services, including skilled nursing/transitional care, assisted and independent living, mental health and acute care. The Companys investment portfolio consists of approximately 160 real estate properties held for investment, including 103 nursing/post-acute facilities, 55 senior housing facilities and two acute care hospitals; over 14 investments in loans receivable, including four mortgage loans, three construction loans, two mezzanine loans and five pre-development loans, and over six preferred equity investments.